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Getting to Know the Supply Chain: Functions, Components and Examples by Anggi | Oct , Getting to Know Supply Chain Functions, Components and Examples source envato. Supply chain includes various integrated activities such as planning, procurement, production, distribution and logistics management. In the modern business world, the existence of an efficient supply chain is very important because it affects production costs, product quality, speed of delivery, and customer satisfaction. In this article, we will discuss further the meaning of supply chain, its function, the main activities in the supply chain, as well as examples of its application in business.


What is a Supply Chain? Understanding Supply Chain guatemala telegram database Activities illustration of supply chain activities . source envatoSupply Chain is a system that regulates the flow of goods, information and money from raw material suppliers to final consumers. Overall, the supply chain includes all activities, processes and parties involved in procurement, production, distribution and delivery goods or services to customers. The main objective of the supply chain is to ensure that goods or services are delivered to customers in an efficient, timely and cost-effective manner. Based on the Investopedia page, the supply chain includes various stages, starting from planning, procurement , production, storage, shipping, distribution, to after-sales service.


Also read: Inventory Control Methods, Functions, and Examples. Difference between Supply Chain and Supply Chain Management. Supply Chain is a network of all individuals, organizations, resources, activities, and technology involved in creating and selling products. SC includes the entire flow of goods and information from raw material suppliers to final consumers. Meanwhile, Supply Chain Management is the process of managing and coordinating all activities in the supply chain to increase efficiency and effectiveness. SCM includes planning, management, procurement, production, storage and distribution to delivery goods to final consumers. Also read: Understanding Supply Chain Management, Process, Benefits for Business Supply Chain Functions Benefits of Supply Chain Activities illustration of supply chain activities.