Supply chain management, Mechanical Engineering

Supply Chain Management:

In this unit, you have learned that the supply chain is the network of autonomous and semi-autonomous business entities, which are include through upstream and downstream linkages in the distinct processes and activities that produce value in the form of physical products and services in the hands of the final customers. Its concept is significant as it provides a framework for the integration of material, finance and information of the enterprise, right through the suppliers to the customers. The benefits of supply-chain improvement may be harnessed by better integration of supply-chain in terms of material information and money flows.

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