Supply Chain

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The path of linked organizations involved in the process of transforming original or raw materials into a finished product that is delivered to a customer. An interruption of the supply chain can cause a termination of the production of the final product immediately or this effect might not be noticed until the materials already in transit across the supply chain are exhausted.

Supply Chain (Wikipedia)

A supply chain is a complex logistics system that consists of facilities that convert raw materials into finished products which are later distributed to end consumers or end customers. Meanwhile, supply chain management deals with the flow of goods within the supply chain in the most efficient manner.

Supply and demand stacked in a conceptual chain.

In sophisticated supply chain systems, used products may re-enter the supply chain at any point where residual value is recyclable. Supply chains link value chains. Suppliers in a supply chain are often ranked by "tier", with first-tier suppliers supplying directly to the client, second-tier suppliers supplying to the first tier, and so on.

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