Using Simulation to Compete beyond the Four Walls

It has been said in this world of virtual corporations that it is no longer companies that compete, but supply chains. When you look at the model of a corporation today, the traditional vertically integrated business seems to be a thing of the past. A prime example of this is Nike. They own no factories, trucks, or stores, yet are one of the world's most successful retail firm. Today's supply chains reflect this trend in that few firms control the entire supply chain from end to end. Most companies rely on a mix of suppliers, transportation resources, assemblers, warehousing firms, and retail outlets to bring their product to the market. As a result of this mix of outside firms, it is often difficult to know the impact of changes or poor performance on the supply chain. What is needed is a tool that can give visibility of the entire supply chain that allows for the testing of numerous "what if" scenarios such as outsourcing, consolidating vendors, collaborative planning, or implementing e-business. Only with this capability will you and all of your supply chain partners be able to effectively compete against your competitors’ supply chains.