Wilma has invested in a 30,000-square foot warehouse to stock cold cuts and dressings for her hoagie shop. What is her approach to mitigating uncertainty?
Understand the Problem
The question provides a scenario involving Wilma's investment in a warehouse for her hoagie shop, focusing on her experience and strategies in managing inventory over forty years. It may seek to understand her approach to mitigating uncertainty in business operations.
Answer
Excess capacity.
The final answer is excess capacity.
Answer for screen readers
The final answer is excess capacity.
More Information
Wilma uses a large warehouse strategy to buffer and prepare for variability in demand, ensuring she can meet customer needs consistently.
Tips
A common mistake is assuming that inventory turnover strategies or quick restocking are the main methods. Here, it's actually about having ample storage space.
Sources
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