Supply Chain is the network of activities, people, organizations, information, and resources involved in the production and delivery of a product or service from the supplier to the customer. It is the process of managing the flow of goods and services from the point of origin to the point of consumption.
Supply Chain is a system of organizations, people, activities, information, and resources involved in moving a product or service from supplier to customer. It includes the coordination and collaboration of these activities with the purpose of providing the customer with the desired product or service in a timely and cost-effective manner.
The supply chain begins with the supplier, who is responsible for providing the raw materials or components necessary for the production of the product or service. The supplier then works with the manufacturer to produce the product or service. The manufacturer then works with the distributor to get the product or service to the customer. The distributor may also work with the retailer to get the product or service to the customer.
The supply chain also includes the activities of logistics, which is the management of the flow of goods and services from the point of origin to the point of consumption. Logistics includes the planning, implementation, and control of the efficient and effective flow of goods and services from the point of origin to the point of consumption. This includes the management of inventory, transportation, warehousing, and customer service.
The supply chain also includes the activities of procurement, which is the process of acquiring goods and services from external sources. This includes the selection of suppliers, negotiation of contracts, and the management of the relationship between the supplier and the customer.
The supply chain also includes the activities of customer service, which is the management of customer relationships. This includes the management of customer inquiries, complaints, and feedback.
The supply chain also includes the activities of quality assurance, which is the management of the quality of the product or service. This includes the management of the design, development, production, and delivery of the product or service.
The supply chain also includes the activities of risk management, which is the management of the risks associated with the supply chain. This includes the management of the financial, operational, and legal risks associated with the supply chain.
The supply chain is a complex system that requires the coordination and collaboration of many different activities. It is important for organizations to understand the different components of the supply chain and how they interact with each other in order to ensure the efficient and effective flow of goods and services from the point of origin to the point of consumption.