We clearly were slower at adding capacity in Tyran Appliances Not seasonal-level19 8. 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. adjusted settings for Calopeia to serve all three new warehouses in other regions. Game 2 The 2-years historical data will be released when the game starts. We begin the game with plenty of capacity, as well as considerable inventory in Calopeia. %PDF-1.3 % Additionally, each supply is influenced by the decisions of its customers, thus influencing its operations. Diaryofongoingactionsaftercommencement 2. 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. Day 956 -Increased capacity at Sorange by 5, now 70. Working in collaborative teams, students must turn knowledge immediately into action, i.e. Order quantity: Sorange factory to Entworpe warehouse. Order priority: Sorange factory to Sorange warehouse. As a result, achieving capacity in 45 drums, Jacobs can realize its potential in production and maximize profits. Shipping from Calopeia factory to Sorange warehouse. I noticed that you did not mention your team-mate. Inthisscenario,theidealforecastingmethodwouldneedtoaccountfortheupwardtrend. Therefore the number of days of sales available is roughly 580. Once the warehouse is in operation, we will begin to serve it with excess capacity and inventory from Calopeia until the factory comes online. Serve the market using excess capacity from Demand forecasting 2.1. 1. Unfortunately, direct solution of the full 0000003094 00000 n April 8, 2022. https://ivypanda.com/essays/calopeia-supply-chain-game-write-up/. Disconcertedbytheresulting2.6dropincash,IthenmadeanothermistakeindecidingtoservetheTyran,SorangeandEntworpemarketsrightawaytobuildupcash. Calopeia. ThecapacityavailablefromtheCalopeiafactorycanalreadysatisfythosedemands(withaprofitmarginof136.72thankstotrucktransportation)andtheirdemandlevelsdonotjustifysuchaninvestment. Sorange as we should have been, and it has cost us some lost sales. We know that late in the game when demand in Calopeia drops, we Estimatedremainingdemand(seeAnnexes1,2&3). 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. meet expected demand. Transaction History, We will write a custom Report on Supply Chain Game specifically for you for only $11.00 $9.35/page. 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. Initial Situation Assessment At the end of the first part of the game, Day 730, we had the following available data, which was essential to trigger a strategy for the second and final phase: Cash Balance: $6,797,000 Calopeia's Warehouse Inventory: 2,528 drums Calopeia's Production Capacity: 70 drums/day In this second stage, we had 4 different IvyPanda. http://firstemail.wikispaces.com/Supply+Chain+Game+Round+2, Master Dentistry,Volume 1: Oral and Maxillofacial Surgery, Radiology, Pathology and Oral Medicine,3 (Paul Coulthard; Keith Horner; Philip Sloan; Elizabeth D. Theaker), Modern Auditing and Assurance Services (Barry J. Cooper; Paul Coram; Peter Richardson; Philomena Leung), Intermediate Accounting: IFRS Edition, 2nd Edition (Donald E. Kieso; Jerry J. Weygandt; Terry D. Warfield), Thermodynamics: an Engineering Approach (Yunus A. engel; Michael A. Boles), Essentials of Corporate Finance (Stephen A. Ross; Bradford D. Jordan; Randolph Westerfield), Principles of Economics (Gregory Mankiw, Joshua Gans, Stephen King, Robin Stonecash), Fundamentals of Corporate Finance (David Hillier; Iain Clacher; Stephen A. Ross; Randolph Westerfield; Bradford D. Jordan), Cost Accounting: a Managerial Emphasis (Charles T. Horngren; Srikant M. Datar; George Foster; Madhav V. Rajan), Fundamentals of Corporate Finance (Richard A. Brealey; Stewart C. Myers; Alan J. Marcus), Investments (Bodie, Kane, Marcus and Jain), Corporate Finance (Ross Stephen A.; Westerfield Randolph W.; Jaffe Jeffrey F.), Microeconomic Theory (Walter Nicholson; Christopher Mark Snyder), China's Social Welfare: The Third Turning Point (Joe C. B. Leung, Yuebin Xu), Fundamentals of Futures and Options Markets (Hull John), Foundations of Clinical Research: Applications to Practice (Leslie Gross Portney; Mary P. Watkins), Case 1 - Netflix Inc Streaming Away from DVDs, 253018890 Bio Pharma Case Discussion Questions, Assignment 1 for EF3441 intermediate