Explain the supply chain process

Question

Accepted Answer

The supply chain process involves the movement of goods and services from the supplier to the customer.

It starts with the procurement of raw materials or finished goods from suppliers
The goods are then transported to the manufacturer or distributor
The manufacturer or distributor then processes, packages, and stores the goods
The goods are then transported to retailers or directly to customers
Finally, the customer receives the goods and pays for them
The process also involves managing inventory levels, demand forecasting, and logistics
Example: A clothing company sources fabric from a supplier, manufactures the clothes, stores them in a warehouse, and then ships them to retail stores or directly to customers.
Example: A restaurant orders ingredients from a supplier, prepares the food, and serves it to customers.

Accepted Answer

Planning, obtaining, producing, delivering and returning

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