Last Updated on April 17, 2025 by Rakshitha
INTRODUCTION
A simulation of a supply chain will illustrate the performance of a supply chain over the course of time. A simulation is said to be dynamic when the logical principles governing a supply chain are encoded into a model for the simulation, which is then run in real time. For instance, manufacturing will begin after the level of inventory has been depleted below a certain threshold.
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OBJECTIVES OF SUPPLY CHAIN NETWORK MANAGEMENT, MODELLING/SIMULATION, IMPLEMENTATION
- The production of goods and their distribution to customers at the end of the chain is the main objective of supply chain management.
- Modelling and simulation are used to gain knowledge of the system as well as to represent it.
- Develop your ability to correlate ideas by integrating your knowledge across courses, majors, or the whole of your program of study.
- Analyze or forecast how different ideas, structures, or species are related to one another.
LITERATURE REVIEW
The phrase “supply chain management” refers to a network of facilities that create raw materials, turn them into intermediate goods, and then finally manufacture final products. These final products are subsequently distributed to clients via a distribution system.
It encompasses all aspects of procurement, manufacture, and distribution.
CONCLUSION
The supply chain is strengthened by the supply network design process, which involves mapping and modeling processes and optimizing those mappings and models to guarantee that goods or services are delivered on time and at a cost that is as low as possible. A supply chain is an interconnected network of organizations, activities, information, and resources that are intended to source, create, and transfer items from their point of origin to their ultimate destination, which is most often from a supplier to an end consumer. Modern supply chains are sometimes rather complicated, since they cover a number of countries and consist of a great number of stages.
| Project Name | : Supply Chain Network Management, Modeling/Simulation, Implementation |
| Project Category | : PHD Dissertation |
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