Macro. Toconclude,thecontrolthegameofferedandthefactthatitwascontinuousmadeitafunwaytolearnaboutsupplychainmanagement. Finally,Iwillconcludethischapterwithanestimateofmyfinalcashfigurewiththetablebelow: Analysisofmistakesandsolutionssuggestion. ConsideringEntworpe,demandisnotseasonalnorisittrendingandordersof250unitsarriverandomly. Entworpe in order to focus on the three markets where we had factories and the highest profit margins. A factory takes 90 days to build, and we cannot rely on demand beyond day 1430. By adhering to these phenomena, business entities entailed in the practice of supply chain management are able to streamline its operations. remainsthehighestpossible. The calculation for a factory is: 19 X 25 X 596 = $283,100 Again a factory would not pay for itself. Initial capacity of the factory is 30, with 5 additional units of capacity added approximately every 30 days. Copyright 2023 - IvyPanda is operated by, Continuing to use IvyPanda you agree to our, Intermodal Transport and Drayage Operations, Driving Value Through Procurement and Supply, Littlefield Technologies: Customer Responsiveness Simulation Write-Up, Tysons and Frehses Academic Writings Analysis, Writing Process from Subject Study to Conclusion, The Cost Differential between Truck and Mail, Barefoot Jogging: "Born to Run Barefoot?" This tells us that it takes 236 days for capacity to pay for itself. BelowIwillanalyzethosemistakesandexplainhowIcouldhavedonebetter(refertoannex8forSCORmap). (2022, April 8). Calopia 120 not needed, 100 ik ok.2. Idecidednottoreducethosecapacitiesfortworeasons. Firstbelowisatablesummarizingmyinvestmentsininfrastructure. 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. Ilearnedinthismodulethatasupplychainstrategyshouldbealignedwithbothinternalbusinessfunctionsbutalsowithpartnersupstreamanddownstreamaswellastheoverallcorporatestrategicgoals. April 8, 2022. https://ivypanda.com/essays/calopeia-supply-chain-game-write-up/. A key phenomenon in supply chains is that of coordination, whereby a business should be steadfast in monitoring the operations of its suppliers. April 8, 2022. https://ivypanda.com/essays/calopeia-supply-chain-game-write-up/. Chaining the order quantity from 150 to 200 on Day 730, it is possible to achieve cost savings in production. model out these two scenarios to try and determine the best way to go. If one truck can carry 200 drums and the cost of the trip is $15,000, it costs $75 to ship one drum. Wow! Serve the market using excess capacity from Calopeia. Here are all the upcoming games and their release dates, including Wo Long . Also want to be sure that Decision: Build a warehouse only in Entworpe on day 731. This new feature enables different reading modes for our document viewer. This report on Calopeia: Supply Chain Game Write-Up was written and submitted by your fellow The Suppy Chain Game Writeup. We are also thinking that final If you are the copyright owner of this paper and no longer wish to have your work published on IvyPanda. Forexample,PwCbelievesthatcorrectlymanagingmacroeconomicriskintodaysincreasinglycomplexsupplychainscouldmakethedifferenceinthisfastpacedandglobaleconomy, . AUTHORS' COMMENTS 1. Shipping from Sorange factory to Sorange warehouse. Sudden Strike 4 Complete Collection ($39.99 ERP): Available March 1-31. We began our initial analysis by reviewing the instructions in detail. 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. 1. The 2nd option, building both a factory with capacity of 15 and a warehouse, would incur a total cost of $1,350,000. z o.o. Considering the 4 mainland regions, additional cost of $75 per unit is incurred if both the factory and warehouse are located in a different region than the market served. 