Several experts define supply chain as a collective term for procurement, material logistics and distribution.
While others regard supply chain as a bundle of logistic processes including inter-organizational flows or material, information and finance funds.
Supply chain management has its roots in a central logistical problem, which is the control over material, service, information and cash flows.
Supply chain encompass the companies and the business activities needed to design, make deliver and use a product or service. Business depend on their supply chains to provide them with they need to survive and thrive.
Supply chain in their most fundamental realization, consist of manufacturers and suppliers, distributors, retailers and consumers at the demand markets.
Companies all over the word have realized that the difference between good and supply chain management can affect their profitability significantly.
Supply chain
