TU-E2021 - Advanced Operations Management D, Lecture, 10.1.2022-21.2.2022
This course space end date is set to 21.02.2022 Search Courses: TU-E2021
Topic outline
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Case and readings Folder
This week does not have a reading case, you will instead play this sourcing game and create an optimal sourcing strategy:
Supply Chain Designer: Skiwear Sourcing game
The details for assignment return will be available in a MyCourses block below.
Suggested readings:
- Analysis toolbox materials: Inventory models slides and Monte Carlo with Excel video and example
- Chapter 11 Order Point Inventory Control Methods: F. Robert Jacobs, William L. Berry, D. Clay Whybark and Thomas E. Vollmann: Manufacturing Planning and Control for Supply Chain Management, McGraw-Hill, 6th international edition, 2011.
- de Treville, S., Cattani, K., Saarinen, L., 2017. Technical note: Option-based costing and the volatility portfolio. Journal of Operations Management 49–51, 77–81. https://doi.org/10.1016/j.jom.2016.12.004
Additional readings:
Cattani, K.D., Dahan, E., Schmidt, G.M., 2010. Lowest Cost May Not Lower Total Cost: Using “Spackling” to Smooth Mass-Customized Production. Prod. Oper. Manag. 19, 531–545. https://doi.org/10.1111/j.1937-5956.2009.01113.x
Boute, R.N., Disney, S.M., Gijsbrechts, J., Van Mieghem, J.A., 2021. Dual Sourcing and Smoothing Under Nonstationary Demand Time Series: Reshoring with SpeedFactories. Manag. Sci. https://doi.org/10.1287/mnsc.2020.3951
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Supply Chain Designer game instructions video File MP4
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Monday Materials: Inventory with MC case Folder
This session will be a bit different. We will be solving a (Q, R) inventory case in groups during the lecture.
The case description is MediHerb MC simulation case description. Excel file to work with during the session: Medical Company MC for AOM Student. You'll find files in this folder.
For materials on Monte Carlo simulation with Excel and inventory models, check the corresponding blocks in Analysis Toolbox.
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Case assignment: Supply Chain Manager - Skiwear game (3rd Feb)Case: Supply Chain Designer: Skiwear Sourcing game (Note you do not need to use your email or student number when playing the game)
Case answers are to be submitted via MyCourses as a memo in PDF format. You can answer each question individually or in one essay. In total, the memo should not be longer than three pages, including figures and potential appendices. Also return your Spreadsheet or code that you used for quantitative analysis to solve the case.
The financial and demand information is given in the game play screen for the decision maker. The demand can be assumed to be stochastic with known median and mean quantities.Instructions video for the game: https://mycourses.aalto.fi/mod/resource/view.php?id=823558
Questions:
1. Design a sourcing strategy for the Skiwear sourcing game. What is your target and what do you try to optimize? Give a general description of your strategy.
2. How much are your order quantities from offshore for the Fashion and Standard product? How much local capacity do you hold and how do you decide your local production quantities? Also, as part of your answer, give your results for the below questions:a. Report your order, capacity and expected local production quantitiesb. Report results from one round of the game (15 years/rounds) using your strategy
3. Explain your reasoning and describe the details of your analysis to find your solution for order quantities, local capacity, and production quantities.
4. Give some examples of risks, constraints or further complexities that are not covered by your numerical analysis and solution?
5. If these additional factors could be added to the analysis, how would you expect the “optimal” solution to change?
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Thursday Case and Lecture ZOOM-session Folder
Session will be held in ZOOM. See agenda below the Zoom link:
Join Zoom Meeting
https://aalto.zoom.us/j/69977187704?pwd=eGNXamhvQkZKemt3R3pOZXdRaEFBZz09
Meeting ID: 699 7718 7704
Passcode: 908252
Agenda:- 12:15-13:00 Skiwear Sourcing Game and Discussion
- We will first discuss your solutions in groups and determine a strategy to follow for the group
- Competitive game round
- Reflection and discussion
- 13:15-14:00 Visitor: Ravi Kanniganti, Target: Operations planning to IBP
- Ravi discusses his insights from practice on implementing and developing operations planning for global supply chains
Group work: Ski-wear sourcing game. Results will be reported through Miro board: https://miro.com/app/board/uXjVPD6wlEI=/?share_link_id=324044045863
Questions for in-class participation will be available in MyCourses feedback block during the session.
Lauri Saarinen is inviting you to a scheduled Zoom meeting.
Join Zoom Meeting
https://aalto.zoom.us/j/69977187704?pwd=eGNXamhvQkZKemt3R3pOZXdRaEFBZz09
Meeting ID: 699 7718 7704
Passcode: 908252
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Meeting ID: 699 7718 7704
- 12:15-13:00 Skiwear Sourcing Game and Discussion
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