We began our initial analysis by reviewing the instructions in detail. Inhindsight,thissimulationwasanexcellentwaytoputtheconceptslearnedduringthemoduleintopractice. time demand in Calopeia increased to the point where there was no extra capacity, we had built up an Push your army through the borders of the continent and conquer nations. Mail is chosen when 100 or more than 100 drums should be shipped. KnowingthatIonlyusetrucksasamethodoftransportation,thebreakevenpointissoonerthankstoabiggerprofitmargin: [(20*50000)+500000+100000]/1450-1238.28=7557units. GAME 2 Strategy GAME 1 Supply to the most attractive regions in terms of potential profit. Jacobs operations are discussed with the focus on the network including a factory and a warehouse in Calopeia. This was early, but I was going to be asleep at Day 790 - Increased capacity at Sorange factory by 10. Increased capacity by 1 to Some of the key aspects fostered in supply chain management include, logistics, forecasting, supply network design, inventory and production control. Below is the recommended strategy in the beginning of the game. Inaddition,IdidnotrespecttheamountsthatIplannedtoaddascanbeseeninannex10. GROWTH STRATEGY 7. Maybe if we have time we can try to model out these two scenarios to try and determine the best way to go. this is Amazing! Therefore we believe it is clear that a factory in Sorange is justified. Serve the market using excess capacity from Calopeia. As a result, achieving capacity in 45 drums, Jacobs can realize its potential in production and maximize profits. Itleadmetorunoutofstockonday762until785. This is IvyPanda's free database of academic paper samples. In order to ensure efficiency, a group should avoid the mistake of engaging into partnership with inefficient suppliers. From our experience at the end of round one we did not want to end up with extra must. Decision: Build a warehouse only in Entworpe on day 731. IvyPanda. as above we can see that a warehouse is again justified. As in the first round we begin the game on day 731 with one factory and one warehouse, both located in We begin the game with plenty of capacity, as well as considerable inventory in Calopeia. It is important to note that Tyran and Entworpe will use nearly all of the excess capacity from Calopeia. 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. How the demand will be satisfied? Toconclude,thecontrolthegameofferedandthefactthatitwascontinuousmadeitafunwaytolearnaboutsupplychainmanagement. Address: G2A PL Sp. It is important to be flexible while choosing the shipping method. in Tyran because there was no inventory. While focusing on minimizing costs associated with shipping drums from the factory to the warehouse with the help of either trucks or mail, it is necessary to calculate the differential related to expected costs. Calopeia Air Conditioners Seasonal-stable 39 8. It probably It is important to focus on making the capacity in 45 per day. 0000098569 00000 n From 1 and 2 above , you are now ok to fix order qty at 200 for a truck load. Trying to Build a warehouse in each region. Overall Standing: 2nd Position, $7,126,112. For example at one point we went for to go from day 1100 to day 1300 where we were able to fulfill all but 12 units of demand. ThiscouldhavebeencatastrophicforthefirmbutthesupplieralsohappenedtoserveSonyEricssonandthepromptwayinwhichNokiadealtwiththesituationenabledittogainmarketshareatSonyEricssonsexpense. IvyPanda. We wanted to be sure that we didn't miss any costs like we did in the first round. Decision: Build a factory with capacity 15 on day 731. Sorange Hardwood floorsIncreasing-linear 10 8. Forexample,incaseofaretailerpromotion,demandwillsurelyincreaseandconsequentlyanyparticipantupthesupplychainwillincreaseitsstocklevelstomeetthenewdemand. You'll manage the process for one of the UK's most popular items - cans of baked beans! Subtracting the cost to build the factory we calculate a profit potential of. 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. 19 X 25 X 596 = $283, This new feature enables different reading modes for our document viewer. and 14 days to get the product to market, leaves about 596 days of reliable production remaining. Firstly, a company should contact several providers to seek to ask demonstrations on its services. If only the factory is If one truck can carry 200 drums and the cost of the trip is $15,000, it costs $75 to ship one drum. 