What is a supply chain process?

Supply chain management is the process of managing the materials and information related to a product, from the point it is produced, until it reaches the end user. The term supply chain can also be used in logistics, which is a related field that deals with the overall transportation of goods. Different metrics are available to measure supply chain performance, including inventory turns, cost of goods sold per unit, and cost per unit of inventory turns. Supply chain strategy seeks to optimize both efficiency and profitability by analyzing key metrics that affect supply chain performance in order to achieve desired business outcomes, such as enhanced service and reduced costs.