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Supply Chain : An Integrated Process

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A supply chain may be defined as an integrated process wherein a number of various business entities (i.e., suppliers, manufacturers, distributors, and retailers) work together in an effort to: (1) acquire raw materials, (2) convert these raw materials into specified final products, and (3) deliver these final products to retailers. This chain is traditionally characterized by a forward flow of materials and a backward flow of information. For years, researchers and practitioners have primarily investigated the various processes of the supply chain individually. Recently, however, there has been increasing attention placed on the performance, design, and analysis of the supply chain as a whole. From a practical standpoint, the supply chain …show more content…

The interested reader is referred to Federgruen (1993) and Bhatnagar, et. al. (1993) for comprehensive reviews of models of this type. More recent discussions of two-echelon models may be found in Diks, et. al. (1996) and van Houtum, et. al. (1996). The objectives of this paper are to: (1) provide a focused review of literature in the area of multi-stage supply chain design and analysis, and (2) develop a research agenda that may serve as a basis for future supply chain research. As specified over, a supply chainis a coordinated assembling procedure wherein raw materials are changed over into last items, then conveyed to clients. At its most abnormal amount, a supply chain is included two essential, incorporated procedures: (1) the Production Planning and Inventory Control Process, and (2) the Distribution and Logistics Process. These Processes, delineated beneath in Figure 1, give the essential system to the change and development of crude materials into last items.
A supply chain may be characterized as an incorporated procedure wherein various different business elements (i.e., suppliers, manufacturers, wholesalers, and retailers) cooperate with an end goal to: (1) procure crude materials, (2) change over these raw materials into indicated last items, and (3) convey these last items to retailers. This chain is generally described by a forward stream of materials and a

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