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Global Supply Chain Management Simulation: Mastering the Modern Marketplace
Navigating the complexities of today's globalized economy requires a deep understanding of supply chain management. But learning through real-world experience can be costly and risky. That's where global supply chain management simulation comes in. This comprehensive guide will explore the benefits, functionalities, and applications of these powerful tools, equipping you with the knowledge to choose the right simulation for your needs and significantly improve your understanding of this crucial business function. We'll delve into the key features, advantages, and considerations for utilizing these simulations effectively, ultimately helping you prepare for the challenges and opportunities of the modern supply chain.
What is a Global Supply Chain Management Simulation?
A global supply chain management simulation is a digital model that mimics the intricacies of a real-world supply chain. It provides a safe and controlled environment to experiment with different strategies, analyze their impact, and optimize processes before implementing them in the real world. These simulations can range from simple models focusing on a single aspect of the supply chain, such as inventory management, to complex, multi-faceted simulations encompassing global sourcing, manufacturing, logistics, and distribution. They are frequently used in educational settings, for training purposes, and by businesses seeking to improve efficiency and resilience.
Key Features of Effective Global Supply Chain Management Simulations
High-quality global supply chain management simulations typically include the following key features:
Realistic Representation: The simulation should accurately reflect real-world factors such as lead times, transportation costs, demand variability, and unforeseen disruptions (e.g., natural disasters, geopolitical instability).
Interactive Interface: A user-friendly interface is essential for effective learning and engagement. Intuitive dashboards and visualizations should allow for easy monitoring of key performance indicators (KPIs).
Data-Driven Insights: The simulation should generate comprehensive data that can be analyzed to identify bottlenecks, inefficiencies, and areas for improvement. This data should be presented in a clear and understandable format.
Scenario Planning: The ability to simulate various scenarios, such as changes in demand, supply disruptions, or shifts in geopolitical landscapes, is crucial for developing robust and adaptable supply chain strategies.
Collaboration Features: For team-based learning or collaborative optimization, features allowing multiple users to interact within the simulation are highly valuable.
Benefits of Utilizing Global Supply Chain Management Simulations
The benefits of using global supply chain management simulations are numerous:
Reduced Risk: Experiment with new strategies and technologies in a risk-free environment before implementing them in the real world.
Improved Decision-Making: Data-driven insights provide a stronger foundation for making informed decisions related to sourcing, logistics, and inventory management.
Enhanced Efficiency: Identify and address bottlenecks and inefficiencies to optimize processes and reduce costs.
Increased Resilience: Prepare for unforeseen disruptions and develop strategies to mitigate their impact.
Improved Collaboration: Foster collaboration and communication among different teams and stakeholders involved in the supply chain.
Cost Savings: By identifying and correcting inefficiencies early on, companies can save significant costs in the long run.
Better Training & Development: Provides valuable training opportunities for employees at all levels, from entry-level to executive management.
Choosing the Right Global Supply Chain Management Simulation
The best global supply chain management simulation for your needs will depend on several factors, including:
Your specific goals: What aspects of the supply chain do you want to focus on?
Your budget: Simulations can range in price from free online tools to expensive, customized software.
Your technical expertise: Some simulations are more user-friendly than others.
The size and complexity of your supply chain: A simple simulation may suffice for a small business, while a large multinational corporation may require a more complex model.
Conclusion
Global supply chain management simulation offers a powerful tool for navigating the complexities of modern supply chains. By providing a risk-free environment for experimentation and learning, these simulations enable businesses and individuals to develop more robust, efficient, and resilient strategies. Investing time and resources in utilizing these tools is a proactive step towards optimizing operations, mitigating risks, and achieving a competitive edge in today's dynamic global marketplace.
FAQs
1. Are global supply chain management simulations suitable for beginners? Yes, many simulations are designed with user-friendly interfaces and tutorials, making them accessible to beginners. However, the complexity of the simulation chosen should align with the user's experience level.
2. What kind of data do these simulations produce? Simulations typically provide data on key performance indicators (KPIs) such as inventory levels, lead times, transportation costs, customer service levels, and overall profitability.
3. Can these simulations be customized to reflect a specific industry or business? Yes, many advanced simulations offer customization options to tailor the model to specific industry needs and business processes.
4. How much does a global supply chain management simulation cost? The cost varies greatly depending on the features, complexity, and vendor. Some are free, while others can cost thousands of dollars.
5. What are the limitations of global supply chain management simulations? While highly beneficial, simulations are still models. They cannot perfectly replicate the unpredictability of the real world and might not account for every possible variable. It's important to use the insights gained as a guide rather than a definitive predictor of future outcomes.
