Supply Chain Management: The Beer Game
Prof. Larry Navarre (Business) presented “Supply Chain Management: The Beer Game” during the Provost’s Distinguished Faculty Speaker Series. Event hosted by the Provost & CETL. The Beer Game shows the importance of collaboration in the supply chain. The Beer Game was created by MIT Professors in the 1960s. There is a great deal of correlation between the Beer Game and the bullwhip effect. If you want to get a better understanding of inventory these two supply chain concepts are definitely worth researching.
Inventory Management Training.
- Calculating Safety Stock: Protecting Against Stock Outs.
- How Amazon Receives Your Inventory.
- Introduction to Lean Manufacturing.
- Introduction to Theory of Constraints – Supply Chain Concept.
- Supply Chain Management: The Beer Game.
- Supply Chain Master: Professor Hau Lee on the bullwhip effect.
- The Beer Game – Supply Chain Management.
- The Goal by Eliyahu M. Goldratt – A Book Review.
- Understanding and Optimizing Inventory in Supply Chains.
- Vendor Managed Inventory (VMI): Three Keys to Success.
- Why Lean Fails.
- “They’re measurements which express the goal of making money perfectly well, but which also permit you to develop operational rules for running your plant,” he says. “There are three of them. Their names are throughput, inventory and operational expense.” ~ Eliyahu M. Goldratt
- “You won’t find it difficult to prove that battles, campaigns, and even wars have been won or lost primarily because of logistics.” ~ General Dwight. D. Eisenhower.
- “You gain strength, courage, and confidence by every experience in which you really stop to look fear in the face. You must do the thing which you think you cannot do.” ~ Eleanor Roosevelt
- “There’s no good idea that cannot be improved on.” ~ Michael Eisner
- “Make inventory a common enemy for your company.” ~ Dave Waters
- “Never tell people how to do things. Tell them what to do and they will surprise you with their ingenuity.” ~ General George Patton
- “Inaction breeds doubt and fear. Action breeds confidence and courage. If you want to conquer fear, do not sit home and think about it. Go out and get busy.” ~ Dale Carnegie
- “Ideas are like rabbits. You get a couple and learn how to handle them, and pretty soon you have a dozen.” ~ John Steinbeck
- “We do not remember days, we remember moments.” ~ Cesare Pavese