ABOUT
EXPLORING
SYSTEMS
THINKING IN
SUPPLY CHAIN
AND FAILURE
MODES
Supply chains manage operational flows and logistics, which are crucial to maintaining efficiency, reducing costs, and ultimately enhancing customer value. This hands-on workshop will expand your understanding of complex supply chains using Beer Game on Steroids (BGOS) through a simulation tool, allowing you to explore and model real-world supply chains far beyond the simplicity of the classic beer game developed by Jay Forrester at MIT Sloan School of Management in the 1960s.
The beer game is widely used to demonstrate fundamental concepts such as feedback loops, delays, complexity, and unintended consequences within supply chains observed in failure modes, such as the tendency to respond rapidly to temporary or random demand variations.
Participants will be provided the BGOS simulation software at no cost.
EVENT FEATURES
Interactive Workshop
Following a short presentation about the Beer Game on Steroids, participants will work virtually on the simulation with guidance from the lead presenter and facilitator, MIT alum J. Chris White. Other facilitators will be present to support you along the way.
Participants will download and use the robust BGOS software and comprehensive resources to build and simulate intricate supply chains with numerous interconnected entities. The tool leverages flexible, agent-based simulations where each agent utilizes dynamic System Dynamics (SD) models, facilitating detailed analysis of real-world examples like global logistics networks, retail distribution systems, and manufacturing supply chains.
Learning Objective
Feedback loops are central to dynamic systems, and the simulator provides a unique chance to observe how real-world business tools integrate System Dynamics. Test your supply chain’s resilience and recovery capabilities through sophisticated modeling. Engaging with these feedback loops allows participants to gain a nuanced understanding of the systemic nature of the supply chain, promoting a mindset that anticipates and strategically manages the ripple effects of their actions.
SUPPORTERS
THE VENUE
This is an online event.