Supply Chain By Maxim Achkasov www.english4real.com

Logistics

Supplier

Customer

Raw material

Wholesaler

Retailer / Retail outlet

Storage

Transportation

SCM Supply Chain Management

Procurement Finding or choosing suppliers, and then purchasing from them.

3PL Third-party logistics providers

Customs clearance

To keep track of

Be in transit

JIT process Just-In-Time

Manufacturer

Inventory

Truck

Place an order

Components

Warehouse / Stock

Streamlined