Agile manufacturing: forging new frontiers
Agile manufacturing: forging new frontiers
Simulation with Arena
Simulation in the supply chain context: a survey
Computers in Industry
Supply Chain Inventory Management and the Value of Shared Information
Management Science
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Enterprises require to embrace multiple initiatives simultaneously for sustainable Supply Chain (SC) agility. Analysis of complex systems like the industrial SC is difficult because of complexity and mathematical intractability and simulation is one of the available option for study. We present a building block approach for the development of a multi-echelon, multi-product SC simulation platform with generic supply chain parameters with the help of application tool ARENA® It is capable to model strategic issues like postponement, product modularity, cooperation, etc. Simulation studies indicate that while postponement improves SC responsiveness, it increases the stock-out period. When postponement is augmented by cooperative mechanism through demand pooling, results show that increase in the level of cooperation offers appreciable reduction in stock-out period, even as it follows the law of diminishing return. The results emphasize that trade-off on contradictory performance measures by individual SC initiatives can be mitigated by simultaneous application of multiple initiatives.