GENERAL KNOWLEDGE

Detailed explanation-1: -A supply chain is a network of individuals and companies who are involved in creating a product and delivering it to the consumer. Links on the chain begin with the producers of the raw materials and end when the van delivers the finished product to the end user.

Detailed explanation-2: -Integration, operations, purchasing and distribution are the four elements of the supply chain that work together to establish a path to competition that is both cost-effective and competitive.

Detailed explanation-3: -A distribution channel represents a chain of businesses or intermediaries through which the final buyer purchases a good or service. Distribution channels include wholesalers, retailers, distributors, and the Internet. In a direct distribution channel, the manufacturer sells directly to the consumer.

Detailed explanation-4: -In the manufacturing industry in particular, effective supply chain management ensures that the necessary raw materials arrive at the production sites on time. Production can grind to a halt, with assembly lines lying dormant and the workforce inactive, if the raw materials are consistently arriving late.