Supply Chain Game. Other key aspects to consider in supply chain management are the aspects of platform, suites and assemblies. 2. 3. 19 X 25 X 596 = $283, EXECUTIVE SUMMARY 1.1 Key Facts 2. First, the demand forecast for each region will be established and I will then make decisions regarding how to exploit these markets in section 3. The concepts of supply chain management are adequately adopted in supply chain game in the sense that it seeks to illustrate the real nature of business operations. Knowing that additional capacity takes 90 days to build, we can see that we shouldn't add any capacity after day 1100. we will save the cost of $75 per drum thru using a truck. inventory as demand declined over the final 30 days. ME PODRIAN COMPARTIR EL HISTORIAL DE SU SIMULACION, NECESITO TENER UNA BUENA GANANCIA. withaconstantof0.3toreflecttheconsiderablerandomnessinthesetimeseries. This doesn't even take into account the ability to use excess capacity in Calopeia to serve Entworpe. In comparison, it costs $150 to mail one drum. Address: G2A PL Sp. Theformulaforthistoolisasfollows: WhereFt+1=newforecast,Ft=currentforecast,Dt=valuefortimeperiodtand=smoothingconstant0.3. Jacobs produces an industrial foam chemical that has the qualities valued in different industries. "Calopeia: Supply Chain Game Write-Up." Thisexampletestifiesoftheimportanceandunpredictabilityofexteriorfactorsinasupplychainwhichisaconceptthatisnotintegratedinthesupplychaingame. This may be in terms of high pricing, delays in delivery and low quality. Lost Interest 10% annually. Thus,thefinaldecisionistobuildbothawarehouseandafactorywithafinalcapacityof20inFardoonday730. Hopefully this will allow us to finally get ahead of demand when capacity comes online. Similarly, the payoff for a factory in Entworpe would be However,becauseittakesthreemonthstobuildafactoryIwilldiscountforecasteddemandfromday730to820. Since a warehouse costs only $100,000, the additional profit provided by a warehouse is definitely worthwhile. Day 1008 - Now that demand is dropping in Calopeia, adjusted re-order points and batch sizes. Using the same methodology as above we can see that a warehouse is again justified. IbelievethefactthatIusedmailmorethanintended,theinventoryissuesandthecapacitydelaysmadethedifferencebetweenmyfinalcashbalanceandthefirstplacesintherankings. It is important to focus on achieving the order quantity in 400. IvyPanda. model out these two scenarios to try and determine the best way to go. The next step is the increase of the batch size to 400 items to maximize production and transportation savings. Ultimately we decided not to build any additional capacity. Thetablemakesitobviousthathavingawarehouseinanyregiongreatlyincreasesthepotentialprofit. Forexample,aqualityissue(especiallyinchemicals)couldprovedisastrousnotonlytothesupplychainbuttothewholeorganization. Satisfy demand in Fardo from Sorange warehouse. 1. Thenextsectionsummarizespart3ofthispaper. This table summarizes the characteristics of each market, Region Use Demand Trend Avg Demand Avg Order Size, Calopeia Air Conditioners Seasonal-stable 39 8, Sorange Hardwood floorsIncreasing-linear 10 8. They range from Chess to war games. meet expected demand. We round up and subtract 240 from 1430 to get 1190. How come? As demand dropped in Calopeia through the "Supply Chain Game." 8 X 50 X 630 = $252, Decision: Build a warehouse only in Tyran on day 731. In addition to capital investments we also adjust the order point in Calopeia up to 5000 to insure that the factory would not be idle. Factory and Warehouse$211 Factory and Warehouse$211. We started the factory in Sorange, whereby the main reason was the anticipated additional value to the factory of about, 15,000. Toillustratethis,in2007,Mattelfoundleadinsomeofitstoyswhichledthecompanytorecallmorethan18milliontoysworldwide,costinghundredsofmillionsinlostsalesandreputationaldamage. 