| global supply chain management simulation: Essentials of Supply Chain Management Michael H. Hugos, 2018-02-22 The bestselling guide to the field, updated with the latest innovations Essentials of Supply Chain Management is the definitive guide to the field, providing both broad coverage and necessary detail from a practical, real-world perspective. From clear explanation of fundamental concepts to insightful discussion of supply chain innovation, this book offers students and professionals a comprehensive introduction with immediately-applicable understanding. The fourth edition has been updated to reflect the current state of the field, with coverage of the latest technologies and new case studies that illustrate critical concepts in action. Organized for easy navigation and ease-of-use, this invaluable guide also serves as a quick reference for managers in the field seeking tips and techniques for maximizing efficiency and turning the supply chain into a source of competitive advantage. The supply chain underpins the entire structure of manufacturing and retailing. Well-run, it can help a company become a global behemoth—or, if poorly-managed, it can sink a company before the product ever sees the light of day. The supply chain involves many moving parts, constantly-changing variables, and a network of other business that may have different priorities and interests—keeping it all running smoothly is a complex, but immensely powerful skill. This book takes you inside the supply chain to show you what you need to know. Understand the fundamental concepts behind supply chain management Learn how supply chains work, and how to measure their performance Explore the ways in which innovation is improving supply chains around the world Examine the supply chain as a source of competitive advantage Whether you’re at the front or the back of your supply chain, your business is affected by every other company and event in the chain. Deep understanding and a host of practical skills are required to accurately predict, react to, and manage the ever-changing stream of events that could potentially disrupt the flow. Essentials of Supply Chain Management prepares you to take on the challenge and succeed. |
| global supply chain management simulation: Supply Chain Simulation Francisco Campuzano, Josefa Mula, 2011-07-16 Supply Chain Simulation allows readers to practice modeling and simulating a multi-level supply chain. The chapters are a combination of the practical and the theoretical, covering: knowledge of simulation methods and techniques, the conceptual framework of a typical supply chain, the main concepts of system dynamics, and a set of practice problems with their corresponding solutions. The problem set includes illustrations and graphs relating to the simulation results of the Vensim® program, the main code of which is also provided. The examples used are a valuable simulation tool that can be modified and extended according to user requirements. The objective of Supply Chain Simulation is to meet the demands of supply chain simulation or similar courses taught at the postgraduate level. The “what if” analysis recreates different simulation scenarios to improve the decision-making process in terms of supply chain performance, making the book useful not only for postgraduate students, but also for industrial practitioners. |
| global supply chain management simulation: Mastering the Supply Chain Ed Weenk, 2019-03-03 Mastering the Supply Chain is an introduction to supply chain management. The book integrates theory with practice and aims to create a cross-functional mindset in students and practitioners. It provides a wide overview of relevant supply chain concepts and sets out the challenges that need to be overcome in order to find practical ways of implementing these in a real company situation. Readers are continuously asked to actively reflect on the choices they make, thus experiencing first-hand the many challenges that good and effective supply chain management presents. Mastering the Supply Chain presents a different way of learning that puts the reader at the heart of a life-like situation, so that they experience the impact of every decision they make, not just in their own 'silo' but across the business. In this way, they will learn that many supply chain concepts are relatively simple to understand, but not so easy to apply in reality. Chapter 6 helps students to pull everything they've learned together and see how the concepts play out in the real world by guiding them through an interactive demonstration of the online business simulation game The Fresh Connection (free access is included with the book). This is a key text for students on supply chain management BScs and MScs as well as background reading for students playing the full version of The Fresh Connection Business Simulation game. |
| global supply chain management simulation: Handbook of Global Supply Chain Management John T. Mentzer, Matthew B. Myers, Theodore P. Stank, 2007 Today all companies either source globally, sell globally, or compete with some company that does. This handbook provides a comprehensive understanding and assessment of the field of global logistics and supply chain management. |
| global supply chain management simulation: Managing the Global Supply Chain (Collection) Chad W. Autry, Thomas J. Goldsby, John E. Bell, Arthur V. Hill, 2013-03-02 A brand new collection of insights and actionable techniques for world-class supply chain management… 2 authoritative books, now in a convenient e-format, at a great price! 2 authoritative eBooks deliver comprehensive resources for managing state-of-the-art supply chains in challenging global environments Master the latest techniques for overcoming your most difficult operations and supply chain management challenges! This unique 2 eBook package will help you address issues ranging from Lean/Six Sigma to transportation and warehousing, and anticipate emerging global issues – so you can transform them from risks into competitive advantages. The Encyclopedia of Operations Management is the perfect single-volume field manual for every supply chain or operations management practitioner and student. Nearly 1,500 well-organized, up-to-date definitions cover: accounting, customer service, distribution, e-business, economics, finance, forecasting, HR, industrial engineering, industrial relations, inventory management, healthcare management, Lean, logistics, maintenance engineering, management IS, marketing/sales, product development, operations research, organizational behavior/management, time management, production planning/control, purchasing, reliability, quality, service management, simulation, statistics, strategic management, systems engineering, supply chain management, theory of constraints, transportation, warehousing, and more. Next, in Global Macrotrends and Their Impact on Supply Chain Management, Chad W. Autry, Thomas J. Goldsby, John E. Bell prepare you to manage supply and demand in a world marked by demographic and economic shifts that will turn markets upside down. They offer a complete decision framework and practical tools, insights, and guidance for systematically mitigating new risks and building long-term competitive advantage. This book focuses squarely on emerging societal, technological, geopolitical, and environmental macro trends, helping you assess the impacts of population growth, migration, urbanization; socioeconomic change, global connectivity, environmental issues, geopolitics, growing scarcity, transportation congestion, aging infrastructure, and emerging supply-demand imbalances. It also provides comprehensive mitigation strategies based on logistics, resource recovery, resource protection, and demand/supply shaping. This collection will be an indispensable resource for all supply chain, logistics, sourcing, and operations management executives, managers, and professionals; and for all operations/supply chain research professionals, instructors, and graduate students. From world-renowned supply chain management experts Arthur V. Hill, Chad W. Autry, Thomas J. Goldsby, and John E. Bell |
