supply chain

/ˈsʌplaɪ ˈtʃeɪn/
noun phrase★Intermediate
💼Business
technical

A system of organizations, people, activities, information, and resources involved in moving a product or service from supplier to customer.

Disruptions in the supply chain caused delays in product delivery.

Problems in the network of suppliers and distributors led to late shipments.

💡

Includes all processes that transform raw materials into final products delivered to end users.

Collocations

supply chain managementthe process of planning, controlling, and executing supply chain activitiessupply chain disruptionan event that interrupts the normal flow of goods or servicessupply chain optimizationimproving the efficiency and effectiveness of the supply chain

Synonyms

Related Phrases

just-in-time supply chainphrase
a system where materials are received just as they are needed in the production process
global supply chainphrase
a network that spans multiple countries and continents

💡Pro Tip

Understanding the Supply Chain

Think of a supply chain as a pipeline that connects suppliers, manufacturers, warehouses, and retailers to deliver products to customers efficiently.

⚡Gold Rule

Efficiency Matters

A well-managed supply chain reduces costs, improves delivery times, and enhances customer satisfaction.

📖Word Origin

Coined in the 1980s in business and logistics contexts, combining 'supply' (from Old French 'supplier') and 'chain' (from Old English 'cæne').

📝Usage Notes

Often used in business, logistics, and economics to describe the flow of goods and services from production to consumption.

Word Breakdown

supply
the provision of goods or services
root
+
chain
a connected series of events or processes
root
English Dictionary