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A supply chain is a network of entities who create a product and deliver it to its consumer. An effective supply chain results in lower costs and faster production.
A supply chain includes all the raw materials and parts that are made into a product and distributed up the chain for manufacture and sale. In contrast, a value chain encompasses all the individual steps that are taken to create a marketable product.
The meaning of SUPPLY CHAIN is the chain of processes, businesses, etc. by which a commodity is produced and distributed : the companies, materials, and systems involved in manufacturing and delivering goods.
A supply chain is the network of all the individuals, organizations, resources, activities and technology involved in the creation and sale of a product. A supply chain encompasses everything from the delivery of source materials from the supplier to the manufacturer through to its eventual delivery to the end user.
A supply chain is a complex logistics system that consists of facilities that convert raw materials into finished products and distribute them [1] to end consumers [2] or end customers. [3] Meanwhile, supply chain management deals with the flow of goods in distribution channels within the supply chain in the most efficient manner. [4] [5]
SUPPLY CHAIN definition: 1. the system of people and things that are involved in getting a product from the place where it…. Learn more.
Supply chain management (SCM) is the coordination of a business’ entire production flow, from sourcing raw materials to delivering a finished item. The global supply chain is a complex network of suppliers, manufacturers, distributors, retailers, wholesalers and customers.
Supply chain management (SCM) is the centralized management of the flow of goods and services to and from a company and includes all of the processes involved in transforming raw materials and...
SUPPLY CHAIN meaning: 1. the system of people and things that are involved in getting a product from the place where it…. Learn more.
The supply chain represents all the steps required to get the product to the customer. The value chain gives companies a competitive advantage in the industry, while the...