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Questions and Answers
What is a supply chain?
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?
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?
What are the benefits of effective supply chain management?
Effective supply chain management results in lower costs and a faster production cycle.
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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.
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