Mobile Phone Simulation
Mobile Phone Simulation
Pennsylvania State University
Team C:
Supply Chain Management 301
Professor Jang
05 December 2012
Abstract
A simulation of two lines of mobile phones, that takes us from design to production and then to yearend sales result. It examines how different design, forecast and production affects yearend sales result. Then a board room will provide feedbacks on the result of the sales and productions, and what we should watch out for in the future. The simulation shows, how a business cycle for the two lines of mobile phones work and how it would react in various environments and market conditions. It examines how market reaction would affect sales and how to proceed when market environment is unstable. The simulation will run various scenarios to test the entrepreneur, and how the entrepreneur reacts to the simulation will show how well we did at the yearend board room meeting.
Table of Contents
Introduction ………………………………………………………………. . 4
Design ………………………………………………………………………. 5
Forecasting ………….…………………………………………………….... 6
Production ………………………………………………………………….. 7
Board of Director’s Feedback …………………………………………….. 8
Recommendation …………………………………………………………... 9
Conclusions …………………………………………………………………. 10
Introduction
As advancement in technology becomes more and more rapid in development that many technological electronic devices will becomes obsolete before it is sold. As the average lifecycle of the many new products in the world today becomes shorter and shorter. This is the leading cause of obsolete inventory for manufacturers and retailers, where their inventory will not sell without being mark down. The other problem is that popular products will sell as soon as they hit the shelves and cause a stock out.
As retailers learned to become leaner and work with manufacturers so they can continuously replenish stock when needed. That way it will help reduce the risk for both manufacturers and retailers. The people managing
Pennsylvania State University
Team C:
Supply Chain Management 301
Professor Jang
05 December 2012
Abstract
A simulation of two lines of mobile phones, that takes us from design to production and then to yearend sales result. It examines how different design, forecast and production affects yearend sales result. Then a board room will provide feedbacks on the result of the sales and productions, and what we should watch out for in the future. The simulation shows, how a business cycle for the two lines of mobile phones work and how it would react in various environments and market conditions. It examines how market reaction would affect sales and how to proceed when market environment is unstable. The simulation will run various scenarios to test the entrepreneur, and how the entrepreneur reacts to the simulation will show how well we did at the yearend board room meeting.
Table of Contents
Introduction ………………………………………………………………. . 4
Design ………………………………………………………………………. 5
Forecasting ………….…………………………………………………….... 6
Production ………………………………………………………………….. 7
Board of Director’s Feedback …………………………………………….. 8
Recommendation …………………………………………………………... 9
Conclusions …………………………………………………………………. 10
Introduction
As advancement in technology becomes more and more rapid in development that many technological electronic devices will becomes obsolete before it is sold. As the average lifecycle of the many new products in the world today becomes shorter and shorter. This is the leading cause of obsolete inventory for manufacturers and retailers, where their inventory will not sell without being mark down. The other problem is that popular products will sell as soon as they hit the shelves and cause a stock out.
As retailers learned to become leaner and work with manufacturers so they can continuously replenish stock when needed. That way it will help reduce the risk for both manufacturers and retailers. The people managing