The Use of Third-Party Supply Chain Service Providers
A supply chain can be referred to as the network between a company and its suppliers so as to develop and distribute a particular product to the ultimate consumer. Such a network comprises a variety of entities, people, resources, and activities. The steps taken to get any product from its original state to the consumer are also included under the supply chain. The tasks related to transforming raw materials into finished goods, transporting them, and ultimately ensuring their proper distribution, all of it is part of the supply chain process. Owing to the multiple types of tasks coming under the supply chain, there are several entities involved in the network as well. This includes manufactures, vendors, transportation companies, warehouses, distribution centres, and retailers. Having a systematic supply chain solution in place is vital for companies to remain competitive and keep their costs in control. An optimized supply chain can result in a faster production and ...