ENTREPRENEURSHIP

Detailed explanation-1: -Expert-Verified Answer. A supply chain is made up of a series of processes that involve an input, a transformation, and an output. The process of modernising and making a company’s supply chain more digital is referred to as “supply chain transformation.” The success of a company depends on its supply chain operations.

Detailed explanation-2: -A supply chain includes all the raw materials and parts that are made into a product and distributed up the chain for manufacture and sale. In contrast, a value chain encompasses all the individual steps that are taken to create a marketable product.

Detailed explanation-3: -Quick definition: A supply chain is the sequence of processes involved in producing and distributing a commodity. Key takeaways: A supply chain is a series of processes that ensures merchants have products in the right place, at the right time, and in the right quantities.

Detailed explanation-4: -What are inputs? Inputs are any resources used to create goods and services. Examples of inputs include labor (workers’ time), fuel, materials, buildings, and equipment.