When you come up with a new range of products, say, a winter clothing range, then the final realized product that reaches your customer’s doorstep is the result of a long sequence of processes. This entire network between a company and its suppliers that enables the production and distribution of a product to the final buyer is called a ‘supply chain’.
A supply chain, therefore, is a series – or rather – a chain of steps. It involves a very large number of people who specialize in separate parts of the process – producers, vendors, warehouse operators and managers, transportation companies, distribution centers and finally, retailers.
The Role of Supply Chains in Business
In today’s world, it is impossible to ignore the role that supply chains play in business. Let’s explore the various ways in which they help businesses. Read more....
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