In this section of my
reading I learned more about the difference between outsourcing and
offshoring. I learned what a supply
chain is, and how it is important in today’s business. Lastly, I learned more in depth of the
importance of google, and how it is shaping todays businesses.
Outsourcing
is a different than offshoring. Outsourcing is when a company chooses specific
tasks of their organization to export to different countries where those tasks
can be performed, and then returned back to the company completed and ready to
go. Offshoring is where a company not
only takes some of their tasks to different countries, but is when they move an
entire factory or entity of their business to a different country and there
they continue their business in a more productive way. This then becomes part of their global supply
chain. I feel that outsourcing would be
a better choice for smaller businesses.
This way they can test out what it is like to work with and communicate
with different countries. Kind of like
testing the water depth before you go cliff-jumping. Offshoring would be a better idea for bigger businesses
that could not only benefit from the smaller tasks of their business being
completed off shore but moving an entire part of their business to a different
country allowing them to become a more globalized, well known, and efficient
company. If you have the resources to
expand to the extent that offshoring demands, than it can be a very valuable
decision.
I love
how much Friedman goes in depth about Walmart's supply chain. It really puts it in perspective. It is incredible how organized they have made
their process. Friedman found out that
once a customer checks out a product then immediately their system updates the
manufacturer and notifies them to make another one of those products and to
ship it to the Walmart store where it is needed. I feel like without this technology that
Walmart is using then it would be nearly impossible to keep up with the demand
that Walmart shoppers require. Walmart
has used this network of supply chain to create a connected empire. Walmart has made growth in the various
companies that they retail for. When
customers have demanded more products from the easily accessed Walmart shelves
then that creates more demand for the manufacturers to send Walmart more of
their products. I would assume this
would also create some sort of leverage for Walmart that they could use against
their manufacturers to become more aligned with Walmart’s needs and wants, etc.
Google
has become almost second nature to locating information for me. If I have a question about what a certain word
mean, what an activity is, where something is located, all I have to do is get
on google and type in what I want to learn about and in just a few seconds more
than enough pages come up and I am able to learn. The only boundary is my willingness to
discipline myself and continue learning.
What an incredible tool! We
literally have the world at our fingertips.
Anyone can become an expert at just about any topic through the medium
of Google. Google has helped businesses
become more well-known as well as made it very easy for anyone to research a
business from anywhere.