Supply Chain Simulation

The importance of simulation for organizations originates from the inherent limitations of mathematical models to solve real life complex problems to optimality. Further, experimenting with actual system in real time may be costly as well as time consuming. To mitigate some of these challenges, several simulation models are created to analyze large and realistic problems which may incorporate uncertainty and dynamic changes. Contrary to popular management philosophies, organizations have nowadays realized the importance of supply chain performance for the overall growth and sustainability. Supply chain simulation models helps to tackle challenges related to strategic level decision making (location, layout and capacity problems, distribution chain analysis), tactical level decision making (sales and operations planning, demand management), and operational level decision making (inventory management, quality control, waiting time analysis, and replenishment policies). This unique program will focus on supply chain simulation models through state-of-the-art simulation softwares using real world case studies.

Course Objectives

The key objectives of this course are as follows:

  • To understand the fundamentals of different types of simulation models and their applications.
  • To analyze mathematical and simulation-based models through various decision-making tools.
  • To apply the principles and learnings from simulation to real life supply chain problems

Program Highlights

  • Supply chain network design and optimization
  • Transportation Optimization
  • Inventory Optimization
  • Supply Chain Demand Planning
  • Supply chain integration
  • Vehicle routing and queuing problems

For Whom

Senior / Middle-level Managers

Venue & Duration

The programme is scheduled during May 06-08, 2024 on a residential basis at MDI Gurgaon Campus, Mehrauli Road, Sukhrali, Gurugram. Accommodation for participants would be available at MDI Gurgaon Campus from the noon of May 05, 2024, to the forenoon of May 09, 2024.

Registration & Fees

Participants should be nominated by their organizations. The enclosed nomination form should be completed and returned with all the details. The fee of the program is Rs. 40,000/- (Rupees Forty Thousand only) per participant which includes a professional fee and all charges for boarding, lodging and supply of course materials during the programme. GST as applicable will be charged extra in addition to the programme fee. Payment should be made by Cheque/NEFT/RTGS.
 

Discount Policy

With a view to our long-term relationship with your esteemed organization, we are pleased to introduce the discount policy in this programme. The discount will be observed in the following conditions: (discount is applicable in NEPAL also)

  • 10% Discount against 3-5 nominations
  • 20% Discount against more than 5 nominations

Important Dates

The last date for receipt of nominations is April 24, 2024. The last date for withdrawal of nominations is April 26, 2024. Any withdrawal received after this date will be subject to deduction as per the Institute’s rules. However, substitution may be permitted.

For enquiry, please contact at [email protected] or +91-124-4560008.