Definition

supply chain (SC)

Part of the Business terms glossary:

A supply chain is the network of all the individuals, organizations, resources, activities and technology involved in the creation and sale of a product, from the delivery of source materials from the supplier to the manufacturer, through to its eventual delivery to the end user. The supply chain segment involved with getting the finished product from the manufacturer to the consumer is known as the distribution channel.

Supply chain management (SCM) is the oversight of materials, information, and finances as they move in a process from supplier to manufacturer to wholesaler to retailer to consumer. The three main flows of the supply chain are the product flow, the information flow and the finances flow. SCM involves coordinating and integrating these flows both within and among companies.

See a video exploring the complex supply chain behind a plastic water bottle:

 

See also: supply chain planning (SCP), supply chain execution (SCE), supply chain visibility (SCV), supply chain sustainability

This was last updated in March 2013
Contributor(s): Ivy Wigmore
Posted by: Margaret Rouse

Related Terms

Definitions

  • crossfunctional (cross-functional)

    - Crossfunctional is a term that refers to efforts that span various departments or tasks in an organization, with an eye toward accomplishing a common goal. (SearchCIO.com)

  • IT asset lifecycle

    - The IT asset lifecycle is the stages that an organization’s information technology asset goes through during the time span of its ownership. An IT asset is any company-owned information, software o... (WhatIs.com)

  • cultural fit

    - Cultural fit is the likelihood that a job candidate will be able to conform and adapt to the core values and collective behaviors that make up an organization. (SearchCIO.com)

Glossaries

  • Business terms

    - Terms related to business, including definitions about project management and words and phrases about human resources, finance and vertical industries.

  • Internet applications

    - This WhatIs.com glossary contains terms related to Internet applications, including definitions about Software as a Service (SaaS) delivery models and words and phrases about web sites, e-commerce ...

Ask a Question. Find an Answer.Powered by ITKnowledgeExchange.com

Ask An IT Question

Get answers from your peers on your most technical challenges

Ask Question

Tech TalkComment

Share
Comments

    Results

    Contribute to the conversation

    All fields are required. Comments will appear at the bottom of the article.