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Beer distribution game
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==Supply chain== A [[supply chain]] is a network between a company and its suppliers to produce and distribute a specific product to the final buyer. This network includes different activities, people, entities, information, and resources. The supply chain also represents the steps it takes to get the product or service from its original state to the customer. Supply chains are developed by companies so they can reduce their costs and remain competitive in the business landscape. It is important to understand how to manage the supply chain in the right way. Supply chain management (SCM) is the management of the flow of goods and services and includes all processes that transform raw materials into final products. It involves the active streamlining of a business's supply-side activities to maximize customer value and gain a competitive advantage in the marketplace. SCM represents an effort by suppliers to develop and implement supply chains that are as efficient and economical as possible. Supply chains cover everything from production to product development to the information systems needed to direct these undertakings.<ref>{{Cite web |title=How Supply Chains Work |url=https://www.investopedia.com/terms/s/supplychain.asp |last=Kenton |first=Will |website=Investopedia |language=en |access-date=2020-05-30}}</ref> Typically, SCM attempts to centrally control or link the production, shipment, and distribution of a product. By managing the supply chain, companies are able to cut excess costs and deliver products to the consumer faster. This is done by keeping tighter control of internal inventories, internal production, distribution, sales, and the inventories of company vendors. SCM is based on the idea that nearly every product that comes to market results from the efforts of various organizations that make up a supply chain. Although supply chains have existed for ages, most companies have only recently paid attention to them as a value-add to their operation.<ref>{{Cite web |title=Supply Chain Management (SCM): What You Need to Know |url=https://www.investopedia.com/terms/s/scm.asp |last=Hayes |first=Adam |website=Investopedia |language=en |access-date=2020-05-30}}</ref>
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