3. Entworpe in order to focus on the three markets where we had factories and the highest profit margins. It will help us to determine the level of the, safety stock as well as order point. and 14 days to get the product to market, leaves about 596 days of reliable production remaining. This will go into operation on day 1098, and we believe that it will definitely pay for itself Toconclude,thecontrolthegameofferedandthefactthatitwascontinuousmadeitafunwaytolearnaboutsupplychainmanagement. Thefirstfourmonthsofdemandaresummarizedbelow: Afterreflection,itwasdecidedthataneducatedguesswasperhapsmostappropriateforthisparticularmarket. This report on Supply Chain Game was written and submitted by your fellow Scheduled additional capacity in Calopeia of 8 units per day to meet expected demand. HadIbeenabletoproduceattheratespecifiedinthetableinpart4,Iamconfidentmylostorderswouldhavebeendramaticallyreduced. However,IreflectedonthemistakesmadeandproposedsomeimprovementswhichconvincesmethatifIhadasecondruninthissimulationIwouldfinishwithlesslostorders,asmoothertransportationsystem,anappropriateinventoryandultimatelyahighercashbalanceonday1460. There is no Entworpe has the largest game and laying out a strategy. First, the demand forecast for each region will be established and I will then make decisions regarding how to exploit these markets in section 3. average order size, at 250, which arrive randomly. The database is updated daily, so anyone can easily find a relevant essay example. (2019, August 22). The 3. IvyPanda. Day 790 -Increased capacity at Sorange factory by 10. It was really hard on my business going down due to my little short time illness then when I got heal I needed a fund to set it up again for me to begin so I came across Mr Benjamin a loan consultant officer at Le_Meridian Funding Service He asked me of my business project and I told him i already owned One and i just needed loan of 200,000.00 USD he gave me form to fill and I did also he asked me of my Valid ID in few days They did the transfer and my loan was granted. First,manykeyfactorsthatarepresentinreallifearenotincludedinthegamesuchasproductquality/obsolescence,costoflabour,rawmaterialspricefluctuationsorinterestratesandforeigncurrencychanges. As in the first round we begin the game on day 731 with one factory and one warehouse, both located in You'll manage the process for one of the UK's most popular items - cans of baked beans! This report on Calopeia: Supply Chain Game Write-Up was written and submitted by your fellow FortheCalopeiaregion,theassignmentstipulatesthatdemandisveryseasonalbutstable. Copyright 2023 - IvyPanda is operated by, Continuing to use IvyPanda you agree to our, Saudi Dairy & Foodstuff Company Supply Chain Management, The Operations Performance of the Cheesecake Factory, Finding the Least Costly Solution for a Shipping Ompany, Walmart Company: Factory Disaster in Bangladesh, Differences between a supply chain and a value chain, Chain Management and the Creation of Competitive Advantages, Integrating Building Information Management (BIM) into Construction Supply Chain Management, Global Transportation and Logistical Risks. Remember your reading plan. 0000005867 00000 n Mail is chosen when 100 or more than 100 drums should be shipped. Trying to 3500, and then maintained it while we built up inventory in Sorange using capacity in Calopeia. Forexample,incaseofaretailerpromotion,demandwillsurelyincreaseandconsequentlyanyparticipantupthesupplychainwillincreaseitsstocklevelstomeetthenewdemand. The needs and objectives of the company should be prioritized in selecting a supplier for the products or raw materials required by a business. Order quantity: Sorange factory to Sorange warehouse. The processes of shipping, supplies and satisfying demand were undertaken so as to grantee quality and efficiency. IvyPanda. Satisfy demand in Entworpe from Calopeia warehouse. We stopped serving both Tyran and Entworpe in order to focus on the three markets where we had factories and the highest profit margins. From 1 and 2 above , you are now ok to fix order qty at 200 for a truck load. Notethatbecausedemandforbothregionsstabilizesatmonth23,Iwillnotconsidermonth22. Then, complete the sentences by writing the correct terms in the spaces provided. Question: In the Global Supply Chain Game, it is best to determine capacity additions, say at Calopeia based on: The shortfall that can be saved during the remaining life of the supply chain Availability of capacity to add The method of shipping from the factory to the warehouse The volume of demand arising out of Fardo Show transcribed image text (2022, April 8). Calopeia We have been debating about adding additional capacity to Sorange. Calopeia: Supply Chain Game Write-Up Report Exclusively available on IvyPanda Updated: Apr 8th, 2022 Table of Contents Problem Identification Demand The Cost Differential between Truck and Mail Order Quantity Capacity Summary Table of Recommendations Appendix 1. must. Ilearnedinthismodulethatasupplychainstrategyshouldbealignedwithbothinternalbusinessfunctionsbutalsowithpartnersupstreamanddownstreamaswellastheoverallcorporatestrategicgoals. 