English · Work & Business
supply chain
/səˈplaɪ tʃeɪn/
[/səˈplaɪ tʃeɪn/]
system of producing and delivering goods
Advancednoun
Definition
The whole system of people, companies, and steps involved in making a product and getting it to the customer.
Example
Problems in the global supply chain delayed deliveries and raised prices for many everyday goods.
Problems in the global supply chain delayed deliveries and raised prices for many everyday goods.
Etymology
A compound of 'supply' and 'chain', describing the linked steps from production to delivery.
How & Where It’s Used
A key term in modern business and economics.