Value Chain Analysis of Barclays Bank

Barclays Bank is a British multinational bank and financial service company. The bank started its business and operations in 1690. Today, we’ll discuss the value chain analysis of Barclays Bank supply chain analysis; primary and supporting activities in the process of value chain analysis Example Company. They are inbound and outbound logistics, operations, marketing, and customer service; infrastructure, HRM, technology, and procurement as an application of the value chain analysis process.

Suppliers and Vendors of Barclays Bank

• Tech and digital devices
• Stationary items
• Banking applications and system
• Financial and banking experts
• Investors
• Partners
• Stakeholders

The Value chain analysis of Barclays Bank supply chain analysis would analyze the primary and supporting activities in the process of value chain analysis. They’re inbound and outbound logistics, operations, marketing, and services; infrastructure, HRM, technology, and procurement. Here’s supply chain analysis of Barclays Bank value chain analysis company example as follows;

Value Chain Analysis of Barclays Bank

Let’s discuss the primary and supporting activities involved in the process of value chain analysis of Barclays Bank supply chain analysis. It is an application of value chain analysis based on Porter’s model; some of the key elements and components of value chain analysis are as follows;

Primary Activities of Barclays Bank

The primary activities are directly involved in the production of products and goods and adding value to the banking and financial companies. Some of the five main primary activities in the value chain analysis of Barclays Bank supply chain analysis are as follows;

Inbound Logistics of Barclays Bank

I-Suppliers Network

Barclays Bank has established a very large network of suppliers and vendors in the fintech, banking application and system, bankers, and other experts, professionals, and digital device manufacturers. The large and diversified network of suppliers plays a role in decreasing the risk factors and improving the flow of supplies and materials to the company.

II-Suppliers Diversity & Inclusion Program

Barclays Bank prefers to collaborate and partner up with diverse suppliers and vendors that are responsible and innovative. The objective of the financial service-providing firm is to set up a responsible and prosperous community. The supplier’s diversity program shapes the responsible brand image of the company in the global banking industry.

• People with disabilities
• Veterans
• Sexual orientations
• Socio-economic
• Ethnicity
• Race
• Gender

III-Code of Conduct for Suppliers

Barclays Bank has set up a strict code of conduct for suppliers to ensure their compliance with human rights standards and financial regulations. The code and conduct and regulations deal with a wide range of areas; some of them are as follows;

• Workforce and human rights standards
• Environmental management regulations
• Diversity, equity, and inclusion
• Social and societal responsibility
• Values and behaviors

Outbound Logistics of Barclays Bank

Barclays Bank employs confidential transport and logistics mediums and channels for the distribution of cash and other supplies to branches in 55 countries across the world. The company carefully evaluates the data of drivers and service providers and verifies it from multiple sources. However, they are distributing highly sensitive and expensive supplies in various regions worldwide.

Operations of Barclays Bank

I-Retail Operations

Barclays Bank has a network of approximately 4750 bank branches in 55 countries across the world. The worldwide network of retail branches would require the bank and financial service-providing firm to manage and organize all the branches in terms of their resources, employees, banking data, transaction details, and business transactions with other banks. The bank has developed an advanced system and a fintech professional team to smoothly perform its various retail banking operations.

II-Administrative & Financial Operations

Along with retail banking operations, Barclays Bank also engages in multiple administrative and financial operations. They comprise investment banking, collaborating with clients and stakeholders, asset management, wealth management, and diversifying the risk factors to strengthen and maintain the company’s position in the market.

Marketing & Sales of Barclays Bank

I-Marketing & Advertisement

Barclays Bank runs various types of marketing and advertisement campaigns for the promotion of bank and financial products and services. The bank employs various media channels, sponsorships of various mega sporting events, and other marketing strategic approaches to approach various segments of the customer’s market and amplify its market reach.

II-Branches & ATMs

Barclays Bank has a very large network of 4750 retail bank branches and ATMs in 55 countries across the world. The branch network amplifies the market reach and accessibility of the bank to the end consumers. Customers could easily visit the bank for any type of financial transaction and investment guide.

Services of Barclays Bank

Barclays Bank offers a wide range of financial services to customers. The service portfolio helps the company to serve various segments of customers with diverse needs and requirements. Some of the main services of the bank are as follows;

• Retail banking
• Consumer banking
• Investment banking
• Commercial banking
• Wealth management
• Asset management

Supporting Activities of Barclays Bank

Supporting activities are indirectly involved in the production of products and goods and adding value to the banking and financial companies. Some of the main supporting activities in the value chain analysis of Barclays Bank supply chain analysis are as follows;

Infrastructure of Barclays Bank

Barclays Bank has established a very large infrastructure of suppliers’ and vendors’ networks, retail bank branches, and partners’ networks. The well-developed infrastructure would help the bank to smoothly perform its various banking and financial operations on time without any disruptions and delays. As a result, it amplifies the overall customer’ experience and satisfaction level.

HRM of Barclays Bank

Barclays Bank has employed approximately 81000 employees and workers to manage its global banking and financial operations. The human resource management department of the company plays a key role in building a large database of employees, conducting training programs for employees, and offering equal employees to all regardless of any differences.

Technological Development of Barclays Bank

Barclays Bank invests a significant amount of capital resources in technological development. It allows the bank to employ advanced fintech tools and equipment, advanced systems, and centralized systems to keep up with the growing demand of the customer market.  

Procurement of Barclays Bank

Barclays Bank is highly careful and cautious about ethical sourcing and procurement of supplies from suppliers and vendors. The bank has set up stricture regulations and protocols for the financial service providers and suppliers to ensure their compliance with standards and regulations.

Conclusion: Barclays Bank Value Chain Analysis Example Company | Application of Value Chain Analysis Process |Process of Value Chain Analysis

After an in-depth study of the value chain analysis of Barclays Bank; we have realized that Barclays Bank is the world’s leading retail bank and financial service-providing firm. If you are learning about the Barclays Bank value chain analysis example company; then you should keep in mind the abovementioned primary and supporting activities. They’re inbound and outbound logistics; operations, marketing and sales, and services; infrastructure, procurement, HRM, and technological development as an application of the value chain analysis process.