supply chain (/səˈplaɪ tʃeɪn/)
noun · Advanced · Work & Business
🔊 /səˈplaɪ tʃeɪn/
Meaning
Meaning: system of producing and delivering goods
The whole system of people, companies, and steps involved in making a product and getting it to the customer.
Examples
🗣 Problems in the global supply chain delayed deliveries and raised prices for many everyday goods.
Etymology
A compound of ‘supply’ and ‘chain’, describing the linked steps from production to delivery.
How & Where It’s Used
A key term in modern business and economics.
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Tags: business, logistics