Question 1

"Every organization can be viewed as a set of loosely coupled network activities from the acquisition of raw material to the PT (production and transportation) of intermediate and finished goods (FG) up until the transportation of FG 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."

Source: Adapted from Fordyce (2020)

Analyse the above statement and justify if you agree or disagree with the sentiment of the author. Substantiate your answer.(40 marks)