Supply Chain includes all activities and processes to procure all the raw materials from all the suppliers and deliver the end-products or services to the final consumers. Often it includes more than one company in whole chain including the suppliers, distributors etc.
Basic Features of Supply Chain
The supply chain is the series of links and shared processes that exist between suppliers and customers.
Any number of companies can be linked in the supply chain.
These links and processes involve all activities from the acquisition of raw materials to the delivery of finished goods to the end consumer.
While the distribution system can be direct from supplier to customer, depending on the products and markets, it can contain a number of distributors such as wholesalers, warehouses, and retailers.
Raw materials enter into a manufacturing organization via a supply system and are transformed into finished goods.
The finished goods are then supplied to consumers through a distribution system. Generally, several companies are linked together in this process, each adding value to the product as it moves through the supply chain.