What is global supply chain management simulation?

The Global Supply Chain Management Simulation is designed to teach intermediate to advanced concepts in supply chain design, demand forecasting, resource allocation, and production planning.

What is supply chain simulation?

A supply chain simulation shows the behavior of a logistics network over time. The logical rules of a supply chain are represented in a simulation model and then executed over time, making the simulation dynamic. For example, production is started when orders deplete inventory below a threshold.

What is the root beer game?

The root beer distribution game (also known as the root beer game) is an experiential learning business simulation game created by a group of professors at MIT Sloan School of Management in early 1960s to demonstrate a number of key principles of supply chain management.

What is Littlefield simulation?

Littlefield is an online competitive simulation of a queueing network with an inventory point. Faculty can choose between two settings: a high-tech factory named Littlefield Technologies or a blood testing service named Littlefield Labs.

Why is simulation important to supply chain management?

SIMULATION allows you to model any existing supply chain or a proposed new supply chain and see how it works. It shows how different designs will operate, and what their costs and performance levels will be.

What is logistic simulation?

Logistics simulation allows the user to maintain relationships throughout the value chain, in order to better understand how different changes, affect the overall logistics & supply chain as well as individual processes.

How do you beat the beer game simulation?

How Do You Win At Beer Game? By the end of the game, aim to have 250 items in your inventory. You should keep your cost under $8 if you have excess inventory and backorders. Don’t increase the overall cost of the supply chain by excessive order behavior on your part.

What are the lessons learned from beer game simulation?

5 Key Lessons to Learn from a Beer Game Session

  • Understand the role and the challenges of a supply chain manager.
  • Collaboration, teamwork and trust make THE difference.
  • Why “bad systems beat good people” and making the case for a systematic approach to supply chain management.
  • Agile supply chains achieve better results.

How do you beat the game business simulation?

How to win – Business Simulation Tips

  1. Invest time learning and never rush decisions.
  2. Understand the goal from the get-go.
  3. Research must underpin marketing and financial decisions – don’t guess to success.
  4. Create a strategy based on the goal and research data.
  5. Markets can be volatile so be able to pivot and change.