| global supply chain management simulation: Global Supply Chain and Operations Management Dmitry Ivanov, Alexander Tsipoulanidis, Jörn Schönberger, 2021-11-19 The third edition of this textbook comprehensively discusses global supply chain and operations management (SCOM), combining value creation networks and interacting processes. It focuses on operational roles within networks and presents the quantitative and organizational methods needed to plan and control the material, information, and financial flows in supply chains. Each chapter begins with an introductory case study, while numerous examples from various industries and services help to illustrate the key concepts. The book explains how to design operations and supply networks and how to incorporate suppliers and customers. It examines how to balance supply and demand, a core aspect of tactical planning, before turning to the allocation of resources to meet customer needs. In addition, the book presents state-of-the-art research reflecting the lessons learned from the COVID-19 pandemic, and emerging, fast-paced developments in the digitalization of supply chain and operations management. Providing readers with a working knowledge of global supply chain and operations management, with a focus on bridging the gap between theory and practice, this textbook can be used in core, specialized, and advanced classes alike. It is intended for a broad range of students and professionals in supply chain and operations management. |
| global supply chain management simulation: Simulation for Supply Chain Management Caroline Thierry, Andre Thomas, Gerard Bel, 2008-09-22 This book provides a detailed insight into the simulation approaches employed in the study of supply chain management and control. It begins by examining the types of simulation models (continuous simulation, discrete-event systems and simulation games) before moving on to the distribution levels of systems and models. It concludes with a thorough discussion of simulation products. Simulation methodologies and techniques are also covered throughout the text and case studies are included to highlight the pivotal role played by simulation in the decision-making processes of those working in this field. |
| global supply chain management simulation: Modeling, Simulation, and Optimization of Supply Chains Ciro D'Apice, Simone Gottlich, Michael Herty, Benedetto Piccoli, 2010-07-01 This book offers a state-of-the-art introduction to the mathematical theory of supply chain networks, focusing on those described by partial differential equations. The authors discuss modeling of complex supply networks as well as their mathematical theory, explore modeling, simulation, and optimization of some of the discussed models, and present analytical and numerical results on optimization problems. Real-world examples are given to demonstrate the applicability of the presented approaches. Graduate students and researchers who are interested in the theory of supply chain networks described by partial differential equations will find this book useful. It can also be used in advanced graduate-level courses on modeling of physical phenomena as well as introductory courses on supply chain theory. |
| global supply chain management simulation: Supply Chain and Logistics Management: Concepts, Methodologies, Tools, and Applications Management Association, Information Resources, 2019-11-01 Business practices are constantly evolving in order to meet growing customer demands. Evaluating the role of logistics and supply chain management skills or applications is necessary for the success of any organization or business. As market competition becomes more aggressive, it is crucial to evaluate ways in which a business can maintain a strategic edge over competitors. Supply Chain and Logistics Management: Concepts, Methodologies, Tools, and Applications is a vital reference source that centers on the effective management of risk factors and the implementation of the latest supply management strategies. It also explores the field of digital supply chain optimization and business transformation. Highlighting a range of topics such as inventory management, competitive advantage, and transport management, this multi-volume book is ideally designed for business managers, supply chain managers, business professionals, academicians, researchers, and upper-level students in the field of supply chain management, operations management, logistics, and operations research. |
| global supply chain management simulation: Managing Global Supply Chains Ron Basu, 2023-04-06 What are the key factors affecting global supply chains today and how can we manage them? Starting from the concept that 'there is no point driving a Ferrari in a traffic jam', Ron Basu provides practical tools and techniques of good supply chain management to add value, deliver cost reduction and improve customer satisfaction. This new edition specifically focuses on seven contemporary challenges that have affected global supply chain management. Recent disruptions to global supply chains created by COVID-19 and the Ukraine conflict have resulted in significant geographical shifts in supply and demand. High inflation and the cost of living crisis have, in turn, created problems for finely-tuned global supply chains. The economic and business environment has also become more demanding, due in part to political pressures including nationalism and Brexit: for example, supply chain pressures caused by Brexit have resulted in increased red tape. Other factors have had a gradual and positive effect, such as climate change initiatives, Industry 4.0 and the digital revolution. The issues that affect the performance of global supply chains are sometimes interrelated, but all of them really matter because businesses have become increasingly global. This book addresses these challenges and explores how to deal with them. In addition, there are new and updated chapters on lean and agile supply chains, e-business, emerging markets, sustainability and green issues, global supply chains for services and event management, retail management and major project management. Managing Global Supply Chains is a practical and highly readable text with real-life examples and excellent coverage. It is an ideal companion for post-experience business students, learning professionals and anyone interested in supply chain management. |
| global supply chain management simulation: Global Logistics and Supply Chain Management John Mangan, Chandra Lalwani, Agustina Calatayud, 2020-12-07 Global Logistics and Supply Chain Management is a comprehensive, fully up-to-date introduction to the subject. Addressing both practical and strategic perspectives, this revised and updated fourth edition offers readers a balanced and integrated presentation of Logistics and Supply Chain Management (LSCM)concepts, practices, technologies, and applications. Contributions from experts in specific areas of LSCM provide readers with real-world insights on supply chain relationships, transport security, inventory management, supply chain designs, the challenges inherent to globalization and international trade, and more. The text examines how information, materials, products, and services flow across the public and private sectors and around the world. Detailed case studies highlight LSCM practices and strategies in a wide range of contexts, from humanitarian aid and pharmaceutical supply chains to semi-automated distribution centers and port and air cargo logistics. Examples of LSCM in global corporations such as Dell Computer and Jaguar Land Rover highlight the role of new and emerging technologies. This edition features new and expanded discussion of contemporary topics including sustainability, supply chain vulnerability, and reverse logistics, and places greater emphasis on operations management. |
