Understand the concept of a supply chain Preview

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Marketing - This is a management process where goods, products and services are moved from being a concept through to reality for the customer. Within marketing there are generally four processes known as the four Ps.
1. The Product identification, selection and development,
2. The determined Price of the product,
3. The selection process of distributing the product to the Place of the customer,
4. The Promotional development and implementation strategy.
Operations - Operations management involves the activities, decisions and responsibilities of managing the resources that are dedicated to producing and delivering products and services.
Distribution - Distribution is the movement of goods and services from the original source to completion to the final customer with the flow of payment in the opposite direction to the original supplier.
Finance - Finance within the supply chain generally involves using technology in order to automate transactions to track the approval of invoices and settlement processes from initiation to completion. This has largely been driven by increased globalisation and supply chains becoming more complex.