Iwillnotselltoanyotherregionbutthisoneuntilthenewwarehousesareoperationalbecausetheprofitmarginwouldbetoolow(86.72)-theoriginalstockhasbeentransportedviamail. Some of the key aspects fostered in supply chain management include, logistics, forecasting, supply network design, inventory and production control. The calculation for a factory is: 19 X 25 X 596 = $283,100 Again a factory would not pay for itself. Transaction History, We will write a custom Report on Supply Chain Game specifically for you for only $11.00 $9.35/page. Thisexampletestifiesoftheimportanceandunpredictabilityofexteriorfactorsinasupplychainwhichisaconceptthatisnotintegratedinthesupplychaingame. Head left and put the wheel on the cart. The calculation for a factory is: Begin construction of the warehouse about 40 days later, since it won't be needed until the factory is online. However profit would increase to $211.80 per unit. Allthesefactorscouldhaveamajorimpactonasupplychain. Considering the 4 mainland regions, additional cost of $75 per unit is incurred if both the question of serving this area. We have two choices in Fardo, build a warehouse and serve it from another region, or build both a warehouse and factory in Fardo dedicated to serving only that market. 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. Theexpectedpayoffsare: (30*640*211.72)-30*50000-500000-100000=1965024. Inthisscenario,theidealforecastingmethodwouldneedtoaccountfortheupwardtrend. Students were highly motivated to 'win' (end up with the . 6.2. We began our initial analysis by reviewing the instructions in detail. up as much inventory as possible. It's current network consist of a factory in Calopeia with a capacity of 20. 2. 3. At around day 1415 we shut down most of the factories and were pretty conservative on our estimates of remaining inventory. Disconcertedbytheresulting2.6dropincash,IthenmadeanothermistakeindecidingtoservetheTyran,SorangeandEntworpemarketsrightawaytobuildupcash. IvyPanda. We will first determine if it makes financial sense to build a warehouse in Entworpe. z o.o. (2022) 'Calopeia: Supply Chain Game Write-Up'. 2022. 11. Chaining the order quantity from 150 to 200 on Day 730, it is possible to achieve cost savings in production. Thus100000/50=2000,itwouldtakeonly2000unitssoldtobreakevenonawarehouse. SoIexpectamaximumof4855unitsinlostdemand,whichwouldrepresentalostprofitof4855*136.72=663776. Day 919 -Tired of losing sales at Sorange, increase capacity by 5 more, to 65. Notethatbecausedemandforbothregionsstabilizesatmonth23,Iwillnotconsidermonth22. Decision: Build a warehouse only in Entworpe on day 731. Forexample,PwCbelievesthatcorrectlymanagingmacroeconomicriskintodaysincreasinglycomplexsupplychainscouldmakethedifferenceinthisfastpacedandglobaleconomy, . 5:00 AM when it needed to be done. Calopeia: Supply Chain Game Write-Up. The cost of capacity is $50,000. 0000002058 00000 n 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. this is Amazing! The needs and objectives of the company should be prioritized in selecting a supplier for the products or raw materials required by a business. It is important to focus on making the capacity in 45 per day. Nice information on here, I would like to share with you all my experience trying to get a loan to expand my Clothing Business here in Malaysia. Forgot to increase capacity by 5 on day 760. 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. Added 1 more unit of capacity to 17, Day 917 -Increased capacity at Sorange factory by 5, now 60. GROWTH STRATEGY 7. The calculation for a factory is: 19 X 25 X 596 = $283,100 Again a factory would not pay for itself. Calopeia Factory? Ilearnedinthismodulethatasupplychainstrategyshouldbealignedwithbothinternalbusinessfunctionsbutalsowithpartnersupstreamanddownstreamaswellastheoverallcorporatestrategicgoals. Demand forecasting 2.1. 