Definition
Supply chain management involves the coordination and optimization of the flow of goods, services, information, and finances from the point of origin to the point of consumption. It includes activities such as sourcing, production, warehousing, transportation, and distribution, with the goal of delivering value to customers while minimizing costs and maximizing efficiency throughout the supply chain network.
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Private Limited Company (Ltd)
A Private Limited Company (Ltd) is a type of company where the ownership is divided into shares held by a small number of shareholders. The liability of shareholders is limited to the amount unpaid on their shares, and the company’s shares cannot be traded publicly on the stock exchange.
Limited Liability Partnership (LLP)
A Limited Liability Partnership (LLP) is a business structure where partners have limited personal liability for the debts and obligations of the partnership. Each partner’s liability is limited to their investment in the LLP, and they are protected from the actions of other partners.