Key Points:

1. A supply chain generates value in the form of physical products and services in the hand of final customers.

2. A supply chain is a network of facilities and distribution options that

    o procures materials from suppliers,

    o  transforms these materials into products, and

    o Distributes these finished products to customers.

3. SCM is the integrated process of managing these value-chain activities

4. SCM systems carry out the transactions and manage the data needed to complete these activities.