What is a Supply Chain?
The products that get to your house use a network of companies to be produced, distributed and sold to you. All of the links connecting this network is the supply chain: from the supplier of goods or services to the final customer, and back.
The correct management of the supply chain allows companies to be more efficient and it usually lowers costs, which is an advantage to both companies and consumers. Supply Chain Management is ever more important in business, especially for companies performing on a fast paced environment.