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 Course Hero is not sponsored or endorsed by any college or university. 2. "Supply Chain Game." Hence, the cost to build a new factory in Tyran with a capacity of 5 drums per day is $500,000 + 5*$50,000 = $750,000. Day 956 - Increased capacity at Sorange by 5, now 70. Minimum 10 days $3. 2. Forgot to increase capacity by 5 on day 760. Ilearnedinthismodulethatasupplychainstrategyshouldbealignedwithbothinternalbusinessfunctionsbutalsowithpartnersupstreamanddownstreamaswellastheoverallcorporatestrategicgoals. Scheduled additional capacity in Calopeia of 8 units per day to myfinaldecisionisthatthereismorevalueinbuildingupstockviatruckinCalopeiawarehouseformonths25and26soIcanthenfocusonprovidingfortheotherwarehousesoncetheyarereadyandsellfromthemataprofitmarginof186.72. 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. Day 749 -Began construction of the warehouse in Fardo. In this case, there is a four-step process in which companies should adopt in finding a vendor. We are also thinking that final capacity may end up higher than originally anticipated at 70-75. In addition, the, warehouse will store inventory as low as possible to meet the fluctuate demand and as a part of, Lean processes. Thus,frommonth27,Calopeiafactorywillserveallmymainlandregions. We calculated this by dividing 50,000 (the cost to add one additional unit of capacity), by the maximum potential profit of $211.80 per unit. ThesectionsbelowwilldetailhowIintendtoachievethatandhowIwillmanagemynetworktoensureIamleftwiththehighestcashbalanceattheendofthesimulation. April 8, 2022. https://ivypanda.com/essays/calopeia-supply-chain-game-write-up/. The solution is to use mail when the number of drums is 100 items or less than 100 items. However,thesaiddemandincreasedbecauseofthepromotionandwhenitendsmostorganizationsbuttheretailerwillbeleftwithexcessinventoryleadingtohighercosts/productobsolescence. Priority Level warehouse will be keep at 200 units to cut inventory aging. miss any costs like we did in the first round. Ultimately we decided not to build any additional capacity. Jacobs operations are discussed with the focus on the network including a factory and a warehouse in Calopeia. Demand in Tyran is averaging 19 per day, and is level and non-seasonal. The concept of supply chain games is an online supply network simulator for demonstrating the actual nature of supply chains. You can do lots of things to improve supply chain performance and lower costs. August 22, 2019. https://ivypanda.com/essays/supply-chain-game/. 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. The factory has an initial daily capacity of 70 and is currently only serving the Calopeia market. Once 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. Decision: Build a warehouse only in Entworpe on day 731. Now we had to consider five different markets four our product, each with different demand characteristics, though the final selling price in each market was the same. 1. IhavedecidedtosupplyallmarketswhileensuringIadjustthe, variablessothattheprofitmarginachievedinany. It includes all, LLAW 2009 Introduction to Chinese Law Notes, Case Note for Hysan Development Co Ltd v Town Planning Board, CB2201 Review Questions & Answers - Lecture 16, Course Outline LAWS 6089 Legal Technologies 2021, Lecture- week 1 - history of legal system in hk, 2012 DSE Bio Marking Scheme answer to dse paper, LLAW1013 Tutorial Assignment (second practice), Diagnostic Writing Task semester 1 2017-18 23Aug17, (2021-22)JASP1160 A UGEC1271A course outline updated, Class 1 - Assignment 1 - Auditing And Assurance, 2012-DSE-MATH-long q for the year 2021 -2022, GE1137 Movies and Psychology course outline 202021 A, GE1137 Movies and Psychology story book guidelines 2020 21 Sem A, 2022 PWMA Commercial Awareness - Candidate Brief for HK, 2022 JPMorgan Private Banking Challenge Case - First Round, Course outline 2022 - A lot of recipes get a dash of lemon juice or sprinkling of zest. 8 X 50 X 630 = $252, We know that late in the game when demand in Calopeia drops, we time demand in Calopeia increased to the point where there was no extra capacity, we had built up an By the pedroloanss@gmail.com . Mainland Regions Profit Potential Fardo Profit Potential. We began to serve both Tyran and Entworpe right away from the Calopeia warehouse. BecauseIwillbesupplyingnootherthantheCalopeiamarketforthefirsttwomonths,myexpectedlostdemandissummarizedbelowfrommysalesforecasts(annex1,2&3). Iwillusethesefigurestoassesswheretobuildfacilities. (2022, April 8). potential profit for each scenario is summarized below. Calopeia For the Calopeia region, the assignment stipulates that demand is very seasonal but stable. They range from Chess to war games. We Trucks are chosen when more than 100 drums should be shipped. The Suppy Chain Game Writeup. Themovingaveragetoolfitsperfectlyasitwillreflectseasonalityanddoesntfocusonrandomnessortrends. This will go into operation on day 1098, and we believe that it will definitely pay for itself over the remaining 330 days. 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. 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 Ischeduled20drumsadayproductionbecausefor640daysofoperationitwouldequalto12800drums,whichisenoughtocovertheexpectedremainingdemandof11272forFardo(SeeAnnex3). seasonal nature of demand in Calopeia will continue to require additional effort to manage in the most Ultimately we decided not to build any additional capacity. The cost of capacity is $50,000. This number doubles the costs of using trucks. 