ASSIGNMENT
Question 1: Chapter 10 of the course textbook discusses INVENTORY MANAGEMENT; in this article, it is stated that Inditex uses various "inventory optimization models" in the production of Zara-branded clothing.DESCRIBE at least twoof the inventory management techniques (use terms or concepts from Chapter 10) that are used byInditex inthe production or supply of Zara products.
Question 2: Research and provide a LOGISTICS definition for the following terms used in this article:
(a) production capacity;and
(b) Master Production Schedule.
Question 3: Explain the benefits and costs of keeping too much inventory. What is meant by the saying "Inventory = death"? Do you believe that statement should be followed by all fashion companies?
Question 4: There are two main types of production strategies studied in Logistics: Chase Production strategy and Level Production strategy. Please provide a definition, purpose and desired outcome for both of these strategie. Which of the two production strategies is Inditex/Zara more likely to follow and implement in the production of Zara branded clothing?
Question 5: Explain or summarize how supply chain management and Zara'smanagement of inventory and other improvements of itslogistics havecreated value for the shareholders of Inditex.
[Reminder that your total submission for this assignment must be minimum 500 words not including this article comprised of over 1,600 words]
Format your assignment according to the following formatting requirements:
1. The answer should be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides.
2. The response also includes a cover page containing the title of the assignment, the student's name, the course title, and the date. The cover page is not included in the required page length.
3. Also include a reference page. The Citations and references should follow APA format. The reference page is not included in the required page length.
Attachment:- Logistics-Assignment.rar