supply-chain management

supply-chain management definition - business

supply-chain management

Developing, administering, and improving the reliability and efficiency with which a business acquires the factors of production. For example, a firm works with suppliers to schedule deliveries during slack periods when employees are not busy with other tasks.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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