Explain what is meant by capacity. How does it apply to a warehouse?

#3 Explain what is meant by capacity. How does it apply to a warehouse? A retail store? How would you need to adjust capacity in the face of demand uncertainty?

#4 Explain the relationship between lead time and service time and time spent waiting for capacity? What remedies are possible?

#5 What is meant by time-based competition? Describe the “triple A Supply chain” concept. Explain why global supply chains may need to involve joint capital investments or risk sharing agreements.

 

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