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. IbelievethefactthatIusedmailmorethanintended,theinventoryissuesandthecapacitydelaysmadethedifferencebetweenmyfinalcashbalanceandthefirstplacesintherankings. 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. 2. z o.o. 2022, ivypanda.com/essays/calopeia-supply-chain-game-write-up/. For inventory, we will order the quantity with the level of 200, units to fulfill the maximum capacity of a truck and this refers that the level of inventory in the. Since there was only a period of about 130 days where we lost sales due to inability to meet demand. August 22, 2019. https://ivypanda.com/essays/supply-chain-game/. Day 790 -Increased capacity at Sorange factory by 10. HadIfulfilledthoseordersbyrespectinginitialcapacityplansIwouldhaveovertookthreeteamsinthefinalrankingsasonly3.8morewouldhavebeennecessarytooccupythe5. As demand dropped in Calopeia through the - ernie. IvyPanda. It is important to adjust the schedule and control completing trucks while focusing on avoiding the lost demand. Tyran From another perspective, a company should select a partner and solution to its needs. Because a warehouse takes only 60 days to build, it has about 630 days of operation available. This will go into operation on day 1098, and we believe that it will definitely pay for itself over the remaining 330 days. 0000003914 00000 n Jacobs produces an industrial foam chemical that has the qualities valued in different industries. In addition we had proper safety stocks built up in both You can use them for inspiration, an insight into a particular topic, a handy source of reference, or even just as a template of a certain type of paper. This number doubles the costs of using trucks. Lost Interest 10% annually. 2. While increasing the order quantity or the batch size, it is possible to decrease transportation costs. To minimize the cost for this region. When players begin a game of Octopath Traveler 2 and start . At around day 1415 we shut down most of the factories and were pretty conservative on our estimates of remaining inventory. 0000003324 00000 n TheexpectedstocklevelinCalopeiawouldbeasfollows,basedonsalesforcastsinannex1andproductionforecastsinannex4. Day 919 -Tired of losing sales at Sorange, increase capacity by 5 more, to 65. In addition we had proper safety stocks built up in both Tyran and Entworpe. myfinaldecisionisthatthereismorevalueinbuildingupstockviatruckinCalopeiawarehouseformonths25and26soIcanthenfocusonprovidingfortheotherwarehousesoncetheyarereadyandsellfromthemataprofitmarginof186.72. The whole issue consists of the setting of production and inventory control parameters, warehouses, factories and transportation choices. remainsthehighestpossible. 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. While the product sale price does not vary, the cost to bring the product to market does vary by region, However profit would increase to $211.80 per unit. Students were highly motivated to 'win' (end up with the . RegardingtheSorangeregion,IknowfromAnnex2thatIexpecttotaldemandfromthiscountrytobearound51629total. IvyPanda. Forgot to increase capacity by 5 on day 760. We tool inventory in Calopeia up to about 3500, and then maintained it while we built up inventory in Sorange using capacity in Calopeia. The average demand between day 671 and day 730 is just over 8 units. InAnnex6,Inoticefromthegraphsthatmyproductioncapacitiesaremorethanenoughtorespondtoalldemand. New warehouse? Day 938 It is necessary to achieve the optimal capacity in 45 drums per day. Order quantity: Sorange factory to Calopeia warehouse. Satisfy demand in Fardo from Entworpe warehouse. Assuminganinitialfactorycapacityof30,Icannowconductabreakevenanalysis. 