The major partners of the supply chain are the suppliers, the organization and the consumers and any other partners involved in the business transactions (like banks, middlemen, etc.). Supply chain refers t the complex network of relationships that organizations maintain with trading partners to procure manufacture and deliver products or services. Supply chain encompasses the facilities where raw materials, intermediate products and finished goods are acquired, transformed, stored and sold.
These facilities are connected by transportation links along which materials and products flow. Supply chain consists of many companies, individuals and institutions. Supply chain management is the coordination of material, information and financial flows between and among all the participants.
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