Toconsultthefulltableandthecorrespondinggraphs,pleaserefertoAnnex1whichshowstotalexpecteddemandforthisregionisaround27778units. The needs and objectives of the company should be prioritized in selecting a supplier for the products or raw materials required by a business. We are also thinking that final Toconclude,thecontrolthegameofferedandthefactthatitwascontinuousmadeitafunwaytolearnaboutsupplychainmanagement. However profit would increase to $211.80 per unit. We have learnt the valuable experience from the last simulation that forecasting, future demand is a key factor to be competitive. The highest possible profit per unit is made if both the factory and warehouse are located within the region they serve. As we progress through the rest of the regions we will have to determine HadIbeenabletoproduceattheratespecifiedinthetableinpart4,Iamconfidentmylostorderswouldhavebeendramaticallyreduced. EXECUTIVE SUMMARY 1.1 Key Facts 2. Production parametersYou have $20,000,000 to design your network. - More than 30 large-scale battlefield maps in war game. The Loan Fund that Mr Pedro offered me enabled me to take advantage of an incredible opportunity to relocate and expand my business, at a pivotal time. 22 August. We began our initial analysis by reviewing the instructions in detail. This calculation tells us that daily demand of about 33.5 is required to justify a factory. Day 919 - Tired of losing sales at Sorange, increase capacity by 5 more, to 65. 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. Serve the market using excess capacity from Calopeia. Calopeia For the Calopeia region, the assignment stipulates that demand is very seasonal but stable. This is a vital and basic process in entering the supply chain games. TheriskofrunningoutofstockwhendemandpeaksisalsoareasonwhyIdecidednottoservetheothermarketsuntilday790. A new factory has a fixed cost of $500,000, so there is clearly no payoff to build a factory in Entworpe. There are 610 days to make the capacity 44 because 26811/610 days = 44 and to achieve the optimal amount in 45 before stopping the production. However,IreflectedonthemistakesmadeandproposedsomeimprovementswhichconvincesmethatifIhadasecondruninthissimulationIwouldfinishwithlesslostorders,asmoothertransportationsystem,anappropriateinventoryandultimatelyahighercashbalanceonday1460. 2022. We can easily see that a warehouse is justified with this amount of demand. In addition to the above, it is also important to calculate the number of days of operation each additional facility will offer. Teams were tasked with creating an optimal strategy, one that would 'beat' the other teams in the class. 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. This doesn't even take into account the ability to use excess capacity in Calopeia to serve Entworpe. The main strategy for this region is deploying Lean Processes that we would like to, minimize the cost at low as possible and utilize the capacity of the machine. In addition to the above capacity increases, we have also monitored the various priority levels and Head back three screens and use the pickaxe to break through the wall. There is no Timeline: Capacity in 45 drums addresses the companys focus on maximizing profits because increasing capacity, Jacobs receives the opportunity to accept more orders, and to reduce production and transportation costs. to finally get ahead of demand when capacity comes online. all factories continue to operate at maximum capacity, as we know that we will be unable to fulfill all Ialsoseverelydeviatedfrommyinitialtransportationstrategywhichwastosticktotrucksthroughoutthegame. *includingFactory500kandWarehouse100k. Build a warehouse in each region. Additionally, each supply is influenced by the decisions of its customers, thus influencing its operations. Thisexampletestifiesoftheimportanceandunpredictabilityofexteriorfactorsinasupplychainwhichisaconceptthatisnotintegratedinthesupplychaingame. In addition, the warehouse will store inventory as low as possible to meet the fluctuate demand and as a part ofLean processes. 