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What's your inventory policy you are intended to use and on which supply chain structure?
I understand that a lot of simulation tools are taught at the academic level, but I would like to know if these tools are actually used in the real world.
Hi, The overall idea about financial and general benefits of reducing inventories are greatly discribed in earler comments. However, I wish to add few pointers here : ... Voir Plus
Bullwhip sometimes known as whiplash can be explained as an occurrence detected by the supply chain where orders sent to the manufacturer and supplier create larger vari ... Voir Plus
COMSOL is multi-physics simulation software. Unlike other softwares like Fluent, Aspen etc, it is not concerned with just one or two aspects of science, you can couple mu ... Voir Plus
Bull whip effect happens when there is no Inventory control over the forecast . Bull whip effect is due to Forecast error , which should be validated by proper business ... Voir Plus
The answer is depends, they are used much more often in the manufacturing world and a lot of DoD contractors use things like Simio and Anyloigc. I would say that the m ... Voir Plus