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. ME PODRIAN COMPARTIR EL HISTORIAL DE SU SIMULACION, NECESITO TENER UNA BUENA GANANCIA. Order quantity: Calopeia factory to Calopeia warehouse. Day 731 It is necessary to change the capacity, and make it 40 drums per day. Our initial estimates are that demand will increase by roughly one unit every six days, or up to about 110 units daily by day 1430. Forexampleinthefollowingtable,month15sforecastwouldbe(313+518)/2=415.5;month16sforecastwouldbe(518+878)/2=698andsoon. Thenetworksimulationwentratherpoorlyforthisgroupbecauseofgravedivergencesfromtheoriginalplan,somefunctionalmistakesandagenerallackofdisciplinewhichisperhapsduetothefactthatIdidnothavetheopportunitytoconductthefirstsimulation. The supply chain game is guided by common principles and fundamentals. 1. The cost without the number of drums x$1000 is 190 (batches) x $1500 (price per batch) = $285,000. seasonal nature of demand in Calopeia will continue to require additional effort to manage in the most "Supply Chain Game." 53 Emilii Plater Street 00-113 Warsaw While increasing the order quantity and focusing on 200, it is possible to produce about 143 batches (28,600/200). April 8, 2022. https://ivypanda.com/essays/calopeia-supply-chain-game-write-up/. Inhindsight,thiswasamistakeasmylostordersof27149unitsattest. In addition, it is necessary to address the problem of the lost demand. to make strategic, tactical, and operational decisions. 0000000841 00000 n We wanted to be sure that we didn't Inowrealizethatforexample,areorderpointof2169andanEOQof649wouldhavebeenenoughinCalopeiafromweek114to117(insteadofmorethandoublethat). Focusing on the fact that the demand is seasonal, but rather stable, it is possible to forecast the demand for the next two years in about 39 drums per day because 28611/730 = 39.2 where 28611 is the number of completed drums, and 730 is the number of days of the businesss lifetime. Entworpe has the largest must. per unit profit provided by a warehouse ($50), then multiply by the number of days of operation. First,manykeyfactorsthatarepresentinreallifearenotincludedinthegamesuchasproductquality/obsolescence,costoflabour,rawmaterialspricefluctuationsorinterestratesandforeigncurrencychanges. Calopeia First,thedemandforecastforeachregionwillbeestablishedandIwillthenmakedecisionsregardinghowtoexploitthesemarketsinsection3. *includingFactory500kandWarehouse100k. You can do lots of things to improve supply chain performance and lower costs. expected in both Entworpe and Tyran. located in a different region, but the warehouse is located within the market region, then the additional It will help us to determine the level of the, safety stock as well as order point. Wow! take it up to 75. Perhapssometrialanderrorcoupledwiththosemodelswouldhavebeenabetteralternative. Demand in Tyran is averaging 19 per day, and is level and non-seasonal. Thus, Calopeias manufacturers of air conditioner retrofit kits are interested in buying Jacobs chemicals. Shipping from Sorange factory to Calopeia warehouse. Thus100000/50=2000,itwouldtakeonly2000unitssoldtobreakevenonawarehouse. Technological and Higher Education Institute of Hong Kong, Introduction to Management Accounting (ACCT2105), Traffic and Transportation Engineering (CIVL 3610), Introduction to Buddhist Teachings (BSTC 1001), Life Insurance and Life Contingencies (MATH 3825), Academic English For Education Students (CAES9423), Introduction to Japanese Studies (JAPN1011), Computational Thinking and Problem Solving (COMP1002), Foundation skills in counselling (SOWK2138), Introduction to Information Systemsor (ISOM2010), Basic Mathematics for Business and Social Sciences (MATH1530), Statistical Methods for Economics and Finance (STATS314F), Business Programming with Spreadsheet (CB2022), English for University Studies II (LANG1003), Chapter 7 - tutorial questions with correct answers, Lecture 1 - Overview of Corporate Finance, 1. Day 792 - Recalculated average demands to this point in the game. As demand dropped in Calopeia through the seasonal cycle, we built up every bit of inventory that we could. 6.2. April 8, 2022. https://ivypanda.com/essays/calopeia-supply-chain-game-write-up/. However,mylackofexperienceinthegame,somemistakesandperhapsaloosedisciplineledmetodeviatefrommyinitialplanswhichendedupdisruptingmywholestrategyasitwasdifficulttorevertbacktoitoncesomechangesweremade. BecauseremainingdemandinSorangeisexpectedtobearound50000,theshortfallinproductionwillbefilledfromtheCalopeiafactory. Freight to Warehouse$15,000 per truckload $. Your privacy is extremely important to us. Remember your reading plan. . Satisfy demand in Sorange from Entworpe warehouse. A new factory has a fixed cost of $500,000, so there is clearly no payoff to build a factory in Entworpe. 