Supply Chains Concept - Definitions

Supply Chains Concept

Supply Chains Concept
Supply Chains Concept
If we look at the concept of "supply chains" we will find that it means a huge interconnected network of individuals, companies, resources, and technologies involved in the manufacture and sale of a product or service.

What are the steps of supply chains in brief?

The supply chain begins with the delivery of raw materials from the supplier to the manufacturer and ends with the delivery of the finished product or service to the final consumer. Companies periodically develop supply chains so that they can reduce costs and remain competitive in business.

Supply Chain Management

Supply Chain Management can be defined as the planning and management of all activities involved in sourcing, procurement, transfer and all logistics management activities, and also includes coordination and cooperation with channel partners, which can be suppliers, intermediaries, third-party service providers, and customers.
Location: United States

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