Dynamic Simulation of Supply Chain and Logistics

INTRODUCTION

This Purchasing & Logistics training seminar on Dynamic Simulation of Supply Chain and Logistics will help identify potential risks and plan for mitigation measures before the risks actually arise, adequately plan lead times, warehousing and inventory resources, as well as optimal number of transportation resources.

The analytical thinking alone is not enough to address the issues and challenges that are presented in modern supply chains. In order to be able to recognize the possible bottlenecks and opportunities, the Supply Chain and Logistics specialists need to have a tool that will enable them to model the supply chain and logistics activities and visualize the actual process in real time. They need to be able to perform experiments in a virtual world, which will enable them to execute their ideas, without the risk of disturbing the supply chain in the real world. 

This training seminar on Dynamic Simulation of Supply Chain and Logistic will highlight:

• Use of Dynamic simulation in the processes of Supply Chain Design and Analysis
• Planning for the potential risk and disturbances within a supply chain
• Optimization of inventory and transportation policies and resources
• Bullwhip effect management and reduction
• Analysis of new product introduction and potential distribution networks
• Evaluation of alternative supply chain improvement options within a simulated environment
• Transport resources optimization and fleet planning

PROGRAM OBJECTIVES

• Perform a Greenfield Analysis of the Supply Chain
• Understand the risks of Supply Chain and Logistics and the ways to simulate them
• Perform simulations that will help you with your inventory optimization
• Acquire the knowledge to predict possible bullwhip and ripple effects
• Visually present the whole process flow of your Supply Chain and Logistics processes
• Use the tools for effective transportation planning
• Present the effects of the proposed changes through the changes in simulation outputs

WHO SHOULD ATTEND?

• Operation Managers
• Project Managers
• Supply Chain Managers
• Risk Managers
• Plant Managers
• Production Planners
• HR Managers
• Logistics Managers
• Plant Managers
• Business Improvement Specialists
• Consultants

PROGRAM OUTLINE

Supply Chain and Logistics Processes Through Simulation 

• Supply Chain and Logistics Process Planning
• Basis of Dynamic Simulation
• Supply Chain Analytics Problems
• Analytical Optimization in Supply Chains and Logistics
• Dynamic Simulation

Supply Chain Design Through Simulation 

• Greenfield Analysis
• Multi-echelon Supply Chains
• Identifying Potential Distribution Locations for a New Supply Chain
• Introduction to Any Logistics Simulation Package
• Performing a Simple Facilities Location Analysis with the Use of the Software
• Integration of Supply Chain Software with IT Infrastructure
• Supply Chain and Logistics Projects with Dynamic Simulation Software

Supply Chain Analysis Using Dynamic Simulation 

• Master Planning and Importing Data from Data Sources
• Capacity Estimation
• Exercise: Capacity Estimation of a Designed Supply Chain through Dynamic Simulation
• Service Level Analysis
• Exercise: Service Level Analysis of a Designed Supply Chain through Dynamic Simulation
• Presenting The Results
• Exporting Analysis Results to Excel and other Software

Inventory Optimization using Dynamic Simulation 

• Inventory and Safety Stocks
• Inventory Optimization
• Exercise: Optimizing Safety Stocks and Reorder Points through Dynamic Simulation
• Examining Different Transportation Policies through Dynamic Simulation
• Fleet Utilization, Transportation Utilization, Transportation Cost and Lead Time
• Raw Materials Inventory Policies
• Choosing between FTL / LTL (Full Truck Load vs. Less Than Truckload) Policies

Supply Chain Risk Assessment 

• Supply Chain Risks
• Estimating The Supply Chain Risks Effect on The Revenue
• Planning For Prevention, Contingency and Recovery Measures
• Bullwhip Effect
• Planning For a Possible Interruption in Production
• Impact of Customer Behavior on Supply Chain Metrics