This unit describes the skills and knowledge required to manage an overall value stream, a supply chain or a demand chain, including close liaison with suppliers and customers. It may be applied to managing the chain internally and externally within an organisation.This unit applies to a person in a senior role in an organisation, such as a manager, technical specialist or similar, who needs to manage the value, supply and/or demand chain on an ongoing basis to achieve the best overall contribution of valued added to their product in terms of customer benefit and features. The unit can be applied to value streams of large or small organisations and to internal and external value streams or a combination value stream.This unit assumes that the value stream has been mapped and that the mapping is available.No licensing or certification requirements exist at the time of publication. Relevant legislation, industry standards and codes of practice within Australia must be applied.