Supply Chain

Network of entities involved in the flow of goods or services.

supply chain management logistics network

A supply chain is a network of entities, processes, and activities involved in the flow of goods or services from supplier to customer. It encompasses everything from raw materials to manufacturing, distribution, and retail.

Pronunciation

/səˈplai ˌtʃeɪn/

Etymology

The term 'supply chain' originated in the 1980s to describe the integrated flow of materials and information.

Explain Like I’m 5

A supply chain is like a team that works together to get products from where they're made to you, including getting the materials and making sure everything runs smoothly.

Fun Facts

The term 'supply chain' was popularized in the 1980s
Modern supply chains can span multiple countries and continents
Disruptions like natural disasters or pandemics can significantly impact supply chains

FAQ

What is a supply chain? It's the process of getting goods or services from start to finish
Who is involved in a supply chain? It includes suppliers, manufacturers, distributors, retailers, and customers
Why are supply chains important? They ensure products reach consumers efficiently

Synonyms — Similar or Related Terms

logistics value chain

Hypernyms — Broader Categories

logistics business management

Hyponyms — Specific Examples

procurement warehousing transportation distribution

Meronyms — Parts or Components

suppliers manufacturers distributors retailers

Holonyms — Wholes or Groups

economy business

Indexes

business process economic concept

Built by Tim Jones