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Push your army through the borders of the continent and conquer nations. Order point: Calopeia factory to Sorange warehouse. Shipping from Calopeia factory to Sorange warehouse. Decision: Build a warehouse only in Tyran on day 731. It probably wouldn't have paid for itself. Satisfying of quality was a key requirement for the company thus helping in realization of its objectives. Initial capacity of the factory is 30, with 5 additional units of capacity added approximately every 30 days. By the time demand in Calopeia increased to the point where there was no extra capacity, we had built up an inventory of about 3000 units in Sorange as well. approximately 14 days for the first product to reach market. SWOT ANALYSIS 5.1 IFE Matrix 5.2 EFE matrix 6. ThankstothesetablesandmypreviousfiguresIcanroughlyestimatemyfinalcashfigureonday1460. Themostprofitablewaythatmarketcanbeexploitedisthroughlocalproductionandwarehousing. - Omnidirectional combat space for strategy games: naval, air, land. With regards to the issue of supply chain management, businesses are required to be steadfast in selecting their partners. . How does information distortion happen in this supply chain, and what would be your suggestions to reduce it? Order quantity: Calopeia factory to Entworpe warehouse. Production Capacity Increase production capacity from 70 to 80 since including other countries only add about 15% more demand and there is small loss demand in Calopeia with current capacity. Day 792 -Recalculated average demands to this point in the game. Satisfy demand in Fardo from Sorange warehouse. Serve the market using excess capacity from It is important to be flexible while choosing the shipping method. INTRODUCTION 2.1 Business profile 2.2 History 2.3. Trucks are chosen when more than 100 drums should be shipped. Production Capacity Increase production capacity from 70 to 80 since including other countries only add about 15% more demand and there is small loss demand in Calopeia with current capacity. TheCalopeiaregiondisposesofafactorywith70drumsadaycapacityandawarehouse. Schedule factory capacity change in Sorange. Satisfy demand in Fardo from Entworpe warehouse. Thefollowingformulaisusedtocalculatethemovingaverageforacertainperiod: whereFt+1=forecastforperiodt+1;n=numberofperiodsusedandAi=actualdemandinperiodi. do feel like we made the best choice in not adding additional capacity beyond day 1100. ThesecondlimitationIobservedisthelackofinteractionwithothercomponentsofthesupplychain. Calopeia 580 X 15 X 61.80 = $537,660, less the 100,000 warehouse cost and $750,000 cost to increase capacity results in a net loss. question of serving this area. We also thought that we could meet some of the demand in Sorange once the warehouse came on line. From our experience at the end of round one we did not want to end up with extra Thisisadirectconsequenceofnothavingrespectedthecapacityschedulesaslesscapacityatalaterdatemeantittookmelongertoproducefinishedgoods. IvyPanda. to make strategic, tactical, and operational decisions. professional specifically for you? The Suppy Chain Game Writeup. The calculation for a factory is: 19 X 25 X 596 = $283,100 Again a factory would not pay for itself. Head left and put the wheel on the cart. remainsthehighestpossible. This is IvyPanda's free database of academic paper samples. I really want to appreciate there effort also try to get this to anyone looking for business loan or other financial issues to Contact Le_Meridian Funding Service On Email: lfdsloans@lemeridianfds.com / lfdsloans@outlook.com He also available on WhatsApp Contact:+1-9893943740. ThosetwoextracapacityadditionswouldallowthefirmtokeepupwiththeCalopeia,Sorange,EntworpeandTyrandemandsasisdetailedinannexes4to7. BelowIwillanalyzethosemistakesandexplainhowIcouldhavedonebetter(refertoannex8forSCORmap). 11. Using the same methodology A key phenomenon in supply chains is that of coordination, whereby a business should be steadfast in monitoring the operations of its suppliers. KnowingthatIonlyusetrucksasamethodoftransportation,thebreakevenpointissoonerthankstoabiggerprofitmargin: [(20*50000)+500000+100000]/1450-1238.28=7557units. Sudden Strike 4 Complete Collection ($39.99 ERP): Available March 1-31. AGILEA was createdin 2009, and introduced supply chain simulation game for management of Customers' demand, Suppliers' order book, inventory levels, backlog. This will help in boosting efficiency in the issues of supply chains. These mistakes should be avoided by ensuring a high sense of consciousness in selecting the supplier. . Gives you the best experience of strategy games. Once IvyPanda. This is aimed at lessening the supply process of various goods to different destinations. seasonal cycle, we built up every bit of inventory that we could. Inreallife,afirmwouldhavedifferentoptionssuchasastrategicpartnershiporoutsourcingwhichmayhavebeencheaperthanbuildinganewfactory. Because of this inventory buildup we did increase holding costs and lose interest revenue, but we were certain that the per unit profit justified these costs. 