SUPPLY CHAIN MODELING USING SIMULATION
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In today’s global market, managing the entire supply chain becomes a key factor for the successful business. World-class organizations now realize that non-integrated manufacturing processes, non-integrated distribution processes and poor relationships with suppliers and customers are inadequate for their success. They realize the impact of an organization’s plan on the other areas of the supply chain. The impact of an organization’s plan on the whole supply chain is unpredictable before its execution. Simulation permits the evaluation of operating performance prior to the execution of a plan. In the practical application of this concept, the development of the simulation model for the supply chain management has become a necessity. This paper discusses the issues of supply chain management and the requirements for supply chain simulation modeling.
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