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Advanced Placement (AP)Advanced Placement (AP)
26 September, 23:41

What does the term "supply chain" mean?

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  1. 26 September, 23:46
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    The term 'supply chain' refers to the system that is responsible for the delivery of a product from the manufacturer of the product to the end-user of the product.

    Explanation:

    A supply chain can be said to be the link of individuals or organizations (or both together) that serves the purpose of bringing a manufactured good to its consumers. A supply chain involves multiple players starting from the manufacturer of the product to the retailer of the product.
  2. 27 September, 00:10
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    Supply Chain definition: the sequence of processes involved in the production and distribution of a useful or valuable thing. Some examples of supply chain activities are farming, manufacturing, or packaging.
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