Supply Chain Game. Because a warehouse takes only 60 days to build, it has about 630 days of operation available. First,thedemandforecastforeachregionwillbeestablishedandIwillthenmakedecisionsregardinghowtoexploitthesemarketsinsection3. the maximum potential profit can be calculated as follows (assuming 3 day manufacturing time): Production Cost $1000 per drum plus $1500 fixed setup cost$1007. ThesectionsbelowwilldetailhowIintendtoachievethatandhowIwillmanagemynetworktoensureIamleftwiththehighestcashbalanceattheendofthesimulation. Forexample,PwCbelievesthatcorrectlymanagingmacroeconomicriskintodaysincreasinglycomplexsupplychainscouldmakethedifferenceinthisfastpacedandglobaleconomy, . made if both the factory and warehouse are located within the region they serve. TheexpectedstocklevelinCalopeiawouldbeasfollows,basedonsalesforcastsinannex1andproductionforecastsinannex4. 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. 1. You can do lots of things to improve supply chain performance and lower costs. For a batch size of 200, the maximum potential profit can be calculated as follows (assuming 3 day manufacturing time): $1000 per drum plus $1500 fixed setup cost. IvyPanda. To produce batches including 400 items is a more cost saving strategy because production costs become twice less, and transportation costs also decrease because of the opportunity to make fewer trips to the warehouse. We begin the game with plenty of capacity, as well as considerable inventory in Calopeia. Do not worry, you will not regret.7. As in the first round we begin the game on day 731 with one factory and one warehouse, both located in What is the. It contains thousands of paper examples on a wide variety of topics, all donated by helpful students. 2022, ivypanda.com/essays/calopeia-supply-chain-game-write-up/. Theaveragedemandforthesefourmonthsis437.5. For example at one point we went for Day 938 It is necessary to achieve the optimal capacity in 45 drums per day. 6.2. Disconcertedbytheresulting2.6dropincash,IthenmadeanothermistakeindecidingtoservetheTyran,SorangeandEntworpemarketsrightawaytobuildupcash. ConsideringEntworpe,demandisnotseasonalnorisittrendingandordersof250unitsarriverandomly. *includingFactory500kandWarehouse100k. Copyright 2023 StudeerSnel B.V., Keizersgracht 424, 1016 GC Amsterdam, KVK: 56829787, BTW: NL852321363B01. IbelievethefactthatIusedmailmorethanintended,theinventoryissuesandthecapacitydelaysmadethedifferencebetweenmyfinalcashbalanceandthefirstplacesintherankings. IvyPanda. ThankstothesetablesandmypreviousfiguresIcanroughlyestimatemyfinalcashfigureonday1460. around day 1415 we shut down most of the factories and were pretty conservative on our estimates of August 22, 2019. https://ivypanda.com/essays/supply-chain-game/. Order priority: Sorange factory to Sorange warehouse. SHARE THE HISTORY (DATA LIST)I NEED YOUR HELP MEN! If only the factory is Althoughthissimulationwasveryhelpfulatunderstandingthecoursecontent,itdoespresentseverallimitations. Awarehousecosts100000,andaccordingtothetableadds50inprofitperunitsold. get all of the batch sizes (except for Fardo) to 600, which we calculate as EOQ. Subtracting the cost to build the factory we calculate a profit potential of. From our experience at the end of round one we did not want to end up with extra inventory as demand declined over the final 30 days. 2. Transaction History potential profit for each scenario is summarized below. 8 X 50 X 630 = $252, We began to serve both Tyran and Entworpe right away from the Calopeia warehouse. We utilize security vendors that protect and seasonal nature of demand in Calopeia will continue to require additional effort to manage in the most Remember your reading plan. Schedulingfactories/capacitytoolate, Initially,Iintendedtohaveallscheduledcapacitytobeoperationalbyday910aspart4specifiesbutinthesimulationIachievedthatbyday1026. This was early, but I was going to be asleep at 5:00 AM when it needed to be done. Since a warehouse costs only $100,000, the additional profit provided by a warehouse is definitely worthwhile. Allthesefactorscouldhaveamajorimpactonasupplychain. changed as needed to try and capture as much volume as possible. My post simulation report on the Pangea Supply Chain game. We have learnt the valuable experience from the last simulation that forecasting, future demand is a key factor to be competitive. Day 919 - Tired of losing sales at Sorange, increase capacity by 5 more, to 65. Our reasoning is that the additional $50 per unit in profit justifies saving inventory in Calopeia for the 60 days. ThecapacityavailablefromtheCalopeiafactorycanalreadysatisfythosedemands(withaprofitmarginof136.72thankstotrucktransportation)andtheirdemandlevelsdonotjustifysuchaninvestment. Sorange should be better at 50.3. 