Value Chain

Recently I opened up a business buying and selling used CD’s to other students.  The upstream management part includes obtaining raw materials, inbound logistics and ware house storage and inventory systems. The first part of the value chain would include obtaining the CD’s. This would have to be done in person for inspection of used goods would be essential as well as cash payment could be made on site(Raw Materials). I would have to catalog all of my purchases. I would do this by music genre and the alphabetical name of the group in that specific genre.(Inbound Logistics) The inventory would be placed on CD racks or shelves so that if anyone wanted to come in and purchase anything in person this would be an available option.(Warehouse Inventory/Control System). As our product, we are using old CDs; therefore, I do not believe we have a Production element to our operation. The next step in our business is the start of the downstream management aspect. In the finished product storage stage, I would love to have a computerized information system which tracks our inventory and duplications of CDs. Our out bound logistics would be mostly via mail and pick up. Our marketing scheme would be to primarily flyers around school and mass emails. This would allow us to cut back on some of the opening cost. The final step of customer service, tracking and control systems would be done by me and my friend. As stated before I would love to have a system that tracked all inventory, transaction and set up some kind of e-commerce exchanges. A good site for this is paypal.