Beer game is a simulation of a supply chain with four makers, the retailer, wholesaler, distributor and company. This helps the manager at each level of supply chain to decide the amount to order from their suppliers with a common goal of minimizing the cost of capital in the goods, While at the same time avoiding the out of stock situations. The factory aims to produce enough products that will meet the market demands and avoid backorders and use it later to set up the strategy aimed to reduce the stock levels. The distributor's main focus is to have a strategy that will ...
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Beer game is a simulation of a supply chain with four makers, the retailer, wholesaler, distributor and company. This helps the manager at each level of supply chain to decide the amount to order from their suppliers with a common goal of minimizing the cost of capital in the goods, While at the same time avoiding the out of stock situations. The factory aims to produce enough products that will meet the market demands and avoid backorders and use it later to set up the strategy aimed to reduce the stock levels. The distributor's main focus is to have a strategy that will ...
Executive Summary
Procurement and Supply Chain Management P&SCM are two of the most important functions that inevitably lead to the creation of a high level of value proposition for an organization’s customers and stakeholders. The objective of this paper is to focus on a preselected organization that can make use of improved ways how to do their operations from a procurement and supply chain management perspective. In this paper, the organization that the author chose to focus on was Education Above All Foundation (EAAF).
In this report, the EAAF’s fundraising and partnership building department were emphasized. The goal was ...
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- What is Agile and what are user stories?
Agile refers to a software development methodology that provides more efficient ways of handling and managing software development projects as compared to traditional methods such as the waterfall development methodology. Agile development allows for the evolution of requirements and problem solutions through the collaboration of cross-functional teams. The methodology promotes evolutionary development, adaptive planning, continuous improvement, early project delivery, and promotes rapid response to change. Agile has some unique characteristics and emphasizes more on interactions than development processes and tools. The methodology also places more focus on delivering working software ...
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- Introduction
Supply Chain Management (SCM) has gained a significant presence in the industry and influences the success of an organization giving it a competitive advantage. All manufacturing companies irrespective of size, manufacturing process or the product need a controlled flow of products and services from suppliers to manufacturing and then distribution to the final customer. There are different dimensions of SCM that include customer relationship, strategic partnerships, and information sharing. An important model for SCM monitoring is SCOR or Supply Chain Operations model. Most leading companies ...
