Supply chain
A supply chain is a network of companies, people, activities, information, and resources involved in the production and delivery of a product or service.
What is a supply chain?
The supply chain is the interconnected network of organizations, resources, activities, and technologies involved in producing, distributing, and delivering goods and services from suppliers to end consumers. It includes all the steps and processes required to transform raw materials into finished products and make them available to customers.
How to improve supply chain processes?
- To improve supply chain processes and enhance visibility through advanced technologies like analytics and RFID tagging.
- Streamline communication with stakeholders using cloud-based platforms and collaboration tools.
- Optimize inventory management through just-in-time principles and demand forecasting—leverage supply chain analytics to gain insights and make data-driven decisions.
- Build strong supplier relationships, invest in technology, and prioritize continuous improvement.
If you want more information about improving your supply chain, read our blog post.