Applications of simulation in supply chain management: Inventory, transportation and system dynamics
Industrial simulation is a powerful tool employed across various sectors to model and replicate real-world manufacturing processes, systems, or operations within a virtual environment. By mimicking the intricacies of production lines, supply chains, or logistical workflows, industrial simulations enable organizations to optimize their processes, improve decision-making, and enhance overall efficiency. These simulations incorporate factors like machinery behavior, resource allocation, and demand fluctuations, allowing businesses to test different scenarios, identify bottlenecks, and fine-tune their operations without the risks and costs associated with real-world experimentation.
Course leads Paulo Sousa Jr. and Miguel Rodriguez Garcia will host Yashar Ahmadov, a Simulation Data Scientist at Amazon, and introduce you to the Agent-Based Simulations, their strengths and applications in inventory management, transportation management and system dynamics. This event will feature a live Q&A session, so bring your questions about simulations in SCM, the MicroMasters Program, and anything in between!