Each question requires more than two hundred words. Please note that I need to submit this answer within one hour.
1. In the 1980s, paint was sold by color and size in paint stores. Today, paint is mixed at the paint store according to the color required. What is the major supply chain concept th at can be applied to this change? Discuss what, if any, impact this change has on safety inventory in the supply chain?
2. Consider a firm like Zara that has developed production capabilities with very short replenishment lead times. How does the short replenishment lead time impact its supply chain performance? Do you think this capability is more valuable for its online operations or its store operations? Why?