What do you know about Supply chain?

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Accepted Answer

Supply chain refers to the process of planning, implementing and controlling the flow of goods and services from the point of origin to the point of consumption.

It involves the coordination and management of activities such as procurement, production, transportation, warehousing, and distribution.
Efficient supply chain management can lead to cost savings, improved customer satisfaction, and increased profitability.
Examples of supply chain management include just-in-time inventory systems, vendor-managed inventory, and cross-docking.
Supply chain management also involves managing risks such as supply disruptions, quality issues, and regulatory compliance.
Technology such as RFID, GPS, and blockchain are increasingly being used to improve supply chain visibility and efficiency.

What do you know about Supply chain?

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