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In short, supply chain involves all activities required by an organization to deliver a finished good or service to the final consumer,
It makes sure that converting raw materials or a product's components to a finished product or service, is made within the most efficient way, at the lowest cost, and while meeting if not surpassing the consumer's expectations.
Yes, Procurement is an activity of the supply chain. The supply chain is a broader term and it includes many activities like transportation, warehousing, logistics, purchasing, procurements and software management for supply chains like CRM and supplier management etc.
