When somebody makes a payment for the first time in exchange for other taw material or a very basic service that is when the value is created for the first time in a value life-cycle or value chain. Whatever business you are in trying to identify what is the first such transaction which somebody is paying money for the raw material or a very basic raw service where somebody's service is directly making use of the raw material.

first transaction or first payment

whoever disposes the raw material back into nature is the last value consumer.

Referenced in:

• create-value