- A supply chain is a network of companies and people that are involved in the production and delivery of a product or service.
- The components of a supply chain include producers, vendors, warehouses, transportation companies, distribution centers, and retailers.
- The functions of a supply chain include product development, marketing, operations, distribution, finance, and customer service.
- Today, many supply chains are global in scale.
- Effective supply chain management results in lower costs and a faster production cycle.
