MANAGEMENT

Detailed explanation-1: -Supply chain management refers to the coordination of activities and involved in making and moving a product. The supply chain is the network of businesses and business processes involved the creation and selling of a product, from suppliers that procure raw materials through retail outlets and customers.

Detailed explanation-2: -A supply chain is the network of all the individuals, organizations, resources, activities and technology involved in the creation and sale of a product. A supply chain encompasses everything from the delivery of source materials from the supplier to the manufacturer through to its eventual delivery to the end user.

Detailed explanation-3: -Supply Chain Cooperative Relationship means aligning the activities of two or more organizations in the supply chain to coordinate the supply of goods or services, creating a competitive advantage through improved service or efficiency improvements [1] .

Detailed explanation-4: -In all organizations, supply chain has many parties: suppliers’ suppliers, suppliers, manufacturers, wholesalers, retailers, customers and customers’ customers. Usually each supplier delivers different raw materials and supplies to customer company.

Detailed explanation-5: -The 5 stages of a supply chain process are planning, obtaining goods, producing, delivering, and returning. To streamline supply chain management and monitor inventory, businesses should use inventory administration software.