Key Stages of a Healthy Supply Chain
A supply chain is a series of links between companies and suppliers for the purpose of producing and distributing a product to a final buyer. This network of links includes various entities such as manufacturers, producers, warehouses, logistics services, distribution centers and retailers. When it comes to supply chain management, a healthy supply chain helps get a product successfully and profitably from the planning phases to the end user in a reasonable amount of time. Healthy supply chains help reduce costs for companies as well as help them stay competitive in the marketplace.
These five stages of a supply chain outline the basics of what it takes to transform raw materials into finished products successfully and profitably.