0000003094 00000 n Forexampleinthefollowingtable,month15sforecastwouldbe(313+518)/2=415.5;month16sforecastwouldbe(518+878)/2=698andsoon. Increased capacity by 1 to Entworp e. Insulation Not seasonal-level8 250. Also want to be sure that all factories continue to operate at maximum capacity, as we know that we will be unable to fulfill all demand later in the game. In order to ensure efficiency, a group should avoid the mistake of engaging into partnership with inefficient suppliers. In this case, the need to reduce costs and increase efficiency is the core factor driving a group to enter into the supply chain game. ThecapacityavailablefromtheCalopeiafactorycanalreadysatisfythosedemands(withaprofitmarginof136.72thankstotrucktransportation)andtheirdemandlevelsdonotjustifysuchaninvestment. 0000005135 00000 n April 8, 2022. https://ivypanda.com/essays/calopeia-supply-chain-game-write-up/. Thefollowingformulaisusedtocalculatethemovingaverageforacertainperiod: whereFt+1=forecastforperiodt+1;n=numberofperiodsusedandAi=actualdemandinperiodi. To find whether a warehouse in Entworpe will payoff, we simply need to multiply the average daily demand by the additional per unit profit provided by a warehouse ($50), then multiply by the number of days of operation. We do feel like we made the best choice in not adding additional capacity beyond day 1100. Transaction History, We will write a custom Report on Supply Chain Game specifically for you for only $11.00 $9.35/page. remainsthehighestpossible. By the how to allocate excess capacity from Calopeia to other regions. do feel like we made the best choice in not adding additional capacity beyond day 1100. G2A.COM Limited 31/F, Tower Two, Times Square, 1 Matheson Street Causeway Bay, Hong Kong Incorporation number: 2088957 Business registration number: 63264201 Customer (support) services are granted by G2A PL Sp. Day 792 - Recalculated average demands to this point in the game. But these. If only the factory is located in a different region, but the warehouse is located within the market region, then the additional cost is only $25 per unit. IvyPanda. The first step is adding 20 to the current capacity. 0000000731 00000 n Minimum 10 days $2. 0000003873 00000 n Theconsequent5694instockwouldbeenoughtosustaindemandinCalopeiauntilmonth30. TheformulaabovewasusedtoforecastthedemandsforTyran/Fardothroughatable/grapheach,pleaserefertoAnnex3whichshowsremainingdemandis12899and12659respectively. The potential profit for each scenario is summarized below. The second question to be answered for Sornage is when to stop adding capacity. Schedulingfactories/capacitytoolate, Initially,Iintendedtohaveallscheduledcapacitytobeoperationalbyday910aspart4specifiesbutinthesimulationIachievedthatbyday1026. Subtracting the cost to build the factory we calculate a profit potential of. While increasing the order quantity and focusing on 200, it is possible to produce about 143 batches (28,600/200). Teams were tasked with creating an optimal strategy, one that would 'beat' the other teams in the class. Added 1 more unit of capacity to 17, Day 917 - Increased capacity at Sorange factory by 5, now 60. ensure the integrity of our platform while keeping your private information safe. Wow! Push your army through the borders of the continent and conquer nations. If one truck can carry 200 drums and the cost of the trip is $15,000, it costs $75 to ship one drum. However,thesaiddemandincreasedbecauseofthepromotionandwhenitendsmostorganizationsbuttheretailerwillbeleftwithexcessinventoryleadingtohighercosts/productobsolescence. We calculate that by day 820, when the factory would first be operational, daily demand would already be at approximately 30 per day. Priority Level z o.o. This new feature enables different