Supply Chaining

Jack Welch and Ethan Trieu

Definition

A supply chain is a system or organizations, people, activities, information, and recourses involved in moving a product or service from the supplier to the consumer.
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Significance

Supply Chaining makes it easier for business to globalize as they only have to be part of one part of supply chain and therefor only have to be good at one specific task as they work with other businesses that are responsible for other stages of the supply chain.

Drawbacks

Supply chaining means every product we buy goes through multiple business and each of those business must make a profit which means that buy the time the product gets to us it costs more. On the other side of that each of the business specialize on one job and are therefor good at it and can do it for less then a business that handles every step of the supply chain.
Jack Welch and Ethan Trieu