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. 2 StrategicAnalysis for Complex Domains Given the signicant strategic interactions in the supply-chain game, we as agent de-signers would naturally like to apply game-theoretic tools to predict the behavior of other agents, individually and in aggregate. 22 August. capacity may end up higher than originally anticipated at 70-75. Productionoptionsarelimitedtobuildinganewfactoryorincreasingthecapacityoftheexistingone. 11. Wargame 1942. The factory has an initial daily capacity of 70 and is currently only serving the Calopeia market. The average demand between day 671 and day 730 is just over 8 units. Because of this inventory buildup we did increase holding costs and lose interest revenue, but we were. Using the same methodology as above we can see that a warehouse is again justified. Therefore stockouts here can be costly. We stopped serving both Tyran and Entworpe in order to focus on the three markets where we had factories and the highest profit margins. The database is updated daily, so anyone can easily find a relevant essay example. The island of Fardo has substantially higher freight costs, so it must be considered separately. Finally,Iwillconcludethischapterwithanestimateofmyfinalcashfigurewiththetablebelow: Analysisofmistakesandsolutionssuggestion. 3. Idecidednottoreducethosecapacitiesfortworeasons. We believe this is the only way to turn a profit in this market. question of serving this area. Day 1008 -Now that demand is dropping in Calopeia, adjusted re-order points and batch sizes. Thenaturalenvironmentcanalsobeasourceofdangeroropportunity. Thus,frommonth27,Calopeiafactorywillserveallmymainlandregions. cost is only $25 per unit. 2. 1. IvyPanda. Onday730,IchangedthetransportationmethodtotruckasplannedbutatypingerrormeantIordered2600drumsonday740,insteadof1000. Forexample,PwCbelievesthatcorrectlymanagingmacroeconomicriskintodaysincreasinglycomplexsupplychainscouldmakethedifferenceinthisfastpacedandglobaleconomy, . ThosetwoextracapacityadditionswouldallowthefirmtokeepupwiththeCalopeia,Sorange,EntworpeandTyrandemandsasisdetailedinannexes4to7. 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. My post simulation report on the Pangea Supply Chain game. Schedulingfactories/capacitytoolate, Initially,Iintendedtohaveallscheduledcapacitytobeoperationalbyday910aspart4specifiesbutinthesimulationIachievedthatbyday1026. Therefore stockouts here can be costly. However,thesaiddemandincreasedbecauseofthepromotionandwhenitendsmostorganizationsbuttheretailerwillbeleftwithexcessinventoryleadingtohighercosts/productobsolescence. Toys 'R' Us Timeline 2.4 Vision/Mission Statements 3. A factory takes 90 days to build, and we cannot rely on demand beyond day 1430. Breakevenpoint=Fixedcost/(Unitsellingprice-Variablecost), [(30*50000)+500000+100000]/1450-(1000+7.5+75+3+2.78+150). Play the Best Online Strategy Games for Free on CrazyGames, No Download or Installation Required. Using this number, we can further calculate the potential per unit profit for other factory/warehouse model out these two scenarios to try and determine the best way to go. The final step is adding 5 to the current capacity after the analysis of experienced revenues and costs. Entworpe in order to focus on the three markets where we had factories and the highest profit margins. However,becauseittakesthreemonthstobuildafactoryIwilldiscountforecasteddemandfromday730to820. seasonal cycle, we built up every bit of inventory that we could. . Email..lfdsloans@lemeridianfds.com Or lfdsloans@outlook.com.WhatsApp + 19893943740. 0000001713 00000 n We have learnt the valuable experience from the last simulation that forecasting, future demand is a key factor to be competitive. 0000000731 00000 n A basic concept behind supply chain management is that customers order products from a business and the business keeps track of the products its selling.
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