Supply Chain
The entire network of organizations, activities, resources, and processes involved in creating and delivering a product from raw materials to the end consumer. A supply chain includes suppliers, manufacturers, warehouses, distribution centers, transportation providers, and retailers. Effective supply chain management coordinates these elements to minimize costs, maximize speed, and ensure product availability.
Detailed Explanation
The entire network of organizations, activities, resources, and processes involved in creating and delivering a product from raw materials to the end consumer. A supply chain includes suppliers, manufacturers, warehouses, distribution centers, transportation providers, and retailers. Effective supply chain management coordinates these elements to minimize costs, maximize speed, and ensure product availability.
Example
A furniture company's supply chain starts with lumber harvested in Oregon, processed at a sawmill, shipped to a factory in North Carolina, assembled into tables, stored in a warehouse in Georgia, and delivered to retail stores across the Southeast.
Related Resources
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