Managing a supply chain effectively

• What is a supply chain?

  Process of developing and providing goods
• Why might a supply chain involve other businesses?

  To rely on suppliers and shipping companies
• Which type of business might have a short supply chain?

  Local butcher's shop
• How does a long supply chain differ from a short supply chain?

  Long supply chains involve more businesses and processes
• What are the benefits of an effective supply chain?

  • Efficient and cost-effective processes with suppliers
  • Best price and value for goods and services
  • Reduced waste and costs for streamlined production
  • Increased consumer satisfaction and lower return rates
  • Overall success in achieving business objectives
• What can an ineffective supply chain cause?

  Late deliveries and unsatisfactory products
• How can an ineffective supply chain impact a business?

  It can affect the overall success of the business