The Supply Chain Simulation Toolkit

Course overview

We will use Cesim’s “SimFirm” simulation software to simulate real-world situations that managers in the supply chain function experience in this one-of-a-kind and cutting-edge course.

The software allows you to test your decision-making skills with considerably lower stakes by simulating real-life scenarios and integrating with all relevant departments, including manufacturing, distribution, and logistics.

Through the integration of industry shifts, competitors, and budgetary limitations, this simulation offers a singular chance to explore and comprehend the diverse methods of supply chain administration.

Are you in charge of making decisions about supply chain management that are beneficial for your company? Would you like the chance to look at ways to make your process better and comprehend how any adjustments you make will affect the real world?

This Training Bee training course is a cutting-edge approach to an age-old issue. It will provide you the chance to formulate concepts, think through approaches, and carry out large-scale modifications that would be impractical for you to try in your business. This special understanding is a very useful tool that will help you flourish in the future.

Introduction

Greetings from the fascinating world of supply chain management simulation! The success of any corporation depends on its ability to manage a smooth and effective supply chain in the dynamic and interconnected economic environment of today. Optimization and improvement of supply chain operations are crucial tasks for simulation, a potent tool for decision support.

By the time this course ends, you will have acquired insightful knowledge and useful abilities to use simulation as a tactical instrument to improve the effectiveness, durability, and performance of supply chain operations. Prepare yourself to set off on a voyage of exploration and creativity with Supply Chain Management Simulation!

We are The Training Bee, a global training and education firm providing services in many countries. We are specialized in capacity building and talent development solutions for individuals and organizations, with our highly customized programs and training sessions.

Learning Objectives

Upon completing Simulation in Supply Chain Management, participants will be able to:

• Make sure your company has a strong supply chain management plan that takes into account all the simulation’s variables to reduce risk.
• Encourage and motivate people in your supply chain to make decisions based on your research that would have otherwise included unknown risks.
• Improve your forecasting and budgeting abilities, and assess the effectiveness of your decisions with examples from real-world situations.
• Examine the effects of several elements, including consumer behavior, market dynamics, and even world crises and market crashes.
• Gain a deeper understanding of how your company functions within the larger industry and supply chain on text.
• Plan your tactics for a market that is always evolving to stay one step ahead of your rivals and stay ahead of the curve.

Our Unique Training Methodology

This interactive course comprises the following training methods:

• Journaling – This consists of setting a timer and letting your thoughts flow, unedited and unscripted recording events, ideas, and thoughts over a while, related to the topic.
• Social learning – Information and expertise exchanged amongst peers via computer-based technologies and interactive conversations including Blogging, instant messaging, and forums for debate in groups.
• Project-based learning
• Mind mapping and brainstorming – A session will be carried out between participants to uncover unique ideas, thoughts, and opinions having a quality discussion.
• Interactive sessions – The course will use informative lectures to introduce key concepts and theories related to the topic.
• Presentations – Participants will be presented with multimedia tools such as videos and graphics to enhance learning. These will be delivered engagingly and interactively.

Training Medium

This Simulation in Supply Chain Management training is designed in a way that it can be delivered face-to-face and virtually.

Course Duration

This training is versatile in its delivery. The training can be delivered as a full-fledged 40-hour training program or a 15- hours crash course covering 5 hours of content each day over 3 days

Pre-course Assessment

Before you enroll in this course all we wanted to know is your exact mindset and your way of thinking.
For that, we have designed this questionnaire attached below.

• Give a definition of “supply chain” and outline the main elements of it.
• What role does efficient supply chain management play in the modern corporate world?
• Give a succinct explanation of simulation as it relates to supply chain management.
• How might supply chain process optimization and improvement be aided by simulation?
• Explain the differences between continuous and discrete-event simulation as they relate to supply chain management.
• Give an example of a situation in which each kind of simulation would work best.
• Talk about how risk and uncertainty affect supply chain operations.
• In what ways does simulation aid in the reduction of risks and uncertainties in the supply chain?

