WHAT IS SUPPLY CHAIN

A supply chain is the network of organizations, people, activities, information, and resources involved in producing and distributing a product or service. It includes everything that is involved in the production and distribution of goods, from raw materials to the finished product, and includes the transportation, storage, and distribution of those goods. The goal of a supply chain is to get the right product to the right place at the right time as efficiently and cost-effectively as possible.Supply chains are important because they help to ensure that the goods and services that a company provides are produced and delivered in a timely and cost-effective manner. They also help to ensure that a company has access to the raw materials and other resources it needs to produce its products. By optimizing the supply chain, a company can reduce costs, improve efficiency, and better serve its customers. In addition, an effective supply chain can provide a competitive advantage for a company by allowing it to respond quickly to changes in demand and to take advantage of new opportunities.