This image depicts the Global Supply Chain Diagram, which explains supply chain management. A global supply chain makes use of low-cost country sourcing, which refers to the purchase of goods and services from countries with lower labor rates and lower production costs than the home country. A supply chain is a step-by-step process by which an organization converts raw materials into finished sellable products. A supply chain diagram, which includes information about raw materials, methods, knowledge, and other vital activities, can easily explain the concept. This Global Supply Chain Diagram depicts four important stages: supplier, manufacturer, retailer, and end-user.