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. remaining inventory. Since a warehouse costs only $100,000, the additional profit provided by a warehouse is definitely worthwhile. Throughout the course of the game, the seasonal nature of demand in Calopeia will continue to require additional effort to manage in the most profitable manner. As in the first round we begin the game on day 731 with one factory and one warehouse, both located in Note: 1) Please note that for both games, the game will end on day 1460. April 8, 2022. https://ivypanda.com/essays/calopeia-supply-chain-game-write-up/. Inaddition,IdidnotrespecttheamountsthatIplannedtoaddascanbeseeninannex10. depending on the location of both the factory and the warehouse. We do feel like we made the best choice in not adding additional capacity beyond day 1100. AlthoughIdidnotparticipateintheinitialoneregiongame,Irealizedthatforecastingwaskeyinanticipatingdemandlevelsandadjustingproductioncapacitytooptimizeprofit. This may be in terms of high pricing, delays in delivery and low quality. New warehouse? Inordertoforecastsuchdemand,onehastoconsiderthatthereisnoarandomvariationortrendsinthisscenarioandthereforepastdemandisasolidgroundonwhichtobaseassumptionsforthefuture. 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. The only other decisions to be made were at the end of the game. We began our initial analysis by reviewing the instructions in detail. . HadIfulfilledthoseordersbyrespectinginitialcapacityplansIwouldhaveovertookthreeteamsinthefinalrankingsasonly3.8morewouldhavebeennecessarytooccupythe5. The concept of supply chain games is an online supply network simulator for demonstrating the actual nature of supply chains. (2022, April 8). Awarehousecosts100000,andaccordingtothetableadds50inprofitperunitsold. Wargame 1942. Subtracting the cost to build the factory we calculate a profit potential of. Do you know your hidden name meaning ? adjusted settings for Calopeia to serve all three new warehouses in other regions. Tyran and Entworpe. Itwillexplaintherationalebehindthedecisionmakingthroughannexesandviathedifferenttoolslearnedduringthismodule. Remember your reading plan. We calculated initial demand in Fardo to be approximately 15 units per day. The adoption of a total quality management team should also be undertaken to fasten the supply processes. We utilize security vendors that protect and We have learnt the valuable experience from the last simulation that forecasting, future demand is a key factor to be competitive. around day 1415 we shut down most of the factories and were pretty conservative on our estimates of Decision: Build a factory with capacity 15 on day 731. 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. The support I received from The staff was priceless at the rate of 2% in return.You can contact them for a loan request on pedroloanss@gmail.com And WhatsApp + 1-8632310632, I cannot thank Mr Pedro loan service enough and letting people know how grateful I am for all the assistance that you and your team staff have provided and I look forward to recommending friends and family should they need financial advice or assistance @ 2% Rate for Business Loan .Via Contact : . The cost without the number of drums x$1000 is 190 (batches) x $1500 (price per batch) = $285,000. 12. Day 919 - Tired of losing sales at Sorange, increase capacity by 5 more, to 65. Satisfy demand in Fardo from Sorange warehouse. Pangea Supply Chain Management Simulation/Game Report, Click here to find your hidden name meaning. 22 August. 2. 3500, and then maintained it while we built up inventory in Sorange using capacity in Calopeia. We wanted to be sure that we didn't miss any costs like we did in the first round. Unfortunately, direct solution of the full This is not seasonal, and not increasing. 0000001893 00000 n 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. The Push your army through the borders of the continent and conquer nations. Maybe if we have time we can try to model out these two scenarios to try and determine the best way to go. Minimum 10 days $3. Lastly,thelackofflexibilityinthegameisanotherweakness. Day 820 - Increased capacity at Sorange factory by 5, now 45, Day 829 - Realized that demand in Fardo is higher than originally calculated. We stopped serving both Tyran and 0000006007 00000 n But these. profitable manner. (2019, August 22). 0000000731 00000 n The main motive making business to engage in supply chain management is to enhance their efficiency. 0000046855 00000 n If you are the copyright owner of this paper and no longer wish to have your work published on IvyPanda. Jacobs aims to maximize the revenues during the next two years of the industries lifetime with the focus on decreasing production costs and increasing profits. Perhapssometrialanderrorcoupledwiththosemodelswouldhavebeenabetteralternative. IvyPanda. Inhindsight,thiswasamistakeasmylostordersof27149unitsattest. 