Supply Chain Mgmt. Simulation in the Beer Pub
By Ron Sengupta Journey Begins - Discovering the World of Supply Chain I have recently signed up for Supply Chain Management Micromasters at MITx. This is a fascinating and rich program that dive deep into supply chain systems and technology. The program introduces four core components of supply chain technology, 1. Data Management, 2. Machine Learning for SCM, 3. Supply Chain Systems and 4. End to end simulation from the perspective of the supply chain management ecosystem. The simulation aspect of the supply chain is completely new to me. Although the formal program has yet to touch on simulation, it caught my attention (kind of a shiny new thing). So, I started exploring it on my own. This is my musing. The Role of Simulation in Supply Chain Management As per the “Supply Chain Management: Strategy, Planning, and Operation“ by Chopra and Meindl “A supply chain consists of all stages involved, directly or indirectly, in fulfilling a customer request. The supply chain not o...
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