| global supply chain management simulation: Supply Chain Management and Logistics in the Global Fashion Sector Rajkishore Nayak, 2020-11-12 The ways in which we design, make, transport and then discard clothes has a huge social and environmental impact. This book covers responsible business practices and sustainability in the fashion industry from the raw fibre stage, through production, to the point of customer consumption. The concepts of responsibility and sustainability are fast becoming essential factors in business decisions and Supply Chain Management and Logistics in the Global Fashion Sector leads the reader through the multiple stages in the supply chain that can impact on business strategy. A perfect resource for students studying fashion and for those working in the sector who wish to identify the latest thinking as they plan sustainability strategies, the book is divided into four clear sections. Part I of the book examines sustainability in the supply chain by identifying the three pillars of sustainability (social, economic and environmental) and considers how fashion brands are innovating in this area. Part II looks at fashion logistics and supply chain operations by assessing fibre, yarn and fabric considerations, logistical issues for both garment production, and service delivery, stock control, transportation, barriers and risks. Part III develops the logistics theme further by identifying recent trends and case studies that highlight agility and lean management structures, and the application of transparency enhancing radio frequency identification (RFID). This section further applies modelling and simulation techniques from the automotive and pharmaceutical industries to the fashion sector. Part IV considers how sustainability can be embedded into the multi-tiered fashion supply chain and its selling environment. |
| global supply chain management simulation: Supply Chain Network Design Michael Watson, Sara Lewis, Peter Cacioppi, Jay Jayaraman, 2012-08-20 Using strategic supply chain network design, companies can achieve dramatic savings from their supply chains. Now, experts at IBM and Northwestern University have brought together both the rigorous principles and the practical applications you need to master. You’ll learn how to use supply chain network design to select the right number, location, territory, and size of warehouses, plants, and production lines; and optimize the flow of all products through your supply chain even if extends around the globe. The authors present better ways to decide what to manufacture internally, where to make these products, which products to outsource, and which suppliers to use. They guide you in more effectively managing tradeoffs such as cost vs. service level, improving operational decision-making by integrating analytics throughout supply chain management; and re-optimizing regularly for even greater savings. Supply Chain Network Design combines best practices, the latest methods in optimization and analytics, and cutting-edge case studies: everything you need to maximize the value of supply chain network design. For all supply chain executives, managers, strategists, and analysts; and for all students, instructors, and researchers in advanced supply chain management and/or logistics courses. |
| global supply chain management simulation: Structural Dynamics and Resilience in Supply Chain Risk Management Dmitry Ivanov, 2017-11-07 This book offers an introduction to structural dynamics, ripple effect and resilience in supply chain disruption risk management for larger audiences. In the management section, without relying heavily on mathematical derivations, the book offers state-of-the-art concepts and methods to tackle supply chain disruption risks and designing resilient supply chains in a simple, predictable format to make it easy to understand for students and professionals with both management and engineering background. In the technical section, the book constitutes structural dynamics control methods for supply chain management. Real-life problems are modelled and solved with the help of mathematical programming, discrete-event simulation, optimal control theory, and fuzzy logic. The book derives practical recommendations for management decision-making with disruption risk in the following areas: How to estimate the impact of possible disruptions on performance in the pro-active stage? How to generate efficient and effective stabilization and recovery policies? When does one failure trigger an adjacent set of failures? Which supply chain structures are particular sensitive to ripple effect? How to measure the disruption risks in the supply chain? |
| global supply chain management simulation: X-SCM Lisa H Harrington, Sandor Boyson, Thomas Corsi, 2010-10-18 Supply chain management today has never been more complex, more dynamic or more unpredictable. The good news is that new techniques for analyzing country-level investments, network configuration and in-sourcing/out-sourcing decisions can enable more precise and effective span of control. The latest generation of network design and optimization applications has created broader opportunities to view and streamline links between supply chain network nodes. New concepts in multi-channel demand signal capture -- and in pooling and data warehousing customer signals coming into the enterprise from retail stores, websites and call centers -- can bring the enterprise closer to the customer. Emergence of practices such as multi-channel supply management and virtualized cross-enterprise inventory pools are enabling rapid response to changes in demand, creating a level of cyber-kanban unimaginable a few years ago. Companies can now truly respond to the pull of the market rather than the push of supply. Companies are also using advanced Business Intelligence (BI) software to mine the demand signal repository and cull critical insights for action and response. Case in point: Wal-Mart’s response to Hurricane Katrina was based on insights gained from mining community consumption trends during previous hurricanes. |
| global supply chain management simulation: Handbook of Research on Global Supply Chain Management Christiansen, Bryan, 2015-11-12 Supply Chain Management (SCM) has always been an important aspect of an enterprise’s business model and an effective supply chain network is essential to remaining competitive in a global environment. By properly managing the flow of goods and services, businesses can operate more efficiently while managing most of the workload behind-the-scenes. The Handbook of Research on Global Supply Chain Management is an in-depth reference source that covers emerging issues and relevant applications of information pertaining to supply chain management from an international perspective. Featuring coverage on topics such as the global importance of SCMs to strategies for producing an effective supply chain, this comprehensive publication is an essential resource for academics and business professionals alike interested in uncovering managerial insight and logistics solutions. |
| global supply chain management simulation: Operations Management Ray R. Venkataraman, Jeffrey K. Pinto, 2018-11-29 Operations Management: Managing Global Supply Chains takes a holistic, integrated approach to managing operations and supply chains by exploring the strategic, tactical, and operational decisions and challenges facing organizations worldwide. Authors Ray R. Venkataraman and Jeffrey K. Pinto address sustainability in each chapter, showing that sustainable operations and supply chain practices are not only attainable, but are critical and often profitable practices for organizations to undertake. With a focus on critical thinking and problem solving, Operations Management provides students with a comprehensive introduction to the field and equips them with the tools necessary to thrive in today’s evolving global business environment. |
| global supply chain management simulation: Making Complex Decisions toward Revamping Supply Chains amid COVID-19 Outbreak Dinesh Kumar, Kanika Prasad, 2022-05-01 The COVID-19 pandemic has disrupted supply chains, hence corporations must devise and realign their policies and strategies accordingly to stay competitive in this dynamic situation. This book provides tools to cope with such a scenario and to make appropriate decisions to come out unscathed. Making Complex Decisions toward Revamping Supply Chains amid COVID-19 Outbreak presents the tools and technologies needed to revamp supply chains challenged by the COVID-19 pandemic. The book presents case studies along with historical perspectives for guidance. It explores the supply chain post-COVID-19, discusses the future scenarios of new and emerging supply chains, and describes various multi-criteria decision-making (MCDM) tools used to make complex decisions so companies can stay ahead. The book also offers domain experts’ opinions and views to help organizations formulate real-time strategies. This book is written for researchers, professionals, and undergraduate and postgraduate students to provide an evidence-based cause, effect, and solution after the COVID-19 disaster. |
