Supply Chain Management : Meaning and Definition

Supply Chain is a set of interlinked tasked performed by different stakeholders while procuring input materials from vendors to produce finished goods and deliver the same finished products to end users on a timely manner. It offers competitve advantages to organization in modern days tech based business operations across the world market. During Covid lock down and social distancing norms , we have seen different innovation adopted by companies to tackle supply chain disruptions.

It can be defined as a process of supplying goods and services with efficiently and effective manner . Supply chain efficiencies will provide edge against competitors . There are various organizations in retail sector, manufacturing sector , FMCG sector etc. which are devising new features and dimensions in supply chain management and winning business outcomes across global marketplace.

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