While I totally agree with the posts made by the three very knowledgable audiophiles posted above my post I'm going to mention what I've experienced with several of my systems. This is the order that I found to work best for me, your mileage will obviously vary.
Conditioner
Dac
Transport
Preamp
Amp
The reason I like that order is that I did exactly what was described above, moving one high-end power cord from one component to another and the order I listed gave me the most notable improvement. There are way too many variables to explain why.
Conditioner
Dac
Transport
Preamp
Amp
The reason I like that order is that I did exactly what was described above, moving one high-end power cord from one component to another and the order I listed gave me the most notable improvement. There are way too many variables to explain why.