Supply chain represents the phases through which suppliers provide raw materials to manufacturers, who then manufacture the product which go via the distributors to finally reach the customers. Start studying supply chain management - exam 1 learn vocabulary, terms, and more with flashcards, games, and other study tools. As the world has gotten flatter and supply chains have gotten longer, the need for companies to follow best practices in global supply chain management has intensified. Supply chain meaning: 1 the system of people and things that are involved in getting a product from the place where it is made to the person who buys it2 the system of people and organizations that are involved in getting a product from the place where it is made to customers:. Definition of supply chain supply chain is a connection of all the parties, resources, businesses and activities involved in the marketing or distribution through which a product reaches the end user.
Supply chain finance, also known as supplier finance or reverse factoring, is a set of solutions that optimizes cash flow by allowing businesses to lengthen their payment terms to their suppliers while providing the option for their large and sme suppliers to get paid early. Definition of supply chain: the network of retailers, distributors, transporters, storage facilities and suppliers that participate in the sale. Inbound logistics' glossary of transportation, logistics, supply chain, and international trade terms can help you navigate through confusion and get to the meaning behind industry jargon. Definition of supply chain - the sequence of processes involved in the production and distribution of a commodity.
A supply chain is a system of organizations, people, activities, information, and resources involved in moving a product or service from supplier to customer. This first edition of the standard definitions for techniques of supply chain finance articulates the 'master' definition for supply chain finance and includes definitions for the eight identified core techniques. Its definition and brief introduction a supply chain is a global network, used to deliver products and services, from raw materials to end customers through an engineered flow of information.
Supply chain integration is a close alignment and coordination within a supply chain a supply chain refers to everything required to produce a product from raw materials, to manufacturing. Supply chain definition: nounthe sequence or system of organizations or operations that work together to design, produce, and deliver a product or service to a market, extending from the extraction of raw materials to the distribution of finished products. Department of industrial engineering supply chains: definitions & basic concepts jayant rajgopal, phd, pe department of industrial engineering university of pittsburgh.
Define supply chain (noun) and get synonyms what is supply chain (noun) supply chain (noun) meaning, pronunciation and more by macmillan dictionary. Like many complex disciplines, third party logistics is a field that has developed its own unique vocabulary throughout the ages to have any chance at improving the efficiency of a supply chain, you must first be able to speak the language. Supply chain management is the management of the flow of goods and services as well as overseeing the processes that convert original materials into final products.
Chain definition is - a series of usually metal links or rings connected to or fitted into one another and used for various purposes (such as support, restraint. A supply chain is the process of moving goods from the customer order through the raw materials stage, supply, production, and distribution of products to the customer all organizations have supply chains of varying degrees, depending upon the size of the organization and the type of product manufactured.
Three main perspectives of definitions describing the concept of supply chain vulnerability can be distinguished within the contemporary literature: definitions are either identical to the definition of supply chain risk, or they relate to the extent of supply chain exposure or they refer to characteristics of the underlying supply chain. A brief guide to supply chain control towers - what they are, what they do, and why they are needed in your supply chain. Browse definition and supply chain disruption content selected by the supply chain brief community. Based on our definitions of supply chain efficiency vs supply chain effectiveness, this strategy was efficient in that it met internal company needs for a lean supply chain, yet not effective due to its negative impacts on customers and other stakeholders.