Article
Industrial dynamics modelling of supply chains
The use of industrial dynamics modelling of real-life supply chains has only recently re-emerged from the shadows after a lengthy gestation period. Shows that it is a powerful methodology for predicting and prioritizing methods of re-engineering the chain in order to achieve enhanced performance when viewed from the perspective of all “players” in the chain. Building an adequate model of an existing, or proposed, real-life supply chain requires the use of people-based sources, observation-based sources, and systems-knowledge-based sources. Illustrates each of these approaches. Concludes by predicting the benefits expected from substantial re-engineering of an electronics products supply chain.
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