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Home > QFINANCE Dictionary > Definition of supply chain

Definition of

supply chain

General Management

network of firms involved in production process the network of manufacturers, wholesalers, distributors, and retailers, who turn raw materials into finished goods and services and deliver them to consumers. Supply chains are increasingly being seen as integrated entities, and closer relationships between the organizations throughout the chain can bring competitive advantage, reduce costs, and help to maintain a loyal customer base.

Recommended Further Reading (Term count)

Definitions of ’supply chain’ and meaning of ’supply chain’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’supply chain’ and other financial terms with our online QFINANCE Financial Dictionary.

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