Discover the mechanics of supply chains, strategies for procurement, inventory management, mitigating bullwhip effect and global supply chain optimization
Learning Objectives:
The dairy farm simulation is designed for students to understand the mechanics of supply chains through real-time decision making. In the course of the simulation exercise, students learn to adapt to demand patterns, develop procurement strategies at an echelon level, and at the same time manage global optimization of the end-to-end value chain. The simulation offers advanced game-play considering economies of scale, multiple SKUs, differential lead times, and disruption scenarios.
Simulation Outcomes:
An understanding of how global supply chains operate
Ability to analyze demand patterns, and respond effectively
Apply procurement concepts for supply chain cost optimization
Evaluate complex scenarios with multiple SKUs, different lead time, economies of scale at echelon level, and disruptions
Develop supply chain coordination and optimization strategies