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A supply chain is a network of interconnected entities and activities involved in the creation and delivery of goods or services to end consumers. This complex system encompasses various stages, including sourcing raw materials, manufacturing, distribution, and ultimately reaching the end user. A well-managed supply chain strives for efficiency, cost-effectiveness, and responsiveness to market demands.

In a supply chain, each component, from suppliers to manufacturers to distributors, plays a crucial role in ensuring the seamless flow of products or services. Effective supply chain management involves strategic coordination, leveraging technology, and adopting best practices to optimize processes, reduce lead times, and enhance overall operational performance.

Learn more about Ivalua's Supply Chain Collaboration Solutions.