Every organization can be viewed as a set of loosely coupled network activities from the acquisition of raw material to the production of transportation of intermediate and finished goods up until the transportation of finished goods directly to the customer or a retail outlet. It is inventory(including work in progress WIP) that makes it "loosely" coupled,where inventory is defined as the accumulation and storage of products to be consumed in the next step of the network. Analyse the above statement and justify if you agree or disagree with the sentiment of the author. Substantiate your answer.
Every organization can be viewed as a set of loosely coupled network activities from the acquisition of raw material to the production of transportation of intermediate and finished goods up until the transportation of finished goods directly to the customer or a retail outlet. It is inventory(including work in progress WIP) that makes it "loosely" coupled,where inventory is defined as the accumulation and storage of products to be consumed in the next step of the network. Analyse the above statement and justify if you agree or disagree with the sentiment of the author. Substantiate your answer.
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
Problem 1CE
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Every organization can be viewed as a set of loosely coupled network activities from the acquisition of raw material to the production of transportation of intermediate and finished goods up until the transportation of finished goods directly to the customer or a retail outlet. It is inventory(including work in progress WIP) that makes it "loosely" coupled,where inventory is defined as the accumulation and storage of products to be consumed in the next step of the network. Analyse the above statement and justify if you agree or disagree with the sentiment of the author. Substantiate your answer.
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