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A Supply Chain is a network of suppliers, manufacturers and retailers along with intermediaries including brokers, warehouses, freight companies, etc. which work in tandem to complete the manufacture-sale-delivery cycle. Supply chain begins with the procurement of raw materials by a manufacturer and culminates in the sale and delivery of the product or service to the end user. A more efficient and streamlined supply chain can help organizations to minimize costs, maximize customer value and achieve a sustainable competitive advantage over their rivals.
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