This era has continued to develop into the 21st century with the expansion of Internet-based collaborative systems.
What is the 'Supply Chain'
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Supply chain activities involve the transformation of natural resources, raw materials, and components into a finished product that is delivered to the end customer. In sophisticated supply chain systems, used products may re-enter the supply chain at any point where . A supply chain is a network of entities and people that work directly and indirectly to move a good or service from production to the final consumer. In commerce, supply chain management (SCM), the management of the flow of goods and services, involves the movement and storage of raw materials, of work-in-process inventory, and of finished goods from point of origin to point of consumption.