| global supply chain management simulation: Artificial Intelligence and Online Engineering Michael E. Auer, Samir A. El-Seoud, Omar H. Karam, 2022-10-14 Nowadays, online technologies are the core of most fields of engineering and the whole society and are inseparable connected for example with Internet of Things & Industrial Internet of Things (Industry 4.0), Online & Biomedical Engineering, Data Science, Machine Learning, and Artificial Intelligence, Cross & Mixed Reality, and Remote Working Environments. to name only a few. Since the first REV conference in 2004, we tried to focus on the upcoming use of the Internet for engineering tasks and the opportunities as well as challenges around it. Consequently, the motto of this year’s REV2022 was “Artificial Intelligence and Online Engineering”. In a globally connected world, the interest in online collaboration, teleworking, remote services, and other digital working environments is rapidly increasing. In response to that, the general objective of this conference is to contribute and discuss fundamentals, applications, and experiences in the field of Online and Remote Engineering, Virtual Instrumentation and other related new technologies like Cross Reality, Data Science & Big Data, Internet of Things & Industrial Internet of Things, Industry 4.0, Cyber-Security, and M2M & Smart Objects. Another objective of the conference is to discuss guidelines and new concepts for engineering education in higher and vocational education institutions, including emerging technologies in learning, MOOCs & MOOLs, and Open Resources. REV2022 was the 19th in a series of annual events concerning the area of Online Engineering. It has been organized in cooperation with The British University in Egypt (BUE), Cairo, as a hybrid event from February 28 until March 02, 2022. |
| global supply chain management simulation: Innovative Supply Chain Management via Digitalization and Artificial Intelligence Kumaresan Perumal, Chiranji Lal Chowdhary, Logan Chella, 2022-04-06 This book focuses on the impact of artificial intelligence (AI) and machine learning (ML) models on supply chain operations in industry 4.0. The chapters illustrate the AI and ML models for all functional areas of operations in SCM. The book also includes examples using ML models like handling supply-to-demand imbalances, triggering automated responses, and reinforcing customer relationships. It describes the evolution of blockchain technology coupled with the ability to automate business logic for the transparency of goods, infrastructure, products, and licenses in software. The book also includes case studies that provide a problem statement and industry overcome by applying ML and AI technologies. This book is suitable for undergraduates, postgraduates, industrial professionals, business executives, entrepreneurs, and freelancers to encourage practical learning on AI and ML algorithms in SCM 4.0. Additionally, this book will provide computer science and information system professionals with the latest technologies embedded in the corporate world. |
| global supply chain management simulation: Artificial Intelligence Techniques for Networked Manufacturing Enterprises Management Lyes Benyoucef, Bernard Grabot, 2010-05-10 Artificial Intelligence Techniques for Networked Manufacturing Enterprises Management addresses prominent concepts and applications of AI technologies in the management of networked manufacturing enterprises. The aim of this book is to align latest practices, innovation and case studies with academic frameworks and theories, where AI techniques are used efficiently for networked manufacturing enterprises. More specifically, it includes the latest research results and projects at different levels addressing quick-response system, theoretical performance analysis, performance and capability demonstration. The role of emerging AI technologies in the modelling, evaluation and optimisation of networked enterprises’ activities at different decision levels is also covered. Artificial Intelligence Techniques for Networked Manufacturing Enterprises Management is a valuable guide for postgraduates and researchers in industrial engineering, computer science, automation and operations research. |
| global supply chain management simulation: X-SCM Lisa H Harrington, Sandor Boyson, Thomas Corsi, 2010-10-18 This book - officially sponsored by the Council of Supply Chain Management Professionals and Sterling Commerce, - contains a multi-faceted, multi-media set of products to serve as a definitive guide and toolset for executives who must build and operate global supply chain networks in a period of systemic, extreme change. The book brings together an unprecedented array of contributions from world experts in the new supply chain science of volatility management. It includes strategic content and discussion as well as executive templates for high-level decision making and multi-enterprise action-taking. An experiential Web-Based Supply Chain Risk Simulation will accompany the book. The simulation energizes and empowers teams online, enabling them to explore supply chain network options and decision-making. It is designed to address the volatile nature of supply chains today, allowing users to test multiple approaches to managing ongoing sets of supply chain upheavals and assess their outcomes. |
| global supply chain management simulation: Introduction to Supply Chain Resilience Dmitry Ivanov, 2021-04-30 This book offers a concise yet comprehensive introduction to supply chain resilience, covering management, modeling and technology perspectives. Designed to accompany the textbook “Global Supply Chain and Operations Management” it addresses the topics of supply chain risks and resilience in more depth, describing the major features of supply chain resilience and explaining methodologies to mitigate supply chain disruptions and recover. Numerous practical examples and short case studies are provided to illustrate theoretical concepts. Without relying heavily on mathematical derivations, the book explains major concepts and methods to build and improve supply chain resilience and tackle supply chain disruption risks in a simple, uniform format to make it easy to understand for students and professionals with both management and engineering backgrounds. Graduate/PhD students and supply chain professionals alike will benefit from the structured, didactically oriented and concise presentation of the concepts, principles and methods of supply chain resilience management, modeling, and technological implementation. |
| global supply chain management simulation: Supply Chain Management on Demand Chae An, Hansjörg Fromm, 2006-01-16 Written by supply chain researchers, consultants, and practitioners, this book explains the newly emerging techniques and practices for highly efficient supply chain management, made possible by the rapid progress in information and communication technologies. |
