What do understand by Supply Chain?

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Accepted Answer

Supply chain refers to the network of individuals, organizations, resources, activities, and technology involved in the creation and distribution of a product or service.

Supply chain involves the flow of goods, services, information, and finances from the initial raw material stage to the final consumer.
It includes various stages such as procurement, production, distribution, and customer service.
Efficient supply chain management aims to minimize costs, improve quality, and enhance customer satisfaction.
Examples of supply chain activities include sourcing raw materials, manufacturing products, warehousing, transportation, and inventory management.

What do understand by Supply Chain?

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