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. Looking at the demand for the previous two years of producing chemicals, it is possible to state that the average demand was about 25-45 drums per day. The average demand between day 671 and day 730 is just over 8 units. As in the first round we begin the game on day 731 with one factory and one warehouse, both located in Calopeia. Toys 'R' Us Timeline 2.4 Vision/Mission Statements 3. Demand forecasting 2.1. This doesn't even take into account the ability to use excess capacity in Calopeia to serve Entworpe. around day 1415 we shut down most of the factories and were pretty conservative on our estimates of 1. Whatsapp +18632310632. Thus,thefinaldecisionistobuildbothawarehouseandafactorywithafinalcapacityof20inFardoonday730. FortheCalopeiaregion,theassignmentstipulatesthatdemandisveryseasonalbutstable. ThesectionsbelowwilldetailhowIintendtoachievethatandhowIwillmanagemynetworktoensureIamleftwiththehighestcashbalanceattheendofthesimulation. SoIexpectamaximumof4855unitsinlostdemand,whichwouldrepresentalostprofitof4855*136.72=663776. 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. For example at one point we went for AlthoughitworkedverywellinFardowhereIdidnotencounteranyissues,IshouldhavenonethelessusedthecontinuousreviewinventorymethodincludingthesafetystockandtheEOQtomanagemyinventories. Thus, the use of trucks seems to be more advantageous for Jacobs, but the problem is in the transportation time and number of drums in each track. Manufacturers in Calopeia have the opportunity to purchase the item from the other producer if the item is not shipped within 24 hours after receiving the order. The Game Scenario: Jacobs' distribution network consists of a single factory and a single warehouse, both in Calopeia. Order point: Sorange factory to Calopeia warehouse. 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. TheformulaabovewasusedtoforecastthedemandsforTyran/Fardothroughatable/grapheach,pleaserefertoAnnex3whichshowsremainingdemandis12899and12659respectively. Therefore we believe it is clear that a factory in Sorange is justified. 0000005135 00000 n HadIfulfilledthoseordersbyrespectinginitialcapacityplansIwouldhaveovertookthreeteamsinthefinalrankingsasonly3.8morewouldhavebeennecessarytooccupythe5. 700 total days, less 90 days for construction, and 14 days to get the product to market, leaves about 596 days of reliable production remaining. Annex6plotsproductionagainstdemand. 0000003914 00000 n take it up to 75. 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. Lamentum ($15.99 ERP . certain that the per unit profit justified these costs. Remember your reading plan. Instead,IwillusethecomingtwomonthstobuildupinventoryinCalopeiatoprepareforthepeakseasonthere. We are also thinking that final capacity may end up higher than originally anticipated at 70-75. IvyPanda. Basically, supply chain management entails the identification of potential suppliers or business partners who will be in a position to supply the business with products, services or raw materials for enhancing production and distribution of goods. Assume Calopeia has an average daily demand of 50. There is no . (2019) 'Supply Chain Game'. We have been debating about adding additional capacity to Sorange. "Calopeia: Supply Chain Game Write-Up." Finally decided to go ahead and take it up to 75. 1. In addition we had proper safety stocks built up in both Forexample,aqualityissue(especiallyinchemicals)couldprovedisastrousnotonlytothesupplychainbuttothewholeorganization. Manage your resources and invest them carefully. Day 730 It is possible to calculate the regular capacity, without adding more drums 90 days x 20 =1800, and 28611-1800 = 26811. Get great deals on games wherever you go! Schedule factory capacity change in Sorange. Order quantity: Sorange factory to Sorange warehouse. Satisfy demand in Tyran from Entworpe warehouse. 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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 : . must. IvyPanda. 1. Toillustratethis,in2007,Mattelfoundleadinsomeofitstoyswhichledthecompanytorecallmorethan18milliontoysworldwide,costinghundredsofmillionsinlostsalesandreputationaldamage. 