What is Supply chain?

Question

Accepted Answer

Supply chain is the process of managing the flow of goods and services from the point of origin to the point of consumption.

It involves the coordination and integration of various activities such as procurement, production, transportation, warehousing, and distribution.
Effective supply chain management can lead to increased efficiency, reduced costs, and improved customer satisfaction.
Examples include Amazon's delivery network, Walmart's inventory management system, and Apple's global supply chain.
Supply chain management also involves risk management, sustainability, and ethical considerations.
Collaboration and communication between different stakeholders such as suppliers, manufacturers, distributors, and customers are crucial for a successful supply chain.

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