A supply network is a pattern of temporal and spatial processes carried out at facility nodes and over distribution links, which adds value for customers through the manufacture and delivery of products. It comprises the general state of business affairs in which all kinds of material (work-in-process material as well as finished products) are transformed and moved between various value-add points to maximize the value added for customers. For alternate uses of time, see Time (disambiguation) or see TIME (magazine). ... The word space has many meanings, including: Physics The definition of space in physics is contentious. ... In telecommunication, the term facility has the following meanings: 1. ... A customer is someone who purchases or rents something from an individual or organisation. ... Value-add, usually referred to as value-added, is the increase in value or price of a product due to a modification of the product or its marketing in some way. ...
A supply chain is a special instance of a supply network in which raw materials, intermediate materials and finished goods are procured exclusively as products through a chain of processes that supply one another. Jump to: navigation, search A supply chain is a network of facilities and distribution options that performs the functions of procurement of materials, transformation of these material into intermediate and finished products, and distribution of these finished products to customers. ... material is the substance or matter from which something is or can be made, or also items needed for doing or creating something. ... In chemistry a reactive intermediate is a short-lived high energy highly reactive molecule. ... Good. ...
In the semiconductors industry, for example, work-in-process moves from fabrication to assembly, and then to the test house. The term "supply network" refers to the high-tech phenomenon of contract manufacturing where original equipment manufacturers (OEMs) don't touch the product. Instead, the OEMs coordinate with contract manufacturers and component suppliers who shipped components to OEMs. This business practice requires the OEMs to stay in touch with multiple parties or "network" at once.
Categories: Distribution, retailing, and wholesaling
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