Entries by Joe Demski

Supply Chain versus Value Chain

INTRODUCTION: It is important to be able to distinguish between the concepts of a Value Chain and a Supply Chain. Supply Chains describe the chain of Intermediate Input purchases, or backward linkages, that are included in an Industry’s Spending Pattern and the Spending Patterns of its supplier, and so on. These purchases are incorporated into […]

Intermediate Inputs

Goods and services that are used in the production process of other goods and services and are not sold in final-demand markets (BEA). Intermediate Inputs consist of purchases of non-durable goods and services such as energy, materials, and purchased services that are used for the production of other goods and services rather than for final […]