The supply chain in a market leads to increase of prices as it goes on Use ar example to discuss this statement.
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A supply chain is a network between a company and its suppliers to produce and distribute a specific product to the final buyer. This network includes different activities, people, entities, information, and resources. The supply chain also represents the steps it takes to get the product or service from its original state to the customer.
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Supply chain management (SCM)refers to the oversight and control of all the activities required for a company to convert raw materials into finished products that are then sold to end-users. SCM provides centralized control for the planning, design, manufacturing, inventory, and distribution phases required to produce and sell a company's products.
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