Value chain management, also known as supply chain management, has come a long way to become what it is today. In the past, value chain analysis was focused more on logistics, on the manual aspect of the process, and of optimizing the mechanized aspects. Today, it is more focused on automation, digitizing the process, and the coordination and integration of all the elements involved in the supply chain. Because of how value-chain management has evolved, it plays a crucial role in dealing with the ever-increasing complexity in supply chains globally. At its heart it is all about making it possible for products, information, and finances to flow, optimizing the processes in which they flow, and creating better value in the relationships between companies, as well as improving the overall efficiency of business.