Definition, Meaning & Synonyms

supply-chain

noun

/səˈplaɪ ˌtʃeɪn/

Definition

The system of organizations, people, activities, information, and resources involved in supplying a product or service to a consumer.

Examples

The supply chain for electronics has become increasingly complex due to globalization.
Efficient supply chain management can significantly reduce costs and improve service delivery.
Many companies are investing in technology to streamline their supply chain operations.

Meaning

Supply chain refers to the entire network of production, processing, and distribution of goods, incorporating every step from raw materials to final delivery to the customer.