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What is another word for supply chain?

Pronunciation: [səplˈa͡ɪ t͡ʃˈe͡ɪn] (IPA)

A supply chain is a system of organizations, people, activities, information, and resources involved in the movement of a product or service from the supplier to the customer. There are a number of synonyms for supply chain that can be used interchangeably, such as value chain, logistics network, distribution channel, procurement process, and inventory management. Each of these terms refers to a specific element of the overall supply chain process, with value chain focusing on the creation of value for the customer, logistics network referring specifically to transportation and storage of goods, distribution channel dealing with the mechanisms through which products are sold, procurement process emphasizing the acquisition of raw materials, and inventory management addressing the control and optimization of inventory levels.
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What are the hypernyms for Supply chain?

A hypernym is a word with a broad meaning that encompasses more specific words called hyponyms.

Famous quotes with Supply chain

  • Basically all the world's computer parts come from the same supply chain that runs from Korea, down through coastal China, over to Taiwan, and down to Malaysia.
    Thomas Friedman
  • supply chains cannot tolerate even 24 hours of disruption. So if you lose your place in the supply chain because of wild behavior you could lose a lot. It would be like pouring cement down one of your oil wells.
    Thomas Friedman
  • The Dell Theory of Conflict Prevention argues that no two countries that are both part of the same global supply chain will ever fight a war as long as they are each part of that supply chain.
    Thomas Friedman
  • But that's not enough: To maintain energy security, one needs a supply system that provides a buffer against shocks. It needs large, flexible markets. And it's important to acknowledge the fact that the entire energy supply chain needs to be protected.
    Daniel Yergin
  • Negative people run their life engine on the fuel supply of fake praises & false promises and thrive. A positive person can drive them off & out by just cutting down this supply chain pipeline.
    Anuj Somany

Related words: supply chain management, supply chain strategy, supply chain process, supply chain course, supply chain program, best supply chain software, what is the purpose of a supply chain, what is a supply chain system, how to make a supply chain more efficient, who invented the idea of the supply chain

Related questions:

  • What is the function of the supply chain?

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