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What is Supply Chain in Supply Chain Management? PDF | Download eBooks

Learn Supply Chain definition in supply chain management with explanation to study “What is Supply Chain”. Study supply chain explanation with SCM terms to review supply chain management course for online MBA programs.

Supply Chain Definitions

  1. A global network of organizations and activities that supplies a firm with goods and services.

    Operations Management: Sustainability and Supply Chain Management by Jay Heizer, Barry Render, Chuck Munson

  2. A linkage or strand of operations that provides goods and services through to end-customers; within a supply network several supply chains will cross through an individual operation.

    Operations Management by Nigel Slack, Alistair Brandon-Jones, Robert Johnston

Supply Chain Explanation

It is a network between the organization and its suppliers to manufacture and distribute the end product and service to the final buyer or consumer. It is complete cycle which tells the whole process of getting product or services from the supplier, its production, distribution and reach to the final customer. Companies developed supply chains to reduce their costs and to maintain their competitive position in the market because it lowers the cost and make production process faster by transferring materials into final goods. Functions include in the supply chain are development of product, operations, marketing, financing and customer service which starts with receiving an order from the customer.

Supply Chain Explanation

An inventory network is the system of the considerable number of people, associations, assets, exercises and innovation engaged with the creation and closeout of an item, from the conveyance of source materials from the provider to the producer, through to its possible conveyance to the end client. The store network portion associated with getting the completed item from the producer to the customer is known as the dissemination channel. Inventory network the board (SCM) is the oversight of materials, data, and funds as they move in a procedure from provider to producer to distributer to retailer to shopper. The three primary progressions of the store network are the item stream, the data stream and the accounts stream. SCM includes planning and incorporating these streams both inside and among organizations.

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