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Supply chain
- It is the network between company and suppliers which is to be created to produce & distribute the particular product to final customer.
- It is the sequence of all organizations, activities, technology, individuals and resources involved in creation (production) and sale (distribution) of a commodity.
- It's main aim is to focus on coordinating among all the departments to improve efficiency, reduce cost, customer satisfaction.
- Supply chain provides the centralized control
- There primary functions are:
- Purchasing
- Manufacturing
- Inventory management
- Demand Planning
- Warehousing
- Continuous model, fast model, efficient model etc are the types of supply chain.
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