Supply Chain Simulation
Supply Chain Simulation is a modeling technique that uses computer-based tools to replicate the behavior and dynamics of a supply chain system over time. It allows analysts and developers to test scenarios, optimize processes, and predict outcomes by simulating variables like demand, inventory, logistics, and disruptions. This approach helps in decision-making and risk management without real-world implementation.
Developers should learn Supply Chain Simulation when working in logistics, manufacturing, or retail industries to design resilient and efficient supply chains. It is crucial for optimizing inventory levels, reducing costs, and mitigating risks from events like supplier delays or demand spikes. Use cases include scenario analysis for new product launches, disaster recovery planning, and improving delivery performance in e-commerce.