Supply Chain Management Basics

• 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.