2. - Mobilize troops, charge into battle, rekindle the battle of WW2. This may be in terms of high pricing, delays in delivery and low quality. 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2. ThiscouldhavebeencatastrophicforthefirmbutthesupplieralsohappenedtoserveSonyEricssonandthepromptwayinwhichNokiadealtwiththesituationenabledittogainmarketshareatSonyEricssonsexpense. Pangea Supply Chain Management Simulation/Game Report, Click here to find your hidden name meaning. Osvald's story takes the unusual step of setting his first two chapters back-to-back, but at least the second chapter is much shorter. IvyPanda. our product, each with different demand characteristics, though the final selling price in each market was 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. 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. Ultimately we decided not to build any additional capacity. (2019, August 22). "Calopeia: Supply Chain Game Write-Up." Calopeia Air Conditioners Seasonal-stable 39 8. The concept of supply chain games is an online supply network simulator for demonstrating the actual nature of supply chains. factory and warehouse are located in a different region than the market served. By adhering to these phenomena, business entities entailed in the practice of supply chain management are able to streamline its operations. However, focusing on savings in production and transportation costs, it is possible to add capacity on Day 938 instead of 822 in order to balance the production schedule and costs. GUIDELINES FOR OPERATIONS IN JAPAN 5. depending on the location of both the factory and the warehouse. 0000005867 00000 n
Order point: Calopeia factory to Entworpe warehouse. We will first determine if it makes financial sense to build a warehouse in Entworpe. certain that the per unit profit justified these costs. The question now is whether to take it higher, or are we better off building Itleadmetorunoutofstockonday762until785. Estimatedremainingdemand(seeAnnexes1,2&3). 0000003873 00000 n
Transaction History, We will write a custom Report on Supply Chain Game specifically for you for only $11.00 $9.35/page. Assumingafactorycapacityof20,belowisthebreakevenanalysisforFardoifIbuiltafactoryandawarehouse. Thanks to having the inventory build up we were able SoIexpectamaximumof4855unitsinlostdemand,whichwouldrepresentalostprofitof4855*136.72=663776. Perhapssometrialanderrorcoupledwiththosemodelswouldhavebeenabetteralternative. Order quantity: Calopeia factory to Sorange warehouse. Knowing that additional capacity takes 90 days to build, we can see that we shouldn't add any capacity after day 1100. We believe this is the only way to turn a profit in this market. Order point: Calopeia factory to Calopeia warehouse. Inowrealizethatforexample,areorderpointof2169andanEOQof649wouldhavebeenenoughinCalopeiafromweek114to117(insteadofmorethandoublethat). This chain of supplies is aimed at ensuring that each business meets the demands of its customers. First,manykeyfactorsthatarepresentinreallifearenotincludedinthegamesuchasproductquality/obsolescence,costoflabour,rawmaterialspricefluctuationsorinterestratesandforeigncurrencychanges. ThisreportwilloutlinetheinitialstrategyIadoptedbeforethesupplychainsimulationstartedwhichwillincludethedifferentforecastsandtheoperationaldecisionswhichresultedfromthem. August 22, 2019. https://ivypanda.com/essays/supply-chain-game/. The calculation for a factory is: "Calopeia: Supply Chain Game Write-Up." capacity may end up higher than originally anticipated at 70-75. demand later in the game. 3. 2. Day 1008 - Now that demand is dropping in Calopeia, adjusted re-order points and batch sizes. 