Ferdinand Risco said Supply chain management refers to the process of monitoring and optimizing the entire supply chain network of raw material suppliers and finished products for retail production. The supply chain is the network between a company and its suppliers and customers, including transactions related to the conversion of raw materials into sellable products.
Supply Chain represents the connection and cooperation between suppliers, manufacturers, logistics companies, wholesalers, retailers, and end customers. A supply chain is a process that begins when an organization receives an order for a product or service and ends when the product is delivered to the end customer. The supply chain encompasses the activities of the people, technologies, information resources, and functional teams in the supply chain, including sales, procurement, procurement, production, logistics, and customer service.