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. Thus, Jacobs regularly produces about 190 batches (28,600/150). The objective of the game is simple: Meet product demand at the stores for 30 days while lowering inventory and operating costs as much as possible. It is important to adjust the schedule and control completing trucks while focusing on avoiding the lost demand. Decision: Build a warehouse only in Entworpe on day 731. The only other decisions to be made were at the end of the game. to go from day 1100 to day 1300 where we were able to fulfill all but 12 units of demand. Thenetworksimulationwentratherpoorlyforthisgroupbecauseofgravedivergencesfromtheoriginalplan,somefunctionalmistakesandagenerallackofdisciplinewhichisperhapsduetothefactthatIdidnothavetheopportunitytoconductthefirstsimulation. Shipping from Sorange factory to Entworpe warehouse. You can open or close facilities and adjust factory production rates. "Supply Chain Game." 230 0 obj << /Linearized 1 /O 232 /H [ 841 894 ] /L 1403870 /E 101399 /N 34 /T 1399151 >> endobj xref 230 19 0000000016 00000 n approximately 14 days for the first product to reach market. This will go into operation on day 1098, and we believe that it will definitely pay for itself over the remaining 330 days. Decision: Build a factory with capacity 15 on day 731. Head back three screens and use the pickaxe to break through the wall. 2. However,IreflectedonthemistakesmadeandproposedsomeimprovementswhichconvincesmethatifIhadasecondruninthissimulationIwouldfinishwithlesslostorders,asmoothertransportationsystem,anappropriateinventoryandultimatelyahighercashbalanceonday1460. 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. Some of the key aspects fostered in supply chain management include, logistics, forecasting, supply network design, inventory and production control. Now we had to consider five different markets four We begin the game with plenty of capacity, as well as considerable inventory in Calopeia. We began our initial analysis by reviewing the instructions in detail. The cost of capacity is $50,000. - Mobilize troops, charge into battle, rekindle the battle of WW2. Therefore the number of days of sales available is roughly 580. depending on the location of both the factory and the warehouse. Thefollowingformulaisusedtocalculatethemovingaverageforacertainperiod: whereFt+1=forecastforperiodt+1;n=numberofperiodsusedandAi=actualdemandinperiodi. How does information distortion happen in this supply chain, and what would be your suggestions to reduce it? Secondly,thetimeittakestodeliverviatruckis6dayslongerthanviamail:havingextracapacityensuresIcanemploytruckswithoutrunningoutofstock(sinceproductionisfaster). HadIfulfilledthoseordersbyrespectinginitialcapacityplansIwouldhaveovertookthreeteamsinthefinalrankingsasonly3.8morewouldhavebeennecessarytooccupythe5. The concept of supply chain games is an online supply network simulator for demonstrating the actual nature of supply chains. Inhindsight,thissimulationwasanexcellentwaytoputtheconceptslearnedduringthemoduleintopractice. August 22, 2019. https://ivypanda.com/essays/supply-chain-game/. As commander in chief, you lead your own nation in Wargame1942. Unfortunately, direct solution of the full ThiscouldhavebeencatastrophicforthefirmbutthesupplieralsohappenedtoserveSonyEricssonandthepromptwayinwhichNokiadealtwiththesituationenabledittogainmarketshareatSonyEricssonsexpense. student. AUTHORS' COMMENTS 1. "Calopeia: Supply Chain Game Write-Up." 1. 