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. 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. The Suppy Chain Game Writeup. Click here to find your hidden name meaning. Day 820 -Increased capacity at Sorange factory by 5, now 45, Day 829 -Realized that demand in Fardo is higher than originally calculated. For a batch size of 200, inventory as demand declined over the final 30 days. 1 1 PROBLEM BASED LEARNING IN BUSINESS EDUCATION Indeed,exportingtothatregionwillinevitablyincuralossormakeasmallprofit(ifthereisawarehouseinFardo). This was early, but I was going to be asleep at The factory has an initial daily capacity of 70 and is currently only serving the Calopeia market. In order to ensure efficiency, a group should avoid the mistake of engaging into partnership with inefficient suppliers. This is so because the parties involved in the processes are put under strict supervision and evaluation to ensure high quality standards. Capacity would have to be added at another factory, so operations couldn't start in Fardo until day 820, and shipping would take two weeks. Therefore we believe it is clear that a factory in Sorange is justified. Forexampleinthefollowingtable,month15sforecastwouldbe(313+518)/2=415.5;month16sforecastwouldbe(518+878)/2=698andsoon. As a result, it is possible to save about $70,500 because (190-143) x $1500 = $70,500. Decision: Build a warehouse only in Tyran on day 731. We stopped serving both Tyran and Entworpe in order to focus on the three markets where we had factories and the highest profit margins. 2. The optimal strategy for changing the capacity is based on adding the capacity gradually. "Calopeia: Supply Chain Game Write-Up." How does information distortion happen in this supply chain, and what would be your suggestions to reduce it? ThiscouldhavebeencatastrophicforthefirmbutthesupplieralsohappenedtoserveSonyEricssonandthepromptwayinwhichNokiadealtwiththesituationenabledittogainmarketshareatSonyEricssonsexpense. The game will also run continuously from day 730 to day 1460 over 3 real days. Once a factory is operational it will also take some number of days for the first shipments to reach the market. 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. . August 22, 2019. https://ivypanda.com/essays/supply-chain-game/. The average demand between day 671 and day 730 is just over 8 units. AsIscheduledtostartfeedingthemainlandwarehousesfromtheCalopeiafactoryfromday790,thiserrornotonlycostme400primeordersbutitalsodisruptedmywholeinventorystrategywhichwastosimplyusetrucksandkeepstocklevelsabovemonthlydemand-exceptforCalopeiawhereIwouldhavehadabout5800unitsinstorefrommonth2. Entworpe has the largest average order size, at 250, which arrive randomly. 2. ensure the integrity of our platform while keeping your private information safe. We believed that we would be able to fulfill this demand and still be able to maintain current inventory levels in Calopeia for the busy season. Idecidednottoreducethosecapacitiesfortworeasons. So we decided to serve Tyran from Entworpe for a short time. Decision: Build both a warehouse and factory in Sorange. Shipping from Sorange factory to Entworpe warehouse. First,itisusefultobreakdownthecostsassociatedwithmyactivity(basedonabatchof200). IvyPanda. During the first period Day 1-731, this region faced lost demand of 47% of the total. What is the. The processes of shipping, supplies and satisfying demand were undertaken so as to grantee quality and efficiency. - ernie. InitialAnalysis Thenetworksimulationwentratherpoorlyforthisgroupbecauseofgravedivergencesfromtheoriginalplan,somefunctionalmistakesandagenerallackofdisciplinewhichisperhapsduetothefactthatIdidnothavetheopportunitytoconductthefirstsimulation. (2019, August 22). 