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Supply chain

Procurement glossary
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What is supply chain?

A system of organizations, suppliers, and resources involved in producing and delivering a product or service from the initial supplier to the end customer. The supply chain covers each stage of the process, including sourcing, production, transportation, and distribution to ensure goods reach consumers efficiently. It also includes the coordination of information, finances, and logistics across all participants to balance supply and demand, reduce costs, and maintain product quality throughout the entire flow of goods.

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