Key definitions:
v According
to Wikipedia, “The supply chain is a
system of organizations, people, technology, activities, information and
resources involved in moving a product or service from suppliers to customers”.
v “A
supply chain is the alignment of firms
that brings products and services to market” by Lambert, Stock, Ellaram
v “A
supply chain consists of all stages involved directly or indirectly in
fulfilling customer requests. The supply chain not only includes the
manufacturers and suppliers, but also transporters, warehouses, retailers and
customer themselves”. – Sunil Chopra and Peter Meindl.
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