1. We wanted to be sure that we didn't miss any costs like we did in the first round. Thus,frommonth27,Calopeiafactorywillserveallmymainlandregions. We will first determine if it makes financial sense to build a warehouse in Entworpe. The island of Fardo has substantially higher freight costs, so it must be considered separately. Forgot to increase capacity by 5 on day 760. Expanding the capacity by 20 drums produced per day, the company faces capacity costs in $1,000,000, and 90 days are necessary to complete a capacity expansion. Similarly, the payoff for a factory in Entworpe would be 8 X 25 X 596 = $119,200 A new factory has a fixed cost of $500,000, so there is clearly no payoff to build a factory in Entworpe. Go through. IbelievethefactthatIusedmailmorethanintended,theinventoryissuesandthecapacitydelaysmadethedifferencebetweenmyfinalcashbalanceandthefirstplacesintherankings. Initial Situation Assessment At the end of the first part of the game, Day 730, we had the following available data, which was essential to trigger a strategy for the second and final phase: Cash Balance: $6,797,000 Calopeia's Warehouse Inventory: 2,528 drums Calopeia's Production Capacity: 70 drums/day In this second stage, we had 4 different This was early, but I was going to be asleep at 5:00 AM when it needed to be done. We began to serve both Tyran and Entworpe right away from the Calopeia warehouse. . The cost without the number of drums x$1000 is 190 (batches) x $1500 (price per batch) = $285,000. (2019) 'Supply Chain Game'. Productionoptionsarelimitedtobuildinganewfactoryorincreasingthecapacityoftheexistingone. Added 1 more unit of capacity to 17, Day 917 - Increased capacity at Sorange factory by 5, now 60. Theconsequent5694instockwouldbeenoughtosustaindemandinCalopeiauntilmonth30. The next step is the increase of the batch size to 400 items to maximize production and transportation savings. The business selling the products also ensures ordering enough raw materials from its suppliers so as to meet its customers demands. You can do lots of things to improve supply chain performance and lower costs. Decision: Build a warehouse only in Entworpe on day 731. Therefore the number of days of sales available is roughly 580. Onday730,IchangedthetransportationmethodtotruckasplannedbutatypingerrormeantIordered2600drumsonday740,insteadof1000. It should be noted that supply chain management is one of the most essential aspects in attaining business success in recent days thus there is a need for devotion. In comparison, it costs $150 to mail one drum. Here are all the upcoming games and their release dates, including Wo Long . Team 1: Abu Bakar Memon, Maira Siddiqui & Zeerak A. Ansari. Day 938 It is necessary to achieve the optimal capacity in 45 drums per day. inventory of about 3000 units in Sorange as well. this is Amazing! Inthisregard,Iplottedthemaximummonthlyproductionachievablepermainlandfactory(SorangeandCalopeia)inannex4tocomparewiththetotalmainlandmonthlydemandinannex5. The factory has an initial daily capacity of 70 and is currently only serving the Calopeia market. Pick up the wheel and head back out. While the product sale price does not vary, the cost to bring the product to market does vary by region, IfIsummarizetheorderdataavailableslightlyafterday730bymonth,Iobtainthefollowingtable: Inowneedtodeterminetheintercept(a)whichisgiventhroughthefollowingformula: Icannowdeterminetheslope(b)withthisformula: NowthatIhavethevaluesofaandb,thefollowingregressionequationcanbeusedtoforecastfuturemonthsorders: Withthisequation,IcouldconstructthefullforecasttableandthecorrespondinggraphinAnnex2whereonecouldseethatestimatedremainingdemandforSorangeis51629. miss any costs like we did in the first round. The Supply Chain Game is an online simulator where you can expand and manage a network of factories and warehouses to supply new markets in new regions on the fictional continent of Pangea. First,togivemesomeleewayincaseanunexpectedeventsuchasasurgeindemandcametomaterialize. A factory takes 90 days to build, and we cannot rely on demand beyond day 1430. Scheduled additional capacity in Calopeia of 8 units per day to DO NOT SELL anything from Calopia WH to any region (except its local customer) from day starting till WH is ready.6. expected in both Entworpe and Tyran. Firstbelowisatablesummarizingmyinvestmentsininfrastructure. Misrepresentation - This is specifically made for exam purpose of contract law. Satisfy demand in Entworpe from Sorange warehouse. Themovingaveragetoolfitsperfectlyasitwillreflectseasonalityanddoesntfocusonrandomnessortrends. It is important to note that Tyran and Entworpe will use nearly all of the excess capacity from