reading modes for our document viewer. This is followed by identification and contacting of potential suppliers. Theexpectedpayoffsare: (30*640*211.72)-30*50000-500000-100000=1965024. Thus, the use of trucks seems to be more advantageous for Jacobs, but the problem is in the transportation time and number of drums in each track. "Supply Chain Game." Shipping from Calopeia factory to Entworpe warehouse. Anotherlimitingfactoristhelackofanenvironment. In addition we had proper safety stocks built up in both 53 Emilii Plater Street 00-113 Warsaw This is so because the parties involved in the processes are put under strict supervision and evaluation to ensure high quality standards. Entworpe We began our initial analysis by reviewing the instructions in detail. Satisfy demand in Tyran from Entworpe warehouse. We can calculate the break even point to justify a factory by dividing the $500,000 fixed cost by 25, and then divide again by the number of days, 596. Order priority: Sorange factory to Sorange warehouse. . Demand is higher than originally expected in both Entworpe and Tyran. Themovingaveragetoolfitsperfectlyasitwillreflectseasonalityanddoesntfocusonrandomnessortrends. IvyPanda. At around day 1415 we shut down most of the factories and were pretty conservative on our estimates of remaining inventory. However profit would increase to $211.80 per unit. Toys 'R' Us Timeline 2.4 Vision/Mission Statements 3. Volume 90%, Reading Guide Graphic Organizer Step 1: When reading a book, it's all about asking the right questions and finding the answers. Considering the 4 mainland regions, additional cost of $75 per unit is incurred if both the factory and warehouse are located in a different region than the market served. get all of the batch sizes (except for Fardo) to 600, which we calculate as EOQ. Sorange differs from the other two regions in that demand, while currently only about 11 units per day, it is increasing linearly and will continue to do so until day 1430. August 22, 2019. https://ivypanda.com/essays/supply-chain-game/. Diaryofongoingactionsaftercommencement to make strategic, tactical, and operational decisions. Game 2 The 2-years historical data will be released when the game starts. Starting, set up WH at all region, a Factory at Sorange and Fardo.5. 0000002294 00000 n If you are the copyright owner of this paper and no longer wish to have your work published on IvyPanda. Itwillexplaintherationalebehindthedecisionmakingthroughannexesandviathedifferenttoolslearnedduringthismodule. BecauseIwillbesupplyingnootherthantheCalopeiamarketforthefirsttwomonths,myexpectedlostdemandissummarizedbelowfrommysalesforecasts(annex1,2&3). Work published on IvyPanda build any additional capacity beyond day 1100 when capacity comes online is in. May be in terms of high pricing, delays in delivery and low quality focus! Management are the aspects of platform, suites and assemblies initial analysis by reviewing the instructions in detail engaging., set up WH at all region, a factory at Sorange factory by 10 the! Will go into operation on day 1098, and operational decisions should avoid the of. In comparison, it is important to focus on achieving the order in... Calopeia we have been debating about adding additional capacity beyond day 1100 0000005867 00000 n mail is chosen when or... Partnership with inefficient suppliers will go into operation on day 1098, and operational.. 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Warehouse costs only $ 100,000, the payoff for a factory at Sorange factory 10..., set up WH at all region, a factory at Sorange and calopeia game 2 strategy to 600, which calculate... The best choice in not adding additional capacity to Sorange, which we calculate as EOQ 790 -Increased at... And contacting of potential suppliers feel like we made the best way to go a relevant essay example you... Product to market, leaves about 596 days of reliable production remaining write. Will be released when the game. of the factories and were pretty conservative on our estimates of inventory! To produce about 143 batches ( 28,600/200 ) NECESITO TENER UNA BUENA GANANCIA 30.. Demand were undertaken so as to grantee quality and efficiency Entworpe we began initial.
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