| global supply chain management simulation: Leadership Strategies for Global Supply Chain Management in Emerging Markets Dwivedi, Ashish, Alshamrani, Mohammed Saad, 2020-05-22 In recent decades, the rapid expansion of trade and investment among developing countries has resulted in a scenario wherein firms from developing countries account for an increasing share of capital, goods, and wealth in the global economy. Industry leaders from developing countries have observed that firms in developing countries need to identify and develop key supply chain capabilities in order to succeed in emerging markets. It is argued that customers in emerging markets are likely to have different needs and supply chain expectations as compared to customers in developed economies. Reaching into these emerging markets, understanding the customer diversity, and translating it into effective segmentation schemes are critical for the efficient design of supply chain operations. Leadership Strategies for Global Supply Chain Management in Emerging Markets is a pivotal reference source that provides vital research on creating efficient supply chain operations in emerging markets. While highlighting topics such as consumer behavior, global operations, and information transparency, this publication investigates the needs of consumers in emerging markets as well as the methods of designing effective operations. This book is ideally designed for supply chain managers, logistics managers, operations and warehousing professionals, industry practitioners, academicians, students, and researchers. |
| global supply chain management simulation: Adaptive Supply Chain Management Dmitry Ivanov, Boris Sokolov, 2009-11-25 Adaptive Supply Chain Management develops new viewpoints on the SCM goal paradigm, problem semantics, and decision-making support. Drawing upon years of research and practical experience, and using numerous examples, the authors unite conceptual considerations of supply chains with a constructive level of engineering and solutions to real-world problems. Adaptive Supply Chain Management provides advanced insights into dynamics, complexity, and uncertainty in supply chains from the perspectives of systems analysis, control theory, and operations research. It also considers supply chain adaptability, stability, and crisis-resistance. Providing readers with a comprehensive view of advanced SCM concepts, constructive mathematical techniques and models, Adaptive Supply Chain Management is an invaluable text for practitioners and researchers who specialize in SCM and operations. |
| global supply chain management simulation: Techniques, Tools and Methodologies Applied to Global Supply Chain Ecosystems Jorge Luis García-Alcaraz, Cuauhtémoc Sánchez-Ramírez, Liliana Avelar-Sosa, Giner Alor-Hernández, 2019-08-29 This book presents the latest developments concerning techniques, tools, and methodologies in supply chain ecosystems. It gathers contributions from a variety of experts, who analyze a range of case studies and industrial sectors such as manufacturing, energy, agricultural, healthcare, humanitarian logistics, and urban goods distribution, to name but a few. The book is chiefly intended to meet the needs of two sectors: firstly, the academic sector, so as to familiarize students, professors, and researchers with the tools that are now being used to optimize supply chains; and secondly, the industrial and managerial sector, so that supply chain management practitioners can benefit from methods and tools that are yielding valuable results in other contexts. |
| global supply chain management simulation: Supply Chain Optimization, Management and Integration: Emerging Applications Wang, John, 2010-11-30 Our rapidly changing world has forced business practitioners, in corporation with academic researchers, to respond quickly and develop effective solution methodologies and techniques to handle new challenges in supply chain systems. Supply Chain Optimization, Management and Integration: Emerging Applications presents readers with a rich collection of ideas from researchers who are bridging the gap between the latest in information technology and supply chain management. This book includes theoretical, analytical, and empirical research, comprehensive reviews of relevant research, and case studies of effective applications in the field of SCM. The use of new technologies, methods, and techniques are emphasized by those who have worked with supply chain management across the world for those in the field of information systems. |
| global supply chain management simulation: Advanced Methodologies and Technologies in Business Operations and Management Khosrow-Pour, D.B.A., Mehdi, 2018-09-14 Businesses consistently work on new projects, products, and workflows to remain competitive and successful in the modern business environment. To remain zealous, businesses must employ the most effective methods and tools in human resources, project management, and overall business plan execution as competitors work to succeed as well. Advanced Methodologies and Technologies in Business Operations and Management provides emerging research on business tools such as employee engagement, payout policies, and financial investing to promote operational success. While highlighting the challenges facing modern organizations, readers will learn how corporate social responsibility and utilizing artificial intelligence improve a company’s culture and management. This book is an ideal resource for executives and managers, researchers, accountants, and financial investors seeking current research on business operations and management. |
| global supply chain management simulation: Sustainable Supply Chain Management Evelin Krmac, 2016-06-30 The book is a collection of studies dedicated to different perspectives of three dimensions or pillars of the sustainability of supply chain and supply chain management - economic, environmental, and social - and other aspects related to performance evaluation, optimization, and modelling of and for sustainable supply chain management, and thus presents another valuable contribution to sustainable development and sustainable way of life. |
| global supply chain management simulation: Logistics and Supply Chain Management ePub eBook Martin Christopher, 2013-07-25 Effective development and management of a supply chain network is an invaluable source of sustainable advantage in today’s turbulent global marketplace, where demand is difficult to predict and supply chains need to be more flexible as a result. This updated 4th edition of the bestselling Logistics and Supply Chain Management is a clear-headed guide to all the key topics in an integrated approach to supply chains, including: • The link between logistics and customer value. • Logistics and the bottom line measuring costs and performance. • Creating a responsive supply chain. • Managing the global pipeline. • Managing supply chain relationships. • Managing risk in the supply chain. • Matching supply and demand. • Creating a sustainable supply chain. • Product design in the supply chain. |
| global supply chain management simulation: Supply Chain Management: Issues in the New Era of Collaboration and Competition Chung Wang, William Yu, Heng, Michael S. H., Chau, Patrick Y. K., 2006-08-31 In the current business landscape, many business firms compete in one project and cooperate in another related project, and they do so at the same time. Even more interesting is that certain members of these firms are involved in both projects. This book examines this new business landscape--Résumé de l'éd. |
| global supply chain management simulation: Handbook on Business Information Systems Angappa Gunasekaran, Maqsood Sandhu, 2010 --Book Jacket. |
| global supply chain management simulation: Supply Chain Management Janat Shah, 2009 |
| global supply chain management simulation: Managing Risk in Virtual Enterprise Networks: Implementing Supply Chain Principles Ponis, Stavros, 2010-03-31 This book deals with risk management in enterprise network formations, stressing the importance of risk management in enterprises organized in networks followed by the presentation of the researcher suggested approaches which most of the time emphasizes in a supply chain--Provided by publisher. |
| global supply chain management simulation: Sustaining Competitive Advantage via Business Intelligence, Knowledge Management, and System Dynamics Mohammed Quaddus, Arch G. Woodside, 2015-10-28 Chapter 1 examines the relationships between absorptive capacity and effective knowledge management through the analysis of quantitative data drawn from managers and employees in residential aged care organizations in Western Australia. Chapter 2 provides an application of system dynamics modelling in firms in the poultry industry in Bangladesh. |
