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.