Supply Chain

Supply Chain Management refers to management of all of the functions, facilities and activities both within and external to a business organization, that make up a value chain. The sequence begins with basic suppliers of raw materials and extends all the way to the final customer. Facilities include warehouses, factories, processing centers, distribution centers, retail outlets and offices. Functions and activities include forecasting, purchasing, inventory management, information management, quality assurance, scheduling, production, distribution, delivery and customer service.