6.2. configurations. Using this number, we can further calculate the potential per unit profit for other factory/warehouse Calopeia. The game will also run continuously from day 730 to day 1460 over 3 real days. This doesn't even take into account the ability to use excess capacity in Calopeia to serve Entworpe. 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. Inthisregard,Iplottedthemaximummonthlyproductionachievablepermainlandfactory(SorangeandCalopeia)inannex4tocomparewiththetotalmainlandmonthlydemandinannex5. 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. We stopped serving both Tyran and Althoughthissimulationwasveryhelpfulatunderstandingthecoursecontent,itdoespresentseverallimitations. Order point: Calopeia factory to Sorange warehouse. This new feature enables different reading modes for our document viewer. Using this number, we can further calculate the potential per unit profit for other factory/warehouse configurations. The first step is adding 20 to the current capacity. 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. Iusedthefigure136.72asprofitperunitbecausetheoriginalstockhasbeentransportedbymail(86.72profit)buttherestofthestock(ifIhadsoldtheminthecontinent)wouldbetransportedbytruck(186.72profit)soIsimplycomputedanaverageprofitperunit. Entworpe over the remaining 330 days. adjusted settings for Calopeia to serve all three new warehouses in other regions. around day 1415 we shut down most of the factories and were pretty conservative on our estimates of Shipping from Calopeia factory to Sorange 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. The main motive making business to engage in supply chain management is to enhance their efficiency. The supply chain game is guided by common principles and fundamentals. 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. Trying to get all of the batch sizes (except for Fardo) to 600, which we calculate as EOQ. 0000000731 00000 n The processes of shipping, supplies and satisfying demand were undertaken so as to grantee quality and efficiency. Ialsoseverelydeviatedfrommyinitialtransportationstrategywhichwastosticktotrucksthroughoutthegame. Sorange Hardwood floorsIncreasing-linear 10 8. Theexpectedpayoffsare: (30*640*211.72)-30*50000-500000-100000=1965024. we will save the cost of $75 per drum thru using a truck. This PBL- approach has been gradually refined over a period of three years. Since there was only a period of about 130 days where we lost sales due to inability to meet demand. 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. Need a custom Report sample written from scratch by . For example at one point we went for Order priority: Calopeia factory to Calopeia warehouse. Hopefully this will allow us 0000098569 00000 n We can easily see that a warehouse is justified with this amount of demand. depending on the location of both the factory and the warehouse. We have learnt the valuable experience from the last simulation that forecasting, future demand is a key factor to be competitive. When you buy Wh, factory initial, I knew Cash almost gone. IvyPanda. But these. Therefore we believe it is clear that a factory in Sorange is justified. Iwouldneedtosell9919drumstobreakevenontheinitial2100000invested,whichshowsitmakessensetobuildafactoryandawarehouseinSorangeasexpectedremainingdemandthereiscloseto50000. While the product sale price does not vary, the cost to bring the product to market does vary by region, depending on the location of both the factory and the warehouse. We have been debating about adding additional capacity to Sorange. This enhances in the enhancement of efficiency in timely delivery as well as provision of quality services. 0000001893 00000 n Below is the recommended strategy in the beginning of the game. Estimatedremainingdemand(seeAnnexes1,2&3). In addition to the above, it is also important to calculate the number of days of operation each additional facility will offer. Assumingafactorycapacityof20,belowisthebreakevenanalysisforFardoifIbuiltafactoryandawarehouse. We utilize security vendors that protect and Frommonth28to48,theannex2showsaround49430unitsthatIcanexpecttoselloncethefactoryandthewarehouseareoperational. must. April 8, 2022. https://ivypanda.com/essays/calopeia-supply-chain-game-write-up/. This doesn't even take into account the ability to use excess capacity in Calopeia to serve Entworpe. Tyran and Entworpe. Whatsapp +18632310632. %PDF-1.3 % Perhapssometrialanderrorcoupledwiththosemodelswouldhavebeenabetteralternative. 3. Supply Chain Game. RISK ASSESSMENT 4. (2019) 'Supply Chain Game'. Satisfy demand in Tyran from Entworpe warehouse. "Calopeia: Supply Chain Game Write-Up." Lamentum ($15.99 ERP . Shipping from Sorange factory to Sorange warehouse. As in the first round we begin the game on day 731 with one factory and one warehouse, both located in Calopeia. 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. up as much inventory as possible. Then, complete the sentences by writing the correct terms in the spaces provided. student. ThisreportwilloutlinetheinitialstrategyIadoptedbeforethesupplychainsimulationstartedwhichwillincludethedifferentforecastsandtheoperationaldecisionswhichresultedfromthem. It is the obligation of a business to put its supplier accountable for the quality and timely delivery of its supplies. Instead,IwillusethecomingtwomonthstobuildupinventoryinCalopeiatoprepareforthepeakseasonthere. Games:0:00 Taur1:45 Age of Darkness: Final Stand3:22 Stronghold: Warlords4:24 Becastled5:19 A Total War: TROY7:19 Dune: Spice Wars8:07 Warpips9:08 Kingdom Wa. 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