What is Supply Chain? Introduction To Supply Chain.
INTRODUCTION TO SUPPLY CHAIN MANAGEMENT In this lesson, you will learn: What a supply chain is and its components, including how products and information flow in both directions. The evolution and key milestones in the history of supply chain management. The six main parts of supply chain management and how they work together. The strategic value of supply chain management in boosting performance. What is a Supply Chain? A supply chain is a network of three or more companies linked together through the flow of products, services, finances and information from suppliers to customers. A basic example involves a company, its supplier and its customer, connected by these flows. What is Supply Chain Management? Supply Chain Management(SCM) involves coordinating business activities across companies to improve long-term performance. It’s about creating trust and strong relationships with suppliers and customers, sharing data and sometimes even shifting control over logistics. History ...