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 meet expected demand. No need to worry about maximize qty of order.4. The highest possible profit per unit is made if both the factory and warehouse are located within the region they serve. Since a warehouse costs only $100,000, the additional profit provided by a warehouse is definitely In addition, the, warehouse will store inventory as low as possible to meet the fluctuate demand and as a part of, Lean processes. Decisions:Production,Capacity&Transportation, TodecidewhetheritmakesfinancialsensetobuildfactoriesandwarehousesinPangea,Iwillconductdifferentbreakevenanalyses. seasonal cycle, we built up every bit of inventory that we could. the same. Frommonth28to48,theannex2showsaround49430unitsthatIcanexpecttoselloncethefactoryandthewarehouseareoperational. - Omnidirectional combat space for strategy games: naval, air, land. Throughout the course of the game, the 1. Lost Interest 10% annually. wouldn't have paid for itself. Theformulaforthistoolisasfollows: WhereFt+1=newforecast,Ft=currentforecast,Dt=valuefortimeperiodtand=smoothingconstant0.3. Right away we could see that, while the basic game was the same, Round 2 was a much more complicated affair. Serve the market using excess capacity from Calopeia. I noticed that you did not mention your team-mate. "Calopeia: Supply Chain Game Write-Up." April 8, 2022. https://ivypanda.com/essays/calopeia-supply-chain-game-write-up/. 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. 0000003324 00000 n IvyPanda. 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. AnotheromissionistheabsenceofarealBullwhipeffect. It probably just under $500,000. 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. Ischeduled20drumsadayproductionbecausefor640daysofoperationitwouldequalto12800drums,whichisenoughtocovertheexpectedremainingdemandof11272forFardo(SeeAnnex3). If one truck can carry 200 drums and the cost of the trip is $15,000, it costs $75 to ship one drum. . By adhering to these phenomena, business entities entailed in the practice of supply chain management are able to streamline its operations. "Supply Chain Game." Hb```"OV cc`aH```T1:Xp```b`'RPAc-dF'206e090o,>V`\ hdSo3Yumeh0$s$Zh:wj6F|l:-m>&ZC {jX_. -'ya!CGg6,_p^bjn3l%:fu?1Gkl December 14 2016Some comment: thanks for the post, really helpful.1. - More than 30 large-scale battlefield maps in war game. Themostprofitablewaythatmarketcanbeexploitedisthroughlocalproductionandwarehousing. The Le_Meridian Funding Service went above and beyond their requirements to assist me with my loan which i used expand my pharmacy business,They were friendly, professional, and absolute gems to work with.I will recommend anyone looking for loan to contact. 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. Thus, Jacobs regularly produces about 190 batches (28,600/150). We believe this is the only way to turn a profit in this market. facility will offer. 3. Day 790 - Increased capacity at Sorange factory by 10. Since there was only a period of about 130 days where we lost sales due to inability to meet demand. Starting, set up WH at all region, a Factory at Sorange and Fardo.5. Priority Level Trying to get all of the batch sizes (except for Fardo) to 600, which we calculate as EOQ. Ultimately we decided not to build any additional capacity. Freight to Warehouse$15,000 per truckload $. Serve the market using excess capacity from Order point: Sorange factory to Entworpe warehouse. TheCalopeiaregiondisposesofafactorywith70drumsadaycapacityandawarehouse. INTRODUCTION 2.1 Business profile 2.2 History 2.3. a long stretch with no demand in Entworpe, and inventory just sat there, meanwhile we were losing sales Using this number, we can further calculate the potential per unit profit for other factory/warehouse trailer << /Size 249 /Info 213 0 R /Root 231 0 R /Prev 1399140 /ID[] >> startxref 0 %%EOF 231 0 obj << /Type /Catalog /Pages 216 0 R /Metadata 214 0 R /JT 229 0 R /PageLabels 212 0 R >> endobj 247 0 obj << /S 890 /L 1036 /Filter /FlateDecode /Length 248 0 R >> stream Other key aspects to consider in supply chain management are the aspects of platform, suites and assemblies. We also thought that we could meet some of the demand in Sorange once the warehouse came on line. How the demand will be satisfied? Asaresult,IscarcelydeservedtheEntworpeandTyranwarehousesandhadtoreducedeliverytimebyswitchingtomailjusttokeepupwiththeSorangeandCalopeiademand,thusreducingmyprofitmargins. In addition we had proper safety stocks built up in both Every group will start the game @TBA. demand later in the game. 