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The concept of nodes and links in a system challenges traditional business practices by introducing a more interconnected and dynamic view of operations. Traditional business practices often operate in silos, with different departments or units functioning independently. However, the concept of nodes (locations within a system that contain inventory) and links (pathways to move inventory from one node to another) emphasizes the interdependence and flow of resources, information, or processes across different parts of a business. This can lead to a more holistic understanding of the business, enabling better coordination, efficiency, and adaptability to changes or disruptions in the system.
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First, identify the boundaries of the system in which you are working. Every system comprises the same elements: nodes, links, inputs, outputs, rates and frequencies. Nodes are locations within a system that contain inventory. Links are pathways to move inventory from one node to another. Inputs measure how much potential is added to the system. Outputs measure how much potential is subtracted from the system. Rates are the speeds at which inventory moves from one node to another. Frequencies measure how often inventory moves between nodes.
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How do you prepare your business for black swan events like pandemics or financial crises? Rogue Waves by Jonathan Brill explores how to prepare for a...
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