This process involves the planning, implementation and efficient storage of goods and services between the point of origin and the point of consumption to meet customer requirements
The supply chain is a system of institutions, people, technology, activities, information and resources required to transfer products or services from suppliers to customers. Supply chain activities transform natural resources, raw materials and components into the final product that is delivered to the end customer. Through sophisticated systems in the supply chain Supply used products may be able to re-enter the supply chain at any point where residual value is not recyclable. Supply chains are associated with chain value
Benefits to individual firms in the supply chain include:
1- Reducing real costs while maintaining the profit margin.
2- An incentive to remove waste from the process.
3- Greater certainty about transfer costs.
4- Provide better core value to the customer.
5- Repeat business with major clients.
