| Main Entry: | supply chain1 |
| Part of Speech: | n |
| Definition: | any sequence of processes involved in the production and distribution of a commodity |
| Main Entry: | supply chain2 |
| Part of Speech: | n |
| Definition: | the network of retailers, distributors, transporters, storage facilities and suppliers that participate in the sale, delivery and production of a particular product |
Supply Chain
The network created amongst different companies producing, handling, and/or distributing a specific product.
Investopedia Commentary
Supply chains include every company that comes into contact with a particular product. For example, the supply chain for most products will encompass all the companies manufacturing parts for the product, assembling it, delivering it and selling it.
Related Links
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See also: Inventory, Just In Time - JIT, Supply Chain Management