What is the Value Cycle?
To remain competitive, companies must analyse every aspect of their operations in order to capture further value at every stage of their modus operandi.
Companies are increasingly migrating away from the notion of a linear supply chain and instead, adopting a more dynamic approach, embracing the idea of a value cycle.
The value cycle refers to the optimisation of resources across all levels of suppliers, partners and customers in a closed loop system.
Why the Value Cycle?
Many organisations have traditionally pursued value creation by focusing on direct costs such as labour, manufacturing, and logistics. However, companies can create even greater value by looking at the social and environmental implications of the product life cycle across the entire value chain.
Doing so provides stakeholders with greater efficiency and transparency over a product’s total impact, from product development, sourcing, and manufacturing through to distribution, marketing, use, and disposal and/or recycling and reuse.
How the Value Cycle benefits you?
By spending time understanding their value cycle, companies can expand and deepen their visibility, yield increased profits, improve customer retention, and enhance productivity. Furthermore, it allows companies to mitigate against potential reputational risks, identify areas for innovation, and limit their exposure to potential future resource scarcity.
How can Longevity Partners help you?
Longevity Partners can support you in your value cycle management by:
- Using Life Cycle Assessment (LCA) tools to assess the end-to-end environmental and social impacts associated with your products and services;
- We identify potential areas of social and ecological exposure, identify improvements in product and process design decisions, and highlight cost-savings opportunities throughout the value chain;
- We create bespoke roadmaps to ensure effective risk mitigation, boost collaboration, and promote innovation across the value cycle;
- We design internal policies and codes, put in place monitoring systems, and design development initiatives to build capacity across the value cycle.