• A supply chain is a network of companies and people who are involved in the production and delivery of a product or service.

  • Supply chain components include manufacturers, merchants, warehouses, transport companies, distribution centers and retailers.
  • Supply chain functions include product development, marketing, operations, distribution, finance, and customer service.
  • Today, many supply chains are global in scope.
  • Efficient supply chain management results in lower costs and faster turnaround times.