Masterclass 1 & 5 Combined, Day 2, 14 May: How to use Simulation to predict the impact of Supply Chain Management rule changes & How to Make Better Faster Decisions

R4,025.00 VAT Included

How to use Simulation to predict the impact of Supply Chain Management rule changes

This full day Master Class will be on Day 2, 14 May, 2019.

Management at all levels is responsible for making reliable commitments and judging the impact of changes. They regularly need to decide on what rules to use to optimize the system not just subsystems.


Description

Two fantastic masterclasses on the same day!

Masterclass 5 Content: How to use Simulation to predict the impact of Supply Chain Management rule changes

Management at all levels is responsible for making reliable commitments and judging the impact of changes. They regularly need to decide on what rules to use to optimize the system not just subsystems. This becomes especially difficult in the complex supply chains of today due to the fact that changes can have non-linear impacts, making decisions and predictions very challenging. Our current static decisions support tools like ERP software and spreadsheets cannot fully consider complexities, constraints, dynamic interdependencies and variability. Only with simulation are you able to create a digital twin to adequately model changes on the system and give a range of likely outcomes using sensitivity analysis.

In this masterclass we take a look at the iconic shop from Eli Goldratt’s classic book “Isn’t it obvious” and try to answer two simple but difficult questions using a simulation:

  1. Why do traditional inventory management rules (like Min-Max and Reorder Point/Economic Order Quantity) result in avoidable shortages and surpluses at distributors and retailers?
  2. Why do the demand-driven replenishment rules of Theory of Constraints (TOC) significantly outperform the traditional rules and achieve higher availability with less inventory?

The masterclass will be an interactive session as you will all get the chance to play Hannah’s shop and see if you will be able to achieve the Profitability and ROI Targets for next year? …something that despite their best efforts, previous store managers failed to achieve?

You will also receive a 30-day free subscription to Hannah’s Shop for attending the workshop

All attendees should bring a laptop in order to install Hannah’s Shop application on their machine. Attendees will be given instructions on installation and activating their free 7 day copy before the event.

Website:

Video:

Masterclass 1 Content: How to Make Better Faster Decisions

The ProConCloud method helps you to find and overcome those assumptions that can limit any of us from achieving our objectives!

In just one day you will learn five simple steps to help you overcome the five most common decision mistakes you make when dealing with chronic problems or stressful expectation gaps and conflicts at work or at home. The program is designed to help anyone – young and old – learn and apply a new creative problem solving and decision-making technique to make a breakthrough in any tough problem or decision you are facing.

All attendees are required to bring a laptop to run our web application or mobile device in order to install the mobile application on their own device. The workshop is an interactive session where attendees will be guided in using the Harmony Decision Maker App in resolving a personal or work-related decisions conflict by themselves. We will send out links to the applications to all registrants before the workshop

Odyssey on the web:

Videos to use

Other useful videos can be found on the YouTube channel

You may also like…