Beer Game

So we calculated the TIL (Target Inventory Level) – 821 kits and reorder quantity – 713 kits with Z, 98% probability of not stocking out during the period, according to periodic review system method for last 52 days. After making last order we reset the reorder quantity and reorder point both to ‘0’ not to make anymore orders.

We began our analysis by searching for bottlenecks that existed in the current system. It was easily identified that major issues existed in the ordering process. Without calculations, you could tell the reorder point was too low since the historical plots showed inventory levels at zero for two or more days at a time. The number of jobs in customer orders showed correlating spikes at the same time of the inventory outages. We reviewed the utilization and queues of the other stations in the system but were hesitant to make in immediate changes since we were not entirely certain the effects of correcting the inventory policy.

I enjoyed the Global Supply Chain Management Simulation (GSCM). It was exciting to be a Manager of the supply chain of a mobile phone manufacturer. I learned very quickly the pressures of running such a large operation. In this review, I will discuss lessons learned regarding conceptions shown in the simulation. I will explain how if completing the simulation again, what I would complete differently. In conclusion, I will talk about my key overall takeaways from this exercise.

(i.e. products that they get to order only once because of long supplier lead times). First they determine a forecast for an item and then they have a process for converting that forecast into an order quantity.

In the Fixed-Order Quantity Model (Q-Model), every time that the stocks reach a specific level an order is placed. Q-Model requests a constant monitoring in inventory levels. The risk of stock out only occurs during the lead time, thus the safety stock is less than in P-Model for the same service level. Reorders are placed when stocks reach (R), and the safety stock that must be reordered is:

Raising maximum distributor order, more than customer demand is one good choice made in the three games. According to the supply chain order, the maximum distributor order totals to 15units compared to a maximum demand of 9units. These figures prove that backordering costs will not occur during business operations. Good inventory management techniques require placing adequate orders to reduce backordering costs. The cost and time of backordering affects operations and hence the need to adequate inventory to match demand changes. An average customer order of 7units compared to average distributor order of 5units points to low backordering costs. A minimum customer order of 4units means that market demand is under control from

Overall the aim of the game is to facilitate a virtual simulation of drinking scenarios teenagers may be exposed to in the real world and for the player to experience the consequences of their drinking choices and actions in a safe environment.

In this final paper for Managerial Finance I will attempt to show how the supply chain inventory management method can be affected depending on the situation of the retailer. Studying the control method for problems in inventory, which would include both, excesses in inventory as well as shortages, and hoping to minimize loss.

The customers, wholesalers and retailers may order in large quantities with the expectation that they will receive a greater allocation of products that are in short supply. The impact on the supply chain is significant as the forecasted demand is greatly, and unrealistically, increased with these inflated orders. Eventually orders disappear and cancellations pour in, making it impossible for the manufacturer to determine the real demand for its products

10,000 Beers by Alex Broun is an energizing and unique style of an Australian work, investigating masculinity, sport and mateship. The play explores a theme that is seen very little on our contemporary stages, yet brings to light issues that are ever-present in our Australian culture such as the pressure to compete or preform. Another further concept looked at within the play is the negative impact that mateship in sport can really have on an athlete. With school soon coming to an end, I decided it would be apt to delve into a play which explores part of my life outside of school. Sport. As an athlete I’ve lived the lifestyle that the characters in the play have, experienced it first-hand. As this play is about sport, it ultimately gives a

This submission analyzes the results of the supply-chain simulation completed. This analysis will comprise several noted points encountered in the simulation. Each discussion point will include a discussion of the correlation of the author’s actions with the simulation results, comparative success results, and alternate actions to produce better results. Further analysis will be applied to the author’s actions with relation to just-in-time

A review of Costco Wholesale Corporation key parameters in supply chain operations with a view to suggesting improvements and operational predictions for better economic impact.

The SCM Globe system is a learning tool whose purpose is to provide hands on education in the basic dynamics of supply chain management. During the course of the semester, while using the SCM Globe simulation and performing the activities related to the case study presented, students were afforded the opportunity to manage and operate different supply chains. Students got a firsthand feel of how supply chains operate.

SCM Globe is a supply chain game designed to teach concepts in supply chain design, demand forecasting, resource allocation, and production planning by the use of illustrating how different supply chain designs produce different operating results and explore how to manage those results. The game is performed in a real-time setting that allows for helping to create a supply chain that meet customer demands for products with the lowest operating costs and lowest inventory levels. The simulation gives students an opportunity to design and manage the supply chain of stores that sell Crunch Candy and Just Born Candy. During the simulation experience, students create products, facilities, vehicles and routes while

It is assumed that the logistics strategies outlined in this report would apply to any divisions in Tsingtao Brewery. As such, it is also assumed that other divisions run very similar supply chain management systems to that of South China Sales Company. The final assumption is that investment by the Tsingtao Group in the supply chain is a very manageable investment for them.