- Definition: A system of organizations, people, activities, information, and resources.
- Involved in moving a product or service from supplier to customer.
- Transforms natural resources, raw materials, components into finished product.
- Functioning in Agriculture/Food Processing:
- Begins with the farmer (raw material supplier).
- Moves through processors, wholesalers/distributors.
- Ends with retailers and the end customer.
- Involves constant flow of information, product, and funds.
- Includes logistics management, manufacturing, channel partners.