What are the five major parts of supply chains at a high level?

The correct answer outlines the five major components of supply chains in a widely accepted framework known as the SCOR model (Supply Chain Operations Reference model). This model emphasizes the core activities involved in managing supply chains efficiently and effectively.

• Plan: This component involves activities that include forecasting demand, planning resources, and preparing for the best way to meet customer needs while optimizing resources.

• Source: This refers to the processes necessary to procure goods and services needed for production. Effective sourcing ensures that the materials are available in the right quantities at the right time.

• Make: Often referred to as "Manufacture" in other contexts, this element encompasses the processes involved in transforming raw materials into finished products. This includes production scheduling, execution, and quality control.

• Deliver: This part covers the logistics involved in transporting products to customers. It focuses on order fulfillment and ensuring that items reach their destination in an efficient manner.

• Return: The return process deals with the handling of returned goods, including defective products and the disposition of excess inventory.

Each of these components plays a crucial role in the seamless functioning of a supply chain, from initial planning through to returns management. This structured overview helps organizations align their operations, improve performance