Course Modules

This Simulation in Supply Chain Management covers the following topics for understanding the essentials of the Agile Workplace:

Module 1 – Overview of Simulation Programs

• A brief overview of the software
• Getting acquainted with the platform
• Outlining the course’s goals and becoming familiar with the fundamentals
• Gaining more insight into the potential effects of the simulation model on your company
• Possibility to determine your course objectives and get knowledge from prior teams

Module 2 – Getting Started with the Simulation

• Launching the program and determining the desired learning results
• Gaining knowledge from prior case studies and closely examining your suggested tactics and software usage
• Taking into account the significance, foundations, and relationships of decision making
• Taking into account the effects of the production, distribution, marketing, and finance sectors
• Formulating and initiating the organizational blueprint

Module 3 – Both internal and external factors

• Considering the elements most likely to affect your choices and the results you get
• Evaluating the operational flow and realizing the significance of every supply chain stage and its relationship to other internal variables
• Taking into account the influence of external and macro factors on financial, marketing, and sales decisions
• Setting priorities for the product life cycle, distribution, and production

Module 4 – Plans and Objectives

• Creating your long-term plan and overarching vision
• Using Porter’s Five Forces and taking the competitive environment’s effects and opportunities into account
• Making a successful road map
• Acquiring the ability to motivate your group and plan for achievement
• Creating a shared vision and achieving objectives with effective strategic planning

Module 5 – Marketing and Sales

• Examining several possibilities about the influence of sales and marketing through the use of the simulation
• Recognizing the effects of this, especially in relation to the time and cost savings you hope to implement in your supply chain
• Taking into account how the larger organization may affect your plan

Module 6 – The Life Cycle of Products

• A more thorough examination of the entire product life cycle
• Identifying and establishing possibilities and efficiencies at different phases using the simulation
• Tools for pricing and profitability to assist you in making much better decisions
• Creating a life cycle simulation and evaluating theories against a larger matrix of external and macro elements
• Pay attention to how supply and demand affect price elasticity and other economic factors.

Module 7 – Making Decisions

• How to apply what you’ve learned to comprehend the effects and ramifications of the choices you make in the future
• Analyzing a range of results from the simulation and talking about how to incorporate them into your organization’s change roadmap
• Last chance to try out a few more situations using the simulation, with time allotted for collaboration and discussion of results with other students in the class.

Module 8 – The Actual World

• How to apply all you have learnt in the simulation to implement the required modifications in your department
• Finding out how to implement these changes successfully and influence change inside your company
• Rules for applying the simulation mentality to real-world decision-making, as well as practical resources to serve as a helpful reminder of the advantages and potential applications of this kind of approach to forecasting and decision-making

Post-course Assessment

Participants need to complete an assessment post-course completion so our mentors will get to know their understanding of the course. A mentor will also have interrogative conversations with participants and provide valuable feedback.

• Compare and contrast the two distinct modeling approaches that the course covers. Talk about the situations in which each strategy would be more suitable.
• After completing the course, how comfortable are you using simulation tools for supply chain analysis?
• Consider the influence simulation has on supply chain management decision-making.
• Talk about an instance when supply chain risks were addressed and mitigated through the use of simulation.
• Determine and talk about a supply chain management issue that arises in the real world but wasn’t addressed in the course.

Lessons Learned

Comprehensive Perspective on Supply Chain Dynamics: Participants obtain a thorough understanding of how supply chain operations are interconnected. They understand that adjustments made to one link in the supply chain may have repercussions for the entire system.

Support for Strategic Decision Making: By giving participants access to a dynamic and realistic environment for testing various scenarios, simulation gives them the skills they need to make strategic decisions. They discover that simulations provide insightful information that can improve supply chain performance overall and guide decision-making.

Management of Risk and Uncertainty: The significance of managing and minimizing risks and uncertainties inside the supply chain is one of the main teachings. Participants discover that simulation is an effective tool for spotting possible hazards and putting management and mitigation plans to the test.

Optimization of Performance Metrics: The participants comprehend the application of simulation in optimizing critical performance indicators. Simulation turns into a useful technique for attaining performance improvement, whether it’s through lead time reduction, better inventory management, or general efficiency enhancement.

Challenges for Real-World Applications: The training provides an understanding of the difficulties in applying simulation to actual supply chain situations. Participants get experience navigating concerns with organizational buy-in, model complexity, and data availability.

The mindset of continuous improvement: The significance of embracing a continuous improvement attitude in supply chain management is a crucial lesson discovered. Simulation is a dynamic technique that can be used repeatedly to improve and optimize operations over time rather than a one-time fix.