Supply chains encompass the companies and the business activitiesneeded to design, make, deliver, and use a product or service.
Businesses depend on their supply chains to provide them with what they need to survive and thrive. Every business fits into one or more supply chains and has a role to play in each ofthem.
Supply chain management is the coordination of production,inventory, location, and transportation among the participants in a supply chain to achieve the best mix of responsivenessand efficiency for the market being served.
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