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- The supply chain from manufacturer to retailer involves the following steps12:
- Planning the inventory and manufacturing processes to ensure supply and demand are adequately balanced.
- Manufacturing or sourcing materials needed to create the final product.
- Assembling parts and testing the product.
- Packaging the product for shipment or holding in inventory until a later date.
- Transporting and delivering the finished product to the distributor, retailer, or consumer.
- Procurement and manufacturing: sourcing raw materials, manufacturing, and production processes.
- Distribution: transporting products from the production facilities to distribution centers, wholesalers, and retailers.
- Retail: where the product reaches the end consumer.
Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.The key steps in a supply chain include:
- Planning the inventory and manufacturing processes to ensure supply and demand are adequately balanced.
- Manufacturing or sourcing materials needed to create the final product.
www.investopedia.com/terms/s/supplychain.aspUnderstanding The Retail Supply Chain
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