1. Supply Chain : A supply chain is the entire network of businesss involved in providing goods or service to customer. SC involves all the processes related to the creation, storage, and movement of a product.
Ex) The supply chain for gasoline begins with extracting oil from the ground and ends with the gas sold at the pump.
2. Logistics : Logistics is the process of managing the flow and storage of materials, goods, information and capital. Good planning and communication is essential to good logisitcs.
Ex) Our logistics dept has a sophisticated system for tracking materials through the supply chain.
3. Shipping : Shipping is the movement of goods and cargo, either by land, air and sea.
Ex) We offer customers different shipping option, with different delivery speeds and costs.
4. Supplier : A supplier is a business that provides goods or services to other businesses in a supply chain. A manufacturer usually relies on several, or even hundreds, of different suppliers.
Ex) Gorman Motors is looking fotr a new supplier for the electrical components of its trucks.
5. Materials : Materials are the physical items that a supplier provides to other businesses. These materials could be raw resources, such as oil, or manufactured parts, such as computer chips.
Ex) The high cost of materials has slowed down the construction sector in the past few years.
6. Manufacturer : A manufacturer uses machines, tools, and labor to transform materials into goods. The goods might be for use by consumers or as parts of a more complex product.
Ex) Boeing is one of the largest manufacturer of airplanes in the world.
7. Distributor : A distributor buys products from manufacturers and then resells them to retailers. A distributor is like a middle man between the producers and the consumers
Ex) The Canadian paper company found a European distributor for their specialty products.
8. Retailer : A retailer is a business that sells products directly to customers or end-users.
Ex) Traditional retailers are complaining about online retailers stealing their customers.
9. Consumer : A consumer is the one who uses a good or service that has been produced. Consumer are final link in the supply chain. After the economic crisis, consumers showed a lack of donfidence by saving rather than spending.
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