life cycle of supply chain

Question

Accepted Answer

The life cycle of supply chain involves planning, sourcing, making, delivering, and returning products.

Planning involves forecasting demand and creating a strategy to meet it.
Sourcing involves selecting suppliers and negotiating contracts.
Making involves manufacturing or assembling products.
Delivering involves logistics and transportation of products to customers.
Returning involves handling product returns and managing reverse logistics.
Each stage is interconnected and affects the overall efficiency of the supply chain.
Examples of companies with efficient supply chain life cycles include Amazon and Walmart.

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