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Supply Chain

A supply chain comprises the sequence of processes involved in the production and distribution of a commodity. These processes include sourcing and procurement of inputs, the conversion of inputs into outputs (or finished products), and the logistics of getting finished products to customers.

The entities involved in an organization’s supply chain include the organization, its suppliers, other intermediaries and third-party service providers, and its customers.

Within the organization, supply chain management integrates functions, including marketing, sales, product design, finance, and information technology. Examples of business activities include inbound and outbound transportation management, fleet management, warehousing, materials handling, order fulfillment, logistics network design, inventory management, supply-demand planning, and management of third-party logistics services providers, production planning and scheduling, packaging and assembly, and customer service.

Managing a supply chain ...

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