Question

In: Operations Management

​A) Thomas L.​ Friedman, The New York Times Foreign Affairs​ Columnist, in his book The World...

​A) Thomas L.​ Friedman, The New York Times Foreign Affairs​ Columnist, in his book The World is​ Flat, quotes Yossi​ Sheffi, MIT professor of engineering​ systems, as saying​ “Making Stuff,​ that’s easy. Supply​ chain, that is really​ hard.” Agree or disagree with this​ statement, supporting your argument with examples from this class.  

Solutions

Expert Solution

Yes, I totally agree with this statement that "Making Stuff,​ that’s easy. Supply​ chain, that is really​ hard.”

This statement simply implies the fact that production is considered an easier task as compared to managing and integrating the whole supply chain process. For example, let's take Apple. As we can see, Apple has a number of suppliers to have the their parts. It gets its screen from Samsung Korea and chips from Silicon Valley etc. Various parts are being brought up in the production facility in California, US where the production of the phone takes place finally. The process is simple, to simply assemble all the parts together and make a final profuct. But what's harder is the process of getting the resources and parts to be provided. By having various suppliers around the world, integrating the process of getting the resources from the suppliers is the main task. How the resources are being achieved, managed, integrated and assembled by various suppliers and managing the effective and efficient relationship with those supplies from the companies is the actual process of supply chain and is considered harder than simple process of production.


Related Solutions

Milton Friedman captioned his famous New York Times article as the ‘social responsibility of a business...
Milton Friedman captioned his famous New York Times article as the ‘social responsibility of a business is to increase its profits’ (New York Times, September 13, 1970). Required Critically evaluate the above statement explaining the importance of corporate social responsibility in light of agency theory and stakeholder theory.
as reported by runner’s world magazine, the times of the finishers in the new york city...
as reported by runner’s world magazine, the times of the finishers in the new york city 10-km run are normally distributed with a mean of 61 minutes and a standard deviation of 9 minutes. Let X denote the time of a randonly selected finisher. Find P[43<X<70]. Round your answer to three decimal points.
As reported in Runner’s World magazine, the times of the finishers in the New York City...
As reported in Runner’s World magazine, the times of the finishers in the New York City 10-km run are normally distributed with mean 61 minutes and standard deviation 9 minutes. a.Determine the percentage of finishers who have times between 50 and 70 minutes. b. Obtain and interpret the 40th percentile for the finishing times. c. Find the middle 30% of the finishing times.
1. As reported in Runners World magazine, the times of the finishers in the New York...
1. As reported in Runners World magazine, the times of the finishers in the New York City 10 km run follow the normal model with mean=61 minutes and standard deviation= 9 minutes. a) Using the 68-95-99.7% rule, 68% of runners will finsh between which two times? (In minutes) b) Using the 68-95-99.7% rule, 99.7% of runners will finish between which two times? (In minutes) Use z-scores and your z-table for the following. Round z-scores to two decimal places but give...
As reported in "Runner's World" magazine, the times of the finishers in the New York City...
As reported in "Runner's World" magazine, the times of the finishers in the New York City 10 km run are normally distributed with a mean of 61 minutes and a standard deviation of 9 minutes. Let x denote finishing time for the finishers. a) The distribution of the variable x has mean____ and standard deviation____ . b) The distribution of the standardized variable z has mean____ and standard deviation____ . c) The percentage of finishers with times between 60 and...
1. Nobel Prize–winning economist Milton Friedman stated in a New York Times Magazine article in 1970...
1. Nobel Prize–winning economist Milton Friedman stated in a New York Times Magazine article in 1970 that the only “social responsibility of a business is to increase its profits.” Using the stakeholder theory and corporate examples, please explain if this statement is right or wrong in today's business environment. 2. What are the big ethical dilemmas of the twenty-first century? Please discuss a corporate example facing ethical dilemmas regarding its consumers.
A column in the New York Times in 2017 was titled “The Low-Inflation World May Be...
A column in the New York Times in 2017 was titled “The Low-Inflation World May Be Sticking Around Longer Than Expected.” Are the low inflation rates of recent years entirely the result of Federal Reserve policy? Could they have occurred without the Fed having a mandate to achieve price stability? Briefly explain.
In New York Times "The World: The Atlantic Slave Trade; On Both Sides, Reason for Remorse"...
In New York Times "The World: The Atlantic Slave Trade; On Both Sides, Reason for Remorse" by Howard W. French. Describe in your own words what going on in this article and why this article so important towards the readers?
First read the following NYTimes article by Mr. Thomas Friedman (2005) titled "It's a Flat World,...
First read the following NYTimes article by Mr. Thomas Friedman (2005) titled "It's a Flat World, After All"  https://www.nytimes.com/2005/04/03/magazine/its-a-flat-world-after-all.html Finally, imagine that you are leading a course for employees to assist in your current/future company’s expansion into a new country. Use a clear example to develop an explanation of the term globalization as it applies to international business for your employees. You should use one paragraph to define the term globalization in your own words based on your understanding from the...
Contemporary Globalization Thomas Friedman argues that the world has been flattened, i.e., the economic playing field...
Contemporary Globalization Thomas Friedman argues that the world has been flattened, i.e., the economic playing field has been made more level to more people than ever before. On the other hand, academics like Richard Florida argue that the playing field is not level but highly uneven. Who, and what sector of the economy is Friedman really referring to? What are some of the ways that the world is and is not flat? write in 200 words.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT