"What is Supply Chain ?" most basic question asked by the few people. First lets understand what is Supply Chain and then lets move forward to management. A supply chain is a network between a company and its suppliers to produce and distribute a specific product to the final buyer. So lets simplify it further and let me try to illustrate from the figure below L et's take the example of a customer walks into department Store to purchase beauty soap. The supply chain begins with the customer and his need for beauty soap. The next stage of this supply chain is the retail store where the customer visits. Store stocks its shelves using inventory that may have been supplied from a finished goods warehouse managed by a party (vendor) or received from third party (vendor). The vendor in turn is stocked by the manufacturer. The manufacturing plant receives raw material from a variety of suppliers who may themselves have been supplied by lower tier suppli...