Supply chain management is important to any business that produces and sells a product. It is basically the network of people and organizations that oversee and manage a good or product throughout every stage of its life. From sourcing, manufacturing, distribution, wholesale, and retail, every step from the birth of the product to the point where it reaches the consumer (and even beyond!) is part of the supply chain management cycle.
With proper supply chain management in place, businesses can find ways to operate more efficiently and cost effectively, improve their products, and also reduce their environmental impacts. This infographic makes it easy to understand supply chain management and why it’s so important.
Original source of infographic: Pivot International