Define the Meaning of the Term Supply Chain and Logistics. What does it Actually Mean?

Supply Chain
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A supply chain is a series of activities, resources, organizations, people, and information involved in the movement of goods and services to the customer from a supplier. This process involves the transformation of a raw material into a finished good that is delivered to the customer as an end product.
A supply chain begins with the biological, political and ecological regulation of natural resources. The resources are then extracted by humans in several production links including product construction, assembly, and product merging. It then goes to several layers of storage facilities that lead to a decrease in the size of the product(overall stock got from a supplier) before reaching the consumer who is the end user of the product. Most of the exchanges found in...