Question

Write short note on significance of supply chain

Answer 1

supply chain is a system of organizations, people, activities, information, and resources involved in moving a product or service from supplier to customer. Supply chain activities involve the transformation of natural resources, raw materials, and components into a finished product that is delivered to the end customer.  In sophisticated supply chain systems, used products may re-enter the supply chain at any point where residual valueis recyclable. Supply chains link value chains.[