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Supply Chain

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SUPPLY CHAIN

Supply chain can be defined as a network of people, organization, resources or information required to move a product(or service) from supplier to customer.
Any product that reaches the end consumer shows the combined effort of different organizations, collectively known as supply chain.

Supply Chain Management

It is the management of all activities in a supply chain in order to have a competitive advantage and maximize customer's value. It includes all activities right from development of product, sourcing of materials, production, logistics and information to co-ordinate all activities.

Supply chain management is a complex process that relies on all its stakeholders - right from its manufacturers to end user. The components of supply chain includes the following:
  • Company
  • Suppliers
  • Customers
A complete chain would involve the following stakeholders:
  • Producer of raw material
  • Supplier
  • Product Manufacturer 
  • Distributor
  • Retailer
  • Customer
Main Components of Supply Chain Management  

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