What is your understanding of supply chain?

Question

Accepted Answer

Supply chain refers to the entire process of delivering a product or service from the supplier to the end customer.

It involves all the activities and processes required to bring a product or service to the market.
It includes procurement, production, transportation, warehousing, and distribution.
Efficient supply chain management can help reduce costs, improve customer satisfaction, and increase profitability.
Example: A company sourcing raw materials from multiple suppliers, manufacturing the product, storing it in a warehouse, and delivering it to retailers or customers.
Example: Amazon's supply chain involves sourcing products from various suppliers, storing them in warehouses, and delivering them to customers through its logistics network.

Accepted Answer

Supply chain one word is vice versa, to give satisfaction in both ends

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