birgðakeðjunni
Birgðakeðjunni is the definite form of the Icelandic term birgðakeðja, commonly translated as the supply chain. It refers to the network of organizations, activities, information, and resources involved in provisioning goods and services from suppliers to end users, including procurement, production, distribution, and logistics. The concept also encompasses the systems and processes that coordinate these activities, as well as related risks and resilience considerations.
Etymology: The term is a compound of birgða meaning provisioning or supply and keðja meaning chain. The
Usage: In Icelandic business and public administration, birgðakeðjan is used to discuss supply chain management, procurement
See also: supply chain, logistics, procurement, risk management.