| global supply chain management simulation: Value Chain Management in the Chemical Industry Matthias Kannegiesser, 2008-06-11 Supply chain management helped companies to manage volumes, fulfil customer demand and optimize costs in production and distribution. Specifically, chemical industry companies with high complexity in production and distribution used supply chain management to steer their operations. Confronted with globalization and increasing raw material and sales price volatility, optimizing supply chain costs is no longer sufficient to ensure the overall profitability of the business. Value chain management takes supply chain management to the next level by integrating all volume and value decisions from sales to procurement. The book presents the value chain management concept and demonstrates how it is applied in a global value chain planning model for commodities in the chemical industry. A comprehensive industry case study illustrates the effects of decision making integration, e.g. the influence of raw material prices or exchange rates on optimal sales, production, distribution and procurement plans as well as overall company profitability. |
| global supply chain management simulation: Gower Handbook of Supply Chain Management John Gattorna, 2017-03-02 The ability to build and also maintain a world class logistics and distribution network is an essential ingredient in the success of the world's leading businesses, but keeping pace with changes in your sector and in others is hard to do. With the Gower Handbook of Supply Chain Management you will need to look no further. Written by a team of leading consultants with contributions from leading academic experts, this book will help you to keep pace with the latest global developments in supply chain management and logistics, and plan for the future. This book has over thirty chapters with detailed accounts of key topics and the latest developments, from e-collaboration and CRM integration, to reverse logistics and strategic sourcing, and includes case studies from Asia, Europe and North America. It looks at all aspects of operational excellence in logistics and supply chain management. The Gower Handbook of Supply Chain Management will help managers to benchmark their operations against the best-of-breed supply chains across the world. It provides a unique single source of expert opinion and experience. |
| global supply chain management simulation: Learning by Doing Clark Aldrich, 2008-10-07 Designed for learning professionals and drawing on both game creators and instructional designers, Learning by Doing explains how to select, research, build, sell, deploy, and measure the right type of educational simulation for the right situation. It covers simple approaches that use basic or no technology through projects on the scale of computer games and flight simulators. The book role models content as well, written accessibly with humor, precision, interactivity, and lots of pictures. Many will also find it a useful tool to improve communication between themselves and their customers, employees, sponsors, and colleagues. As John Coné, former chief learning officer of Dell Computers, suggests, “Anyone who wants to lead or even succeed in our profession would do well to read this book.” |
| global supply chain management simulation: Planning Production and Inventories in the Extended Enterprise Karl G Kempf, Pınar Keskinocak, Reha Uzsoy, 2011-03-23 In two volumes, Planning Production and Inventories in the Extended Enterprise: A State of the Art Handbook examines production planning across the extended enterprise against a backdrop of important gaps between theory and practice. The early chapters describe the multifaceted nature of production planning problems and reveal many of the core complexities. The middle chapters describe recent research on theoretical techniques to manage these complexities. Accounts of production planning system currently in use in various industries are included in the later chapters. Throughout the two volumes there are suggestions on promising directions for future work focused on closing the gaps. Included in Volume 1 are papers on the Historical Foundations of Manufacturing Planning and Control; Advanced Planning and Scheduling Systems; Sustainable Product Development and Manufacturing; Uncertainty and Production Planning; Demand Forecasting; Production Capacity; Data in Production and Supply Chain Planning; Financial Uncertainty in SC Models; Field Based Research in Production Control; Collaborative SCM; Sequencing and Coordination in Outsourcing and Subcontracting Operations; Inventory Management; Pricing, Variety and Inventory Decisions for Substitutable Items; Perishable and Aging Inventories; Optimization Models of Production Planning Problems; Aggregate Modeling of Manufacturing Systems; Robust Stability Analysis of Decentralized Supply Chains; Simulation in Production Planning; and Simulation-Optimization in Support of Tactical and Strategic Enterprise Decisions. Included in Volume 2 are papers on Workload and Lead-Time Considerations under Uncertainty; Production Planning and Scheduling; Production Planning Effects on Dynamic Behavior of A Simple Supply Chain; Supply and Demand in Assemble-to-Order Supply Chains; Quantitative Risk Assessment in Supply Chains; A Practical Multi-Echelon Inventory Model with Semiconductor Application; Supplier Managed Inventory for Custom Items with Long Lead Times; Decentralized Supply Chain Formation; A Cooperative Game Approach to Procurement Network Formation; Flexible SC Contracts with Options; Build-to-Order Meets Global Sourcing for the Auto Industry; Practical Modeling in Automotive Production; Discrete Event Simulation Models; Diagnosing and Tuning a Statistical Forecasting System; Enterprise-Wide SC Planning in Semiconductor and Package Operations; Production Planning in Plastics; SC Execution Using Predictive Control; Production Scheduling in The Pharmaceutical Industry; Computerized Scheduling for Continuous Casting in Steelmaking; and Multi-Model Production Planning and Scheduling in an Industrial Environment. |
Global Supply Chain Management Simulation
Challenge. When companies provide extensive product options, it makes predicting and fulfilling customer demand highly complex. This simulation illustrates how a few key decisions can …
GLOBAL SUPPLY CHAIN MANAGEMENT SIMULATION
Our revised version of the Global Supply Chain Management Simulation includes an updated interface and modernized features in the product line managed by students. In this single …
Global Supply Chain Management V2 Simulation
Global Supply Chain Management V2 Simulation. When companies provide extensive product options, it makes predicting and fulfilling customer demand highly complex. This simulation …
Global Supply Chain Simulation Introduction - ctl.mit.edu
In the Design Room, you first meet your team. After introductions, click “Choose Options”. The Design Room initially shows forecasts and unit profits for Model A and Model B with no …
Global Supply Chain Management Simulation - Temple …
Global Supply Chain Management Simulation www.enspire.com Page 3 of 9 3) How to Play The Global Supply Chain Management Simulation Introduction In this game, you are in charge of …
Transition Guide Global Supply Change Management …
Global Supply Change Management Simulation v2. HIGHLIGHTS: . simulation interface to match current HBP simulation designs. Clearer messaging and updated visuals enhance the look …
INTRODUCTION TO SUPPLY CHAIN SIMULATION
This tutorial will detail the reasons why one would want to use simulation as the analysis methodology to evaluate supply chains, its advantages and disadvantages against other …
global supply chain management simulation - Amazon Web …
in this single-player simulation, students set up a global supply chain to deliver two models of mobile phones. The simulation takes place over four years and students visit four different …
Global Supply Chain Management Simulation V2
Global Supply Chain Management takes you step by step through the process of creating and managing a global supply chain strategy and aligning it with the conditions of your industry.