Calopeia. Your privacy is extremely important to us. We calculate that by day 820, when the factory would first be operational, daily demand would already be at approximately 30 per day. The key objective of supply chain game is to maximize cash position at the end of the game which is in this case identified as a key aspect in meeting the pursuit for profit. In addition to the above, it is also important to calculate the number of days of operation each additional Priority Level Day 820 -Increased capacity at Sorange factory by 5, now 45, Day 829 -Realized that demand in Fardo is higher than originally calculated. ThelatterpartwillbeconcernedwithdetailingtheprogressofthegamewithaparticularfocusonthemistakesmadeandwhatcouldhavebeendonetoachieveabetteroutcomebeforeconcludingwiththelimitationsofthesimulationandwhatIretainfromthewholeexperience. Increased capacity by 1 to 16, Day 852 -Increased capacity at Sorange factory by 5, now 50, Day 894 -Increased capacity at Sorange factory by 5, now 55, Day 895 -Demand in Fardo is still higher than capacity. We begin the game with plenty of capacity, as well as considerable inventory in Calopeia. 3. a long stretch with no demand in Entworpe, and inventory just sat there, meanwhile we were losing sales Thisaspectisoneofthekeychallengesinmodernsupplychainmanagement. The main motive making business to engage in supply chain management is to enhance their efficiency. How come? Order quantity: Calopeia factory to Calopeia warehouse. Satisfy demand in Sorange from Entworpe warehouse. GROWTH STRATEGY 7. Order priority: Calopeia factory to Entworpe warehouse. LP}KsZ9B\m. 3. The only other decisions to be made were at the end of the game. Order point: Sorange factory to Entworpe warehouse. Trick: Day 630, capacity at Calopia add 30 to be 100, Factory at Sorange should be first 30, then add 20 more to be 50, Fardo Factory good at 20. In this paper we review an innovative web-based simulation game for teaching supply chain management concepts. Again a factory would not pay for itself. Demand forecasting 2.1. 0000005135 00000 n
For a batch size of 200, There is no question of serving this area. Assuming a factory with capacity of 30 per day, batch size of 200, and shipping by truck, it would take approximately 14 days for the first product to reach market. Demand in Tyran is averaging 19 per day, and is level and non-seasonal. Since a warehouse costs only $100,000, the additional profit provided by a warehouse is definitely worthwhile. In addition we had proper safety stocks built up in both 1. First,thedemandforecastforeachregionwillbeestablishedandIwillthenmakedecisionsregardinghowtoexploitthesemarketsinsection3. As commander in chief, you lead your own nation in Wargame1942. It contains thousands of paper examples on a wide variety of topics, all donated by helpful students. This will go into operation on day 1098, and we believe that it will definitely pay for itself over the remaining 330 days. This new feature enables different reading modes for our document viewer. 8 April. Manage your resources and invest them carefully. We do feel like we made the best choice in not adding additional capacity beyond day 1100. Thenexttwotablesshowthatmyfullproductioncapacitywillequal118800unitswhilethetotalexpecteddemandfromallregionswillbe116965unitsfromday730. AlthoughIdidnotparticipateintheinitialoneregiongame,Irealizedthatforecastingwaskeyinanticipatingdemandlevelsandadjustingproductioncapacitytooptimizeprofit. Therefore stockouts here can be costly. 2022, ivypanda.com/essays/calopeia-supply-chain-game-write-up/. Right away we could see that, while the basic game was the While increasing the order quantity or the batch size, it is possible to decrease transportation costs. - Morale system, lower your enemy's morale to weaken their firepower in the war games. ThesectionsbelowwilldetailhowIintendtoachievethatandhowIwillmanagemynetworktoensureIamleftwiththehighestcashbalanceattheendofthesimulation. 0000074923 00000 n
by Chang, Chinese Exclusion Act and Immigrants' Protests, The Stochastic Demand for Optimum Blood Inventory Management, The Impact of Energy on Logistics Systems, Perishable Goods and Related Logistics Issues, Transportation Freight/ Logistics: NVOCCs. First,itisusefultobreakdownthecostsassociatedwithmyactivity(basedonabatchof200). IvyPanda. 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.