8 April. Push your army through the borders of the continent and conquer nations. Overall Standing: 2nd Position, $7,126,112. Also Thus, Calopeias manufacturers of air conditioner retrofit kits are interested in buying Jacobs chemicals. AGILEA was createdin 2009, and introduced supply chain simulation game for management of Customers' demand, Suppliers' order book, inventory levels, backlog. This is a vital and basic process in entering the supply chain games. You can open or close facilities and adjust factory production rates. Subtracting the cost to build the factory we calculate a profit potential of. Order point: Calopeia factory to Calopeia warehouse. However profit would increase to $211.80 per unit. For a batch size of 200, Order point: Calopeia factory to Entworpe warehouse. Go through. This chain of supplies is aimed at ensuring that each business meets the demands of its customers. Since there was only a period of about 130 days where we lost sales due to inability to meet demand. Order point: Sorange factory to Entworpe warehouse. A company should also be steadfast in asking its suppliers to meet the local support team as well as negotiating over the purchase price. ThelatterpartwillbeconcernedwithdetailingtheprogressofthegamewithaparticularfocusonthemistakesmadeandwhatcouldhavebeendonetoachieveabetteroutcomebeforeconcludingwiththelimitationsofthesimulationandwhatIretainfromthewholeexperience. Satisfy demand in Sorange from Entworpe warehouse. Serve the market using excess capacity from Calopeia. Throughout the course of the game, the However,becauseittakesthreemonthstobuildafactoryIwilldiscountforecasteddemandfromday730to820. Itleadmetorunoutofstockonday762until785. It is important to adjust the schedule and control completing trucks while focusing on avoiding the lost demand. Misrepresentation - This is specifically made for exam purpose of contract law. New warehouse? Tyran 3. Priority Level We started the factory in Sorange, whereby the main reason was the anticipated additional value to the factory of about, 15,000. It should be noted that each group has control over a certain group of supply chain. We can easily see that a warehouse is justified with this amount of demand. factory and warehouse are located in a different region than the market served. The concept of supply chain games is an online supply network simulator for demonstrating the actual nature of supply chains. 2. Day 956 - Increased capacity at Sorange by 5, now 70. Then, complete the sentences by writing the correct terms in the spaces provided. Indeed,exportingtothatregionwillinevitablyincuralossormakeasmallprofit(ifthereisawarehouseinFardo). myfinaldecisionisthatthereismorevalueinbuildingupstockviatruckinCalopeiawarehouseformonths25and26soIcanthenfocusonprovidingfortheotherwarehousesoncetheyarereadyandsellfromthemataprofitmarginof186.72. Fardoistrickyasthecostbreakdowntableshows. GUIDELINES FOR OPERATIONS IN JAPAN 5. 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. same, Round 2 was a much more complicated affair. Demand in Tyran is averaging 19 per day, and is level and non-seasonal. Need a custom Report sample written from scratch by Now we had to consider five different markets four IvyPanda. DO NOT SELL anything from Calopia WH to any region (except its local customer) from day starting till WH is ready.6. G2A.COM Limited 31/F, Tower Two, Times Square, 1 Matheson Street Causeway Bay, Hong Kong Incorporation number: 2088957 Business registration number: 63264201 Customer (support) services are granted by G2A PL Sp. Frommonth28to48,theannex2showsaround49430unitsthatIcanexpecttoselloncethefactoryandthewarehouseareoperational. Ialsoseverelydeviatedfrommyinitialtransportationstrategywhichwastosticktotrucksthroughoutthegame. In addition to the above capacity increases, we have also monitored the various priority levels and Knowing that additional capacity takes 90 days to build, we can see that we shouldn't add any capacity after day 1100. Therefore stockouts here can be costly. Factory and Warehouse$211 Factory and Warehouse$211. Click here to find your hidden name meaning. seasonal cycle, we built up every bit of inventory that we could. EXECUTIVE SUMMARY 1.1 Key Facts 2. It will help us to determine the level of the, safety stock as well as order point. The average demand between day 671 and day 730 is just over 8 units. Trucks are chosen when more than 100 drums should be shipped. "Supply Chain Game." Inowrealizethatforexample,areorderpointof2169andanEOQof649wouldhavebeenenoughinCalopeiafromweek114to117(insteadofmorethandoublethat). The cost without the number of drums x$1000 is 190 (batches) x $1500 (price per batch) = $285,000. Shipping from Calopeia factory to Entworpe warehouse. Indeed,Iamtoldtheyreachedtheirlongrunaverageonday670,althoughordersizesandarrivalsarerandom. 12. IdecidedtoadoptatwoperiodmovingaveragetopreservereactivityintheforecastandalsobecausethereisaclearpatternintheCalopeiademandwhichmeansitdoesntrequirethedelayedreactionpropertya3or4movingaverageforecastoffers-thatwouldbemoreadaptedtounstabledemands. remaining inventory. A factory takes 90 days to build, and we cannot rely on demand beyond day 1430. We will first determine if it makes financial sense to build a warehouse in Entworpe. Trying to get all of the batch sizes (except for Fardo) to 600, which we calculate as EOQ. Minimum 10 days $2. *includingFactory500kandWarehouse100k. At 1 1 PROBLEM BASED LEARNING IN BUSINESS EDUCATION This was early, but I was going to be asleep at ThismeantthatIhadtowait44daysbeforereceivingmyorder. Notethatbecausedemandforbothregionsstabilizesatmonth23,Iwillnotconsidermonth22. This is aimed at lessening the supply process of various goods to different destinations. - More than 30 large-scale battlefield maps in war game. A new factory has a fixed cost of $500,000, so there is clearly no payoff to build a factory in Entworpe. While increasing the order quantity and focusing on 200, it is possible to produce about 143 batches (28,600/200). 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. However,IreflectedonthemistakesmadeandproposedsomeimprovementswhichconvincesmethatifIhadasecondruninthissimulationIwouldfinishwithlesslostorders,asmoothertransportationsystem,anappropriateinventoryandultimatelyahighercashbalanceonday1460. Order quantity: Calopeia factory to Calopeia warehouse. We begin the game with plenty of capacity, as well as considerable inventory in Calopeia. professional specifically for you? SWOT ANALYSIS 5.1 IFE Matrix 5.2 EFE matrix 6. Volume 90%, Reading Guide Graphic Organizer Step 1: When reading a book, it's all about asking the right questions and finding the answers. Day 790 - Increased capacity at Sorange factory by 10. capacity may end up higher than originally anticipated at 70-75. demand later in the game. From our experience at the end of round one we did not want to end up with extra Decision: Build a warehouse only in Entworpe on day 731. 22 August. However,mylackofexperienceinthegame,somemistakesandperhapsaloosedisciplineledmetodeviatefrommyinitialplanswhichendedupdisruptingmywholestrategyasitwasdifficulttorevertbacktoitoncesomechangesweremade. Tyran and Entworpe. Hopefully this will allow us 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. While the product sale price does not vary, the cost to bring the product to market does vary by region, Iendedupdoingjustthatafterthesimulationendedanditisavailableinannex9. We will first determine if it makes financial sense to build a warehouse in Entworpe. Focusing on the fact that the demand is seasonal, but rather stable, it is possible to forecast the demand for the next two years in about 39 drums per day because 28611/730 = 39.2 where 28611 is the number of completed drums, and 730 is the number of days of the businesss lifetime. As demand dropped in Calopeia through the Supply Chain Game. Ischeduled20drumsadayproductionbecausefor640daysofoperationitwouldequalto12800drums,whichisenoughtocovertheexpectedremainingdemandof11272forFardo(SeeAnnex3). Theaveragedemandforthesefourmonthsis437.5. 0000003873 00000 n cost is only $25 per unit. Themovingaveragetoolfitsperfectlyasitwillreflectseasonalityanddoesntfocusonrandomnessortrends. The processes of shipping, supplies and satisfying demand were undertaken so as to grantee quality and efficiency. So we decided to serve Tyran from Entworpe for a short time. Course Hero is not sponsored or endorsed by any college or university. We tool inventory in Calopeia up to about Calopeia. They range from Chess to war games. professional specifically for you? Now, having calculated these numbers, we were ready to start making decisions for each region. Firstly, a company should contact several providers to seek to ask demonstrations on its services. The potential profit for each scenario is summarized below. This will help in boosting efficiency in the issues of supply chains. Hopefully this will allow us to finally get ahead of demand when capacity comes online. By the So we decided to serve Tyran from Entworpe for a short time. 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.