Supply Chain Security
Supply Chain Security refers to the measures and practices designed to protect the integrity and reliability of a supply chain. This includes safeguarding the flow of goods, information, and finances from potential threats such as theft, fraud, or disruptions. Effective supply chain security ensures that products reach their destination safely and on time, maintaining trust among all parties involved.
Key components of supply chain security include risk assessment, monitoring, and collaboration among stakeholders. Organizations often implement technologies like blockchain and RFID to enhance visibility and traceability. By addressing vulnerabilities, businesses can minimize risks and ensure a more resilient supply chain.