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Demand And Supply

SUMMARY OF OPERATION AND DIGITAL BUSINESS

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SUMMARY OF OPERATION AND DIGITAL BUSINESS

Practising operation simulation game has significant importance of improving an individual’s decision-making process in operations management. It introduces players to the complex nature of the decision-making process within the industry as well as the volatile environment in which business operations are carried like in the case of the apparel industry. Different elements like contract specifications, production flow and shipping area are involved and for an individual to have an early introduction and experience in relation to decision making involving these elements is an immense step towards becoming an astounding manager within the industry.

The goal of the first simulation was to complete five contracts on the production process. The operation flow included four major machine activities, including cutting, sewing, press transfer, and packaging. Decision making in the first module was highly influenced by customer orders, the quantity of the order, quality, and the need to prioritize. I ensured lean purchasing by ensuring that the available raw materials were just enough for producing the demanded products and went for discounts whenever necessary. In the first module, 80% of the contracts were completed on time, generating a net worth of $23,150. For module two, 66% of contracts were completed on time, generating a net worth of $33,265.

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At the same time, The supply chain is a systematic process that entails placing bids for contracts, ordering raw materials, turning raw materials into finished products, and shipping the final products to the respective clients. Failure to convert resources into finished outputs in time can result in late delivery of products which can prove to be costly from the resulting losses such generates. However, such can be managed through quality inspection, stockpiling inventory, and managing production demand.

At the same time, The supply chain is a systematic process that entails placing bids for contracts, ordering raw materials, turning raw materials into finished products, and shipping the final products to the respective clients. Failure to convert resources into finished outputs in time can result in late delivery of products which can prove to be costly from the resulting losses such generates. However, such can be managed through quality inspection, stockpiling inventory, and managing production demand.

At the same time, The supply chain is a systematic process that entails placing bids for contracts, ordering raw materials, turning raw materials into finished products, and shipping the final products to the respective clients. Failure to convert resources into finished outputs in time can result in late delivery of products which can prove to be costly from the resulting losses such generates. However, such can be managed through quality inspection, stockpiling inventory, and managing production demand.

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