Value Chain Analysis of Consulting Firm

Consulting Firm offers professional consultancy services to businesses, companies, and individuals for a specific amount of fee. They have a few to a large database of employees and professional experts from various fields of expertise. Today, we’ll discuss the value chain analysis of Consulting Firm 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.

Types of Consulting Firms

• Regulatory Compliance
• Art and music
• Legal
• Management services
• Information technology
• Human resource management
• Hospitality and hotel
• Safety in the workplace
• Healthcare
• Financial and banking services
• Engineering services

Leading Consulting Firms

• EY
• Accenture
• PwC

• KPMG

• Deloitte
• McKinsey
• BCG
• Bain

The Value chain analysis of Consulting Firm 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 the supply chain analysis of the Consulting Firm value chain analysis company example as follows;

Value Chain Analysis of Consulting Firm

Let’s discuss the primary and supporting activities involved in the process of value chain analysis of Consulting Firm 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 Consulting Firm

The primary activities are directly involved in the production of products and goods and adding value to the consulting company. Some of the five main primary activities in the value chain analysis of Consulting Firm supply chain analysis are as follows;

Inbound Logistics of Consulting Firm

I-Suppliers Network

Consulting Firms have established a very large suppliers and professional experts network in various countries across the world. They comprise of lawyers, engineers, tech professionals, accountants, bankers, marketing experts, management experts, and others. Usually, they have a very large network of professional experts in their payroll from across the globe.

II-Relationship with Suppliers

Consulting Firms focus on building a strong relationship with their professional experts and suppliers to earn their trust and confidence. They offer them higher incentives and benefits to retain the large database of suppliers and professional experts in their network.

Outbound Logistics of Consulting Firm

Consulting Firm offers professional services both online and physically in person depending on the nature of the task. The client companies give them access to their database, and they perform various types of analysis to diagnose the root cause of the problem. In some cases, the team of the company’s professional experts needs to physically evaluate the place, site, or facility to fix things on the ground.

Operations of Consulting Firm

I-Multiple Operations

Consulting Firms engage in multiple types of operations depending on their business niche category and clients’ needs and requirements. For instance, the accounting firm would perform various types of accounts operations and financial analysis to resolve the issues and problems of their clients. The engineering service firm would perform engineering operations and analysis to fix the problems of their clients. In short, consulting firms engage in multiple operations relevant to the needs and requirements of their clients.

II-Tools & Equipment

Consulting Firms need to regularly update and upgrade their tools and equipment to keep up with the demands of the industry. Updated tools, equipment, software, and applications would help them to smoothly perform their various types of operations at any time. However, they may need their tools and resources at any time.

Marketing & Sales of Consulting Firm

I-Marketing & Advertisement

Consulting Firms run various types of marketing and advertisement campaigns for the promotion of their brand name, products, and services. They employ various media channels, sponsorships of mega sporting events, billboards, and other marketing strategies to approach their targeted segments of the customer market.

II-Branch Offices

Some Consulting Firms have a very large network of branch offices in various countries across the world along with the availability of online tech professionals. They further amplify the market reach and accessibility of the firms to the target customers, and vice versa.

Services of Consulting Firm

The Consulting Firm offers a wide range of professional services to customers depending on their urgent needs and requirements. Usually, companies hire Consulting Firms when things are out of their control, and they have the tech professional to resolve and fix any type of problem.

Supporting Activities of Consulting Firm

Supporting activities are indirectly involved in the production of products and goods and adding value to the consulting company. Some of the main supporting activities in the value chain analysis of Consulting Firm supply chain analysis are as follows;

Infrastructure of Consulting Firm

Consulting Firms have established a very large infrastructure of branch offices, a database of professional experts, the latest tools and equipment, and great accessibility. The well-developed infrastructure of Consulting Firms would help them to smoothly perform their professional service operations without any disruptions and delays.

HRM of Consulting Firm

Consulting Firms have a very large database of professional experts and employees. Their human resource management department plays a key role in sourcing and recruiting top industry experts, acquiring their professional services, contracting with various client companies, and efficiently allocating the workforce relevant to their needs and requirements.

Technological Development of Consulting Firm

Consulting Firms invest a significant amount of capital resources in research and technological development. It allows them to have access to advanced and sophisticated technology, tools, equipment, applications, and software. Their professional experts can’t perform various tasks and operations without tools and equipment.

Procurement of Consulting Firm

Consulting Firms are highly careful about ethical sourcing and recruitment of professional experts in their team and firm. They make sure to offer them higher compensation and benefits to increase their satisfaction level and retain their loyalty.

Conclusion: Consulting Firm 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 Consulting Firm; we have realized that Consultancy and professional service industry is the top growing area. If you are learning about the Consulting Firm value chain analysis example company; then you should keep in mind the above mentioned 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.