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What is Supply Chain?

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What is Supply Chain?

A supply chain is a network of suppliers, individuals, technology, organisation, activities, and resources of a business for delivering a product or service. All of these entities are involved in the manufacturing, selling, and delivering the end product to the consumer.

The supply chain process involves all logistical processes that aids in sourcing, procuring and converting raw materials into finished good and delivering it to the end users.

Supply Chain Management (SCM) is thus explained as the management of a supply chain to increase its operational excellence and improve customer value.

With Supply Chain Finance up to Rs.30 lakh from Bajaj Finserv, your SME business can solve for cash flow problems, fund blocked payments from debtors, take up a bulk or a new order and ensure smooth functioning of your business.

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