3 Questions
What is a supply chain?
A supply chain is a network of companies and people that are involved in the production and delivery of a product or service.
What are some of the components of a supply chain?
The components of a supply chain include producers, vendors, warehouses, transportation companies, distribution centers, and retailers.
What are the benefits of effective supply chain management?
Effective supply chain management results in lower costs and a faster production cycle.
Study Notes
- A supply chain is a network of companies and people that are involved in the production and delivery of a product or service.
- The components of a supply chain include producers, vendors, warehouses, transportation companies, distribution centers, and retailers.
- The functions of a supply chain include product development, marketing, operations, distribution, finance, and customer service.
- Today, many supply chains are global in scale.
- Effective supply chain management results in lower costs and a faster production cycle.
Test your knowledge of the fundamental concepts and components of supply chains, including producers, vendors, transportation, and global scale operations.
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