organizations are linked in a supply chain by the exchange or flow of
goods and services
title: Supply chain text: Supply chain A supply chain is a system of organizations, people, activities, information, and resources involved in moving a product or service from supplier to customer. Supply chain activities involve the transformation of natural resources, raw materials, and components into a finished product that is delivered to the end customer. In sophisticated supply chain systems, used products may re-enter the supply chain at any point where residual value is recyclable. Supply chains link value chains. The Council of Supply Chain Management Professionals (CSCMP) defines supply chain management as follows: A typical supply chain begins with the ecological, biological, and political title: Supply chain network text: are typically structured with five key areas: external suppliers, production centres, distribution centres (DCs), demand zones, and transportation assets All organisations can purchase the components to build a supply chain network, it is the collection of physical locations, transportation vehicles and supporting systems through which the products and services firm markets are managed and ultimately delivered. Physical locations included in a supply chain network can be manufacturing plants, storage warehouses, carrier crossdocks, major distribution centres, ports, intermodal terminals whether owned by a company, suppliers, a transport carrier, a third-party logistics provider, a retail store or an end customer. Transportation modes title: Supply chain network text: Supply chain network A Supply Chain Network (SCN) is an evolution of the basic supply chain. Due to rapid technological advancement, organisations with a basic supply chain can develop this chain into a more complex structure involving a higher level of interdependence and connectivity between more organisations, this constitutes a supply chain network. Businesses are often part of a larger network of organisations, a supply chain network can be used to highlight interactions between organisations; they can also be used to show the flow of information and materials across organisations. Supply chain networks are now more global than ever and title: Supply chain collaboration text: Supply chain collaboration In supply chain management, supply chain collaboration is defined as two or more autonomous firms working jointly to plan and execute supply chain operations. It can deliver substantial benefits and advantages to its partners. It has been known as a cooperative strategy when one or more companies or business units work together to create mutual benefits. There are two main types of supply chain collaboration, vertical collaboration and horizontal collaboration. Vertical collaboration is the collaboration when two or more organizations from different levels or stages in supply chain share their responsibilities, resources, and performance information to serve title: Supply-chain management text: Supply-chain management In commerce, supply-chain management (SCM), the management of the flow of goods and services, involves the movement and storage of raw materials, of work-in-process inventory, and of finished goods from point of origin to point of consumption. Interconnected or interlinked networks, channels and node businesses combine in the provision of products and services required by end customers in a supply chain. Supply-chain management has been defined as the "design, planning, execution, control, and monitoring of supply-chain activities with the objective of creating net value, building a competitive infrastructure, leveraging worldwide logistics, synchronizing supply with demand and measuring performance