Entity: SUPPLY-CHAIN
A supply chain is a network of individuals, organizations, resources, activities, and technology involved in the creation and sale of a product, encompassing everything from sourcing materials to delivering the final product to consumers.
SUPPLY-CHAIN
Etymology
The term 'supply chain' originated from the concept of a chain of processes and businesses involved in the production and distribution of goods.
Definition
A supply chain is the network of individuals, organizations, resources, activities, and technology involved in the creation and sale of a product, encompassing everything from sourcing materials to delivering the final product to consumers.
Historical Context
Supply chains have existed for centuries, evolving with advancements in transportation, communication, and technology. The Industrial Revolution marked a significant shift in supply chain management.
Cultural Significance
Supply chains play a crucial role in global trade, economic development, and consumer satisfaction. They impact various industries and are essential for the efficient flow of goods and services.
Related Concepts
- Supply Chain Management
- Logistics
- Procurement
- Operations Management
See Also
A supply chain is the chain of processes, businesses, etc. by which a commodity is produced and distributed, involving the companies, materials, and systems in manufacturing and delivering goods.