Supply Chain Management

Supply chain management (SCM) is a strategic function that determines the competitive advantages of any organization from today market place. SCM contains critical functions like procurement, inventory, demand planning, forecasting, capacity planning, material planning, quality, location section, layout design, SCM segmentation, risk management, logistics and after sales service. It is essential that students must gain experience to manage near real world SCM challenges and mere attending lectures from class room will not suffice students in this critical aspect.

This proposed curated SCM micro simulations are designed to provide interactive platform for students to gain real time experience in managing SCM challenges across a wide variety of scenarios cutting across various SCM functions. This cluster of SCM scenarios are purpose designed to offer a comprehensive understanding of critical SCM functions, explain the intricate nature of interconnectedness among SCM functions and enable prospective students to exercise superior managerial decisions to meet evolving industry demands.

These microsimulations are planned to provide strategic decisions like determining SCM network structures, tactical decisions like inventory decisions, operational concepts like managing production schedules etc. All these micro simulations are game based concept to enthuse the participants to work in groups or individual capacity to bring maximum creativity among them to solve persisting SCM challenges.

The following list explains the available microsimulations across critical SCM functions. There is various outcome to be achieved from each microsimulation like optimize the supply chain in terms of cost reduction, efficiency, and service level (e.g., on-time delivery, product availability). Players make decisions that balance trade-offs between cost and service. Few notable benefits from simulations are learning by doing, better decision making, better collaboration among stakeholders and achieving optimization expectations.