A supply chain refers to a system, or network, between companies and their suppliers to produce and distribute products or services to consumers. This network includes people, organizations, activities, and resources. Companies use supply chains to reduce costs and gain a competitive edge.
The four types of supply chain models are:
*Source: https://www.avetta.com
The five components of a supply chain management system are plan, source, make, deliver, and return.
*Source: https://www.iimu.ac.in
The supply chain management process is comprised of the following areas:
*Source: https://www.anaplan.com
Learn how to streamline manufacturing processes and supply chain management to bring products to market faster by reading our best practices.