supply chain
the network producing and delivering a product
In more detail
1. (noun) the sequence of businesses and processes involved in producing and delivering a product from raw materials to the final customer
2. (noun) the network of suppliers, manufacturers, distributors, and retailers that work together to get goods to consumers
Examples
- 1. The pandemic disrupted many global supply chains, causing shortages of goods.
- 2. Companies work to make their supply chains more efficient and sustainable.
How to use supply chain
Supply chain is primarily a business and economics term used to describe the entire journey a product takes from creation to consumer. It emphasizes the interconnected network of organizations and processes rather than just physical movement of goods. The term is used in both strategic planning contexts and when discussing problems like disruptions or inefficiencies.
Common phrases
- supply chain management
- supply chain disruption
- supply chain resilience
- global supply chain
- optimize the supply chain
- supply chain partner
Synonyms
logistics network · distribution network · value chain · production pipeline · procurement network
Word family
supply · chain
A common mistake
Learners sometimes use 'supply chain' to refer only to the transportation phase, when it actually encompasses all upstream production, procurement, and manufacturing as well.
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