Production: Production refers to the process of creating goods or services through the transformation of raw materials, labor, and other inputs. It involves the organized and systematic conversion of inputs into finished products or services that meet specified standards and requirements.
Vendor: A vendor is a person or business entity that sells goods or services to others. Vendors can be suppliers of raw materials, components, or finished products. They play a crucial role in the supply chain by providing the necessary resources for production or the final product for resale.
Transportation: Transportation involves the movement of goods, people, or information from one place to another. In a business context, transportation is a key component of the supply chain, ensuring the efficient and timely transfer of goods between production facilities, vendors, distribution centers, and end consumers. It encompasses various modes such as road, rail, air, sea, and even digital channels.