assignment 1_individual reflection_intro manufacturing

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Assignment 1 – Intro Manufacturing Game Reflection Name: Anindya Das Team letter: B What was your role (job) during the simulation? How did your team segregate responsibility? I was looking after converting the scheduled manufacturing indents to confirmed orders based on the inventory and market conditions for all the five products and also raising the request to Manoj for new MRP runs when the raw materials were getting depleted. Where did your team place in relation to your peers? We were placed 3 rd among our peers. Did your team make a profit? What was your net income/loss? Yes, we made a profit. The net income was 1,308,941.05. What was the greatest obstacle faced by your team (outside of technical difficulties)? Were you able to overcome it? Please elaborate. Our main issue was handling the inventory with respect to the market movement. It was difficult to get solid forecasts and hence our reaction to the market always had a lag. This lag led to a build up of inventory and sometimes of the wrong one. This lopsided inventory load pushed us to consume the wrong raw materials and order for more. What was your strategy during the simulation (ie. pricing, marketing, inventory management, etc.)? Pricing, marketing and inventory management was reactive and always had a lag. Rather we should have had a focus on a product or on a market. What modifications to your business strategy will you employ during the next versions of the game? Explain: 1. Focus on a particular market or product 2. Use this round’s data to forecast better for the next round What concepts would you like to understand more prior to engaging in the extended/advanced versions of the game?

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Page 1: Assignment 1_Individual Reflection_Intro Manufacturing

Assignment 1 – Intro Manufacturing Game Reflection

Name: Anindya Das

Team letter: B

What was your role (job) during the simulation? How did your team segregate responsibility?

I was looking after converting the scheduled manufacturing indents to confirmed orders based on the inventory and market conditions for all the five products and also raising the request to Manoj for new MRP runs when the raw materials were getting depleted.

Where did your team place in relation to your peers?

We were placed 3rd among our peers.

Did your team make a profit? What was your net income/loss?

Yes, we made a profit. The net income was 1,308,941.05.

What was the greatest obstacle faced by your team (outside of technical difficulties)? Were you able to overcome it? Please elaborate.

Our main issue was handling the inventory with respect to the market movement. It was difficult to get solid forecasts and hence our reaction to the market always had a lag. This lag led to a build up of inventory and sometimes of the wrong one. This lopsided inventory load pushed us to consume the wrong raw materials and order for more.

What was your strategy during the simulation (ie. pricing, marketing, inventory management, etc.)?

Pricing, marketing and inventory management was reactive and always had a lag. Rather we should have had a focus on a product or on a market.

What modifications to your business strategy will you employ during the next versions of the game? Explain:

1. Focus on a particular market or product2. Use this round’s data to forecast better for the next round

What concepts would you like to understand more prior to engaging in the extended/advanced versions of the game?

The process of MRP runs and forecasting process.