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Simulation Of Supply-Chain Networks: A Source Of Innovation And Competitive Advantage For Small And Medium-Sized Enterprises.pdf

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Preview of Simulation of Supply-Chain Networks: A Source of Innovation and Competitive Advantage for Small and Medium-Sized Enterprises
🔗 Source: timreview.ca
📊 Size: 506 KB
📄 Pages: 8 pages
⬇️ Downloads: 154

Summary

Simulation is a method for tackling problems by constructing a model of the related system, and it is widely used in large enterprises and research institutions. However, small and medium-sized enterprises (SMEs) seem to underestimate its advantages. The article emphasizes the relevance of simulation in supply-chain network design and management, and its potential as a source of competitive advantage and predictive power for SMEs. Simulation provides a cost-effective decision-making tool, allowing managers to minimize risks and discover the right decisions before making wrong ones. It can be used to predict the impact of decisions, manage uncertainty, and improve supply-chain configuration, capacity planning, and business process improvements. Despite its benefits, SMEs seem to underestimate the value of simulation tools, which can be used to gain competitive advantages in networked logistics-production systems and internal processes.

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Description

Simulation is a method for tackling problems by constructing a model of the related system, and it is widely used in large enterprises and research...

Technical Information

  • File Format: PDF
  • File Size: 506 KB
  • Pages: 8
  • Language: EN
  • Total Downloads: 154
  • Last Updated: 10 hours ago

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This PDF document about Simulation of Supply-Chain Networks: A Source of Innovation and Competitive Advantage for Small and Medium-Sized Enterprises provides comprehensive information and guidance. Whether you're a beginner or advanced user, this resource offers valuable insights into Simulation of Supply-Chain Networks: A Source of Innovation and Competitive Advantage for Small and Medium-Sized Enterprises.

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