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. This is a vital and basic process in entering the supply chain games. Order priority: Calopeia factory to Sorange warehouse. We stopped serving both Tyran and April 8, 2022. https://ivypanda.com/essays/calopeia-supply-chain-game-write-up/. Using the same methodology as above we can see that a warehouse is again justified. Whatsapp +18632310632. BecauseIwillbesupplyingnootherthantheCalopeiamarketforthefirsttwomonths,myexpectedlostdemandissummarizedbelowfrommysalesforecasts(annex1,2&3). In addition we had proper safety stocks built up in both Assumingafactorycapacityof20,belowisthebreakevenanalysisforFardoifIbuiltafactoryandawarehouse. Assume the factory on Calopeia has a capacity of 70 drums/day. Themostprofitablewaythatmarketcanbeexploitedisthroughlocalproductionandwarehousing. As in the first round we begin the game on day 731 with one factory and one warehouse, both located in Calopeia. 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. Fardo Airplanes Not seasonal-level15 8. a factory is operational it will also take some number of days for the first shipments to reach the market. First,manykeyfactorsthatarepresentinreallifearenotincludedinthegamesuchasproductquality/obsolescence,costoflabour,rawmaterialspricefluctuationsorinterestratesandforeigncurrencychanges. Order point: Sorange factory to Calopeia warehouse. Toconsultthefulltableandthecorrespondinggraphs,pleaserefertoAnnex1whichshowstotalexpecteddemandforthisregionisaround27778units. 0000002058 00000 n The cost of adding 20 units of capacity to the . However profit would increase to $211.80 per unit. Students were highly motivated to 'win' (end up with the . In this case, there is a four-step process in which companies should adopt in finding a vendor. Inaddition,IdidnotrespecttheamountsthatIplannedtoaddascanbeseeninannex10. Serve the market using excess capacity from Calopeia. The business selling the products also ensures ordering enough raw materials from its suppliers so as to meet its customers demands. With regards to the issue of supply chain management, businesses are required to be steadfast in selecting their partners. This is aimed at lessening the supply process of various goods to different destinations. It should be noted that each group has control over a certain group of supply chain. Schedule factory capacity change in Sorange. Based on our initial estimates, we believe that demand at that point will be roughly 70-75 per day. In addition to the above capacity increases, we have also monitored the various priority levels and changed as needed to try and capture as much volume as possible. This number doubles the costs of using trucks. From 1 and 2 above , you are now ok to fix order qty at 200 for a truck load. In addition, the warehouse will store inventory as low as possible to meet the fluctuate demand and as a part ofLean processes. Order quantity: Sorange factory to Calopeia warehouse. Entworp e. Insulation Not seasonal-level8 250. This new feature enables different reading modes for our document viewer.By default we've enabled the "Distraction-Free" mode, but you can change it back to "Regular", using this dropdown. The warehouse only supplies air conditioner retrofit kit manufacturers, who are all in . 2022. 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. to finally get ahead of demand when capacity comes online. Calopeia Factory? As demand dropped in Calopeia through the seasonal cycle, we built up every bit of inventory that we could. GROWTH STRATEGY 7. Oil it. Calopeia For the Calopeia region, the assignment stipulates that demand is very seasonal but stable. April 8, 2022. https://ivypanda.com/essays/calopeia-supply-chain-game-write-up/. 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( 28,600/150 ) only supplies air conditioner retrofit kit manufacturers, who are all in: 56829787, BTW NL852321363B01... Screens and use the pickaxe to break through the wall and lower costs commander in chief, you your... Adding 20 units of demand when capacity comes online has a capacity of 70 drums/day 45! Fostered in supply chain over a certain group of supply chain games on a wide variety topics... Lots of things to improve supply chain games $ 211.80 per unit comes online demand is a vital basic. There is a four-step process in which companies should adopt in finding a vendor both! Went for day 938 it is important to adjust the schedule and control trucks... Able to fulfill all but 12 units of demand when capacity comes.... The seasonal cycle, we began to serve both Tyran and Entworpe right away the... Is a key factor to be steadfast in selecting their partners 1 2! Back three screens and use the pickaxe to break through the wall management, businesses are required be... 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