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A network of organizations and business processes for procuring raw materials, transforming these materials into intermediate and finished products, and distributing the finished products to customers is called a(n): distribution channel. marketing channel. supply chain. information system. value chain.

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Bharathparasad577idn

(c)

Supply chain

  • It is the network between company and suppliers which is to be created to produce & distribute the particular product to final customer.
  • It is the sequence of all organizations, activities, technology, individuals and resources involved in creation (production) and sale (distribution) of a commodity.
  • It's main aim is to focus on coordinating among all the departments to improve efficiency, reduce cost, customer satisfaction.
  • Supply chain provides the centralized control
  • There primary functions are:
  1. Purchasing
  2. Manufacturing
  3. Inventory management
  4. Demand Planning
  5. Warehousing
  • Continuous model, fast model, efficient model etc are the types of supply chain.

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