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. Toconsultthefulltableandthecorrespondinggraphs,pleaserefertoAnnex1whichshowstotalexpecteddemandforthisregionisaround27778units. Expectedprofithasbeencomputedwiththefiguresfromthenetprofittableaboveandfromtheforecastsonannex1and4. Indeed,Iamtoldtheyreachedtheirlongrunaverageonday670,althoughordersizesandarrivalsarerandom. Supply Chain Game. Satisfy demand in Fardo from Entworpe warehouse. same, Round 2 was a much more complicated affair. Priority Level The question now is whether to take it higher, or are we better off building up as much inventory as possible. We wanted to be sure that we didn't Entworpe Using the same methodology 0000074923 00000 n Shipping from Sorange factory to Calopeia warehouse. The database is updated daily, so anyone can easily find a relevant essay example. 0000001735 00000 n You have been hired to suggest a network design that will maximize . how to allocate excess capacity from Calopeia to other regions. professional specifically for you? Our reasoning is that the additional $50 per unit in profit justifies saving inventory in Calopeia for the 60 days. Decision: Build a warehouse only in Entworpe on day 731. Tyran Course Hero is not sponsored or endorsed by any college or university. 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. Shipping from Calopeia factory to Entworpe warehouse. This is IvyPanda's free database of academic paper samples. Now, having calculated these numbers, we were ready to start making decisions for each region. This doesn't even take into account the ability to use excess capacity in Calopeia to serve Entworpe. Thecompleteabsenceofthesecomponentsandtheeffectsoftheiractionstakessomerealismandcomplexityoutofthegame. Get great deals on games wherever you go! 2022, ivypanda.com/essays/calopeia-supply-chain-game-write-up/. Day 1008 -Now that demand is dropping in Calopeia, adjusted re-order points and batch sizes. By the 2. Order quantity: Calopeia factory to Calopeia warehouse. Increasing the batch size to 400 on Day 1,055, it is possible to save more than $105,000 because the production costs will be two times less. While the product sale price does not vary, the cost to bring the product to market does vary by region, Themovingaveragetoolfitsperfectlyasitwillreflectseasonalityanddoesntfocusonrandomnessortrends. This tells us that it takes 236 days for capacity to pay for itself. Thus,frommonth27,Calopeiafactorywillserveallmymainlandregions. Order quantity: Calopeia factory to Entworpe warehouse. 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. Jacobs operations are discussed with the focus on the network including a factory and a warehouse in Calopeia. AUTHORS' COMMENTS 1. Becauseneithermarketwillshowanytrendorseasonalitybutarebothrandomintermsorordersizeandarrival,Idecidedtoadopttheexponentialsmoothingtechnique. 1. This chain of supplies is aimed at ensuring that each business meets the demands of its customers. KnowingthatIonlyusetrucksasamethodoftransportation,thebreakevenpointissoonerthankstoabiggerprofitmargin: [(20*50000)+500000+100000]/1450-1238.28=7557units. Day 749 - Began construction of the warehouse in Fardo. Diaryofongoingactionsaftercommencement Thisisadirectconsequenceofnothavingrespectedthecapacityschedulesaslesscapacityatalaterdatemeantittookmelongertoproducefinishedgoods. It should be noted that each group has control over a certain group of supply chain. Order quantity: Sorange factory to Calopeia warehouse. Transaction History z o.o. This was early, but I was going to be asleep at 5:00 AM when it needed to be done. expected in both Entworpe and Tyran. For example at one point we went for Inhindsight,thissimulationwasanexcellentwaytoputtheconceptslearnedduringthemoduleintopractice. Need a custom Report sample written from scratch by Haryanto, I enjoyed your reflections. 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. must. Thanks to having the inventory build up we were able to go from day 1100 to day 1300 where we were able to fulfill all but 12 units of demand. As we progress through the rest of the regions we will have to determine We clearly were slower at adding capacity in Sorange as we should have been, and it has cost us some lost sales. Finally decided to go ahead and take it up to 75. It contains thousands of paper examples on a wide variety of topics, all donated by helpful students. The concept of supply chain games is an online supply network simulator for demonstrating the actual nature of supply chains. Serve the market using excess capacity from Calopeia. To minimize the cost for this region. We started the factory in Sorange, whereby the main reason was the anticipated additional value to the factory of about, 15,000.

How Many Times Larger Is 900 Than 9, Articles C