Global Supply Chain Management Simulation (book)
A global supply chain management simulation is a digital model that mimics the intricacies of a real-world supply chain. It provides a safe and controlled environment to experiment with …
Syllabus: IDS 3163, Global Supply Chains & Logistics
write a paper by selecting a global supply chain and investigating the history that influenced its current configuration, how comparative advantage, labor practices, and other social and …
Supply Chain Management Simulation: An Overview - ISTE
chain management: integrating systems and processes using the supply chain to share valuable information, including demand notices, forecasts, inventory and transportation, etc.
HBSP Global Supply Chain Simulation Debrief
HBSP Global Supply Chain Simulation Debrief. Jarrod Goentzel goentzel@mit.edu. Materials adapted from debrief slides created by Enspire Learning and Harvard Business Publishing. …
Global SC Simulation debrief 2016June - Massachusetts …
HBSP Global Supply Chain Simulation Debrief. – How did you decide which options to choose? – How did you arrive at your forecasts? – How did you decide which supplier(s) to use?
Global Supply Chain Management Simulation V2
Global Supply Chain Management takes you step by step through the process of creating and managing a global supply chain strategy and aligning it with the conditions of your industry.
Inventory Optimization and Simulation Analysis for Supply …
Abstract. Increasing volatility in the global supply chain following the Covid-19 pandemic has led to a challenge in reliably managing inventory, especially for high-complexity medical devices. …
Global Supply Chain Management V2 Simulation
Global Supply Chain Management V2 Simulation. When companies provide extensive product options, it makes predicting and fulfilling customer demand highly complex. This simulation …
Supply chain management simulation: an overview - hal.science
chain management: integrating systems and processes through the supply chain to share valuable information, including demand signals, forecasts, inventory and transportation etc.
Global Supply Chain Simulation Introduction
Global Supply Chain Simulation Introduction. To access the simulation. Click the Harvard Business Publishing link in the email you were sent by the course administrator. It should have …
HBSP Global Supply Chain Simulation Debrief
HBSP Global Supply Chain Simulation Debrief. Jarrod Goentzel goentzel@mit.edu. Materials adapted from debrief slides created by EnspireLearning and Harvard Business Publishing. …
Global Supply Chain Management Simulation
Challenge. When companies provide extensive product options, it makes predicting and fulfilling customer demand highly complex. This simulation illustrates how a few key decisions can …
GLOBAL SUPPLY CHAIN MANAGEMENT SIMULATION
Our revised version of the Global Supply Chain Management Simulation includes an updated interface and modernized features in the product line managed by students. In this single …
Global Supply Chain Management V2 Simulation
Global Supply Chain Management V2 Simulation. When companies provide extensive product options, it makes predicting and fulfilling customer demand highly complex. This simulation …
Global Supply Chain Simulation Introduction - ctl.mit.edu
In the Design Room, you first meet your team. After introductions, click “Choose Options”. The Design Room initially shows forecasts and unit profits for Model A and Model B with no …
Global Supply Chain Management Simulation - Temple …
Global Supply Chain Management Simulation www.enspire.com Page 3 of 9 3) How to Play The Global Supply Chain Management Simulation Introduction In this game, you are in charge of …
Transition Guide Global Supply Change Management …
Global Supply Change Management Simulation v2. HIGHLIGHTS: . simulation interface to match current HBP simulation designs. Clearer messaging and updated visuals enhance the look …
INTRODUCTION TO SUPPLY CHAIN SIMULATION - informs …
This tutorial will detail the reasons why one would want to use simulation as the analysis methodology to evaluate supply chains, its advantages and disadvantages against other …
global supply chain management simulation - Amazon …
in this single-player simulation, students set up a global supply chain to deliver two models of mobile phones. The simulation takes place over four years and students visit four different …
Global Supply Chain Management Simulation V2
Global Supply Chain Management takes you step by step through the process of creating and managing a global supply chain strategy and aligning it with the conditions of your industry.
Global Supply Chain Management Simulation (book)
A global supply chain management simulation is a digital model that mimics the intricacies of a real-world supply chain. It provides a safe and controlled environment to experiment with …
Syllabus: IDS 3163, Global Supply Chains & Logistics
write a paper by selecting a global supply chain and investigating the history that influenced its current configuration, how comparative advantage, labor practices, and other social and …
Supply Chain Management Simulation: An Overview - ISTE
chain management: integrating systems and processes using the supply chain to share valuable information, including demand notices, forecasts, inventory and transportation, etc.
HBSP Global Supply Chain Simulation Debrief
HBSP Global Supply Chain Simulation Debrief. Jarrod Goentzel goentzel@mit.edu. Materials adapted from debrief slides created by Enspire Learning and Harvard Business Publishing. …
Global SC Simulation debrief 2016June - Massachusetts …
HBSP Global Supply Chain Simulation Debrief. – How did you decide which options to choose? – How did you arrive at your forecasts? – How did you decide which supplier(s) to use?
Global Supply Chain Management Simulation V2
Global Supply Chain Management takes you step by step through the process of creating and managing a global supply chain strategy and aligning it with the conditions of your industry.
Inventory Optimization and Simulation Analysis for Supply …
Abstract. Increasing volatility in the global supply chain following the Covid-19 pandemic has led to a challenge in reliably managing inventory, especially for high-complexity medical devices. …
Global Supply Chain Management V2 Simulation
Global Supply Chain Management V2 Simulation. When companies provide extensive product options, it makes predicting and fulfilling customer demand highly complex. This simulation …
Supply chain management simulation: an overview
chain management: integrating systems and processes through the supply chain to share valuable information, including demand signals, forecasts, inventory and transportation etc.
Global Supply Chain Simulation Introduction
Global Supply Chain Simulation Introduction. To access the simulation. Click the Harvard Business Publishing link in the email you were sent by the course administrator. It should have …
