Explain how a reduction in lead time can help a supply chain reduce safety inventory without hurting product availability.
Answer to relevant QuestionsWhat are the pros and cons of the various measures of product availability? In the 1980s, paint was sold by color and size in paint retail stores. Today paint is mixed at the paint store according to the color desired. Discuss what, if any, impact this change has on safety inventories in the supply ...Zara has used local production in Europe to have short replenishment lead times. How does this capability of quick response help the company improve profits in a highly volatile trendy apparel marketplace? Discuss key drivers that may be used to tailor transportation. How does tailoring help? For products such as home appliances, toys, garments, and consumer electronics, what factors would influence selecting an onshore, near-shore, or offshore supplier?
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