Supply Chain & Logistics Management Antim Prahar 2026

1. Define Supply Chain. Explain its concepts, objectives, and importance in modern business organizations.

•Supply Chain

•Definition:
A Supply Chain is a network of organizations, people, activities, information, and resources involved in the production and delivery of a product or service from the source of raw materials to the final consumer. It includes all processes related to procurement, manufacturing, storage, distribution, and logistics.