Supply Chain is system consists of Man, Materials, Money and Resources, Supply Chain is also deals with moving of a product or service from supplier to Customer. Supply Chain procedures converts raw materials in to a complete end user usable finished goods.
Supply Chain Council defines Supply Chain as "Supply Chain Management encompasses the planning and management of all activities involved in sourcing and procurement, conversion, and all logistics management activities".
Here below is an sample which explain what is
Supply Chain in easy steps,
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| What is Supply Chain |
Supply Chain also Includes the co-ordination between the Suppliers, Consumers,Traders, Middle Mens or intermediaries , Etc. Essentially Supply Chain management integrates the demand and supply management across various organizations. Also it's Considered to be an business model which is more profitable to most of the companies, which may or may nor include logistics, manufacturing and distributing operations.
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