SCM-UNIT 3-Supply Chain Management

The entire process that is needed to get a product or service from its starting point to its completion.

• Supply Chain

• Distribution

• Retail

• Supplier

A company that your organization buys products or services from.

• Supplier

• Retailer

• Merchandiser

• Distributor

A company who buys products in bulk, and then sells them in smaller quantities to other companies.

• Distributor

• Retailer

• Merchandiser

• Supplier

A company who buys products in bulk, and then sells them to consumers.

• Retailer

• Distributor

• Merchandiser

• Supplier

An entity that transforms raw materials, components, or semi-finished products into finished goods using labor, machines, and processes, ultimately selling these products to other businesses or consumers

• Manufacturer

• Supplier

• Merchandiser

• Distributor

Partially finished goods that have moved beyond raw materials but are not yet complete, representing the costs of materials, labor, and overhead invested in them.

• Works in Progress

• Finished Goods

• Raw Materials

• Supplies

Encompasses all the activities, processes, and logistics involved in the movement, storage, and distribution of products that are fully manufactured and ready for sale or use by the end consumer.

• Finished Goods

• Works in Progress

• Supplies

• Raw Materials

A business owned and run by a single individual.

• Sole Proprietorship

• Cafe

• Partnership

• Corporation

A business that is jointly owned by two or more persons. 

• Partnership

• Corporation

• Proprietorship

• Cafe

This form of business organization is recognized by law as a separate legal entity.

• Charter

• Limited Liability

• Corporation

• Sole Proprietorship