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The Future of the Supply Chain Is in Good Hands

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Jacob
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Supply Network Guru
Re: Internship and projects
Jacob   12/10/2012 5:11:56 AM
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Gerry, you mean something like case studies. Obliviously such case studies will help to analyze their strategically positions and managed decisions based on real time scenario.

Ariella
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Supply Network Guru
Re: Internship and projects
Ariella   12/6/2012 8:50:13 AM
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@Gerry thanks for the explanation. Very interesting, a grownup version of Lemonade Stand, with more complicating factors built in. 

Gerry Fay
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Re: Internship and projects
Gerry Fay   12/6/2012 2:12:14 AM
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All,

In our game, the students manage a hypothetical company and make decisions about inventory levels, bid on orders, manage capacity, monitor customer demand, schedule production and cash flow. Each decision affects their cash position. The four-hour game simulates 730 days of business activity and is very fast moving. The team with the most cash on hand is the winner.

There is no pre conceived right answers and all decisions are tradeoffs...just like we face in the supply chain each day.

Gerry

 

Jacob
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Supply Network Guru
Re: Optimization
Jacob   12/6/2012 2:07:21 AM
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Ariella, you are right. Now in some of the universities, they had either changed or introduced some new papers with industrial real problem case studies. Its studentís responsibility to find solutions for such case studies and this will help them to face real world issues.

Jacob
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Supply Network Guru
Internship and projects
Jacob   12/6/2012 2:04:00 AM
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Gerry, picking the right one and train them from the root level is the best way. That's the reason most of the companies are walking through university campus by offering different internship programs and projects. This will help the students to groom themselves to the competitive environment with a professionalism.

Ariella
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Supply Network Guru
Re: Optimization
Ariella   12/5/2012 8:27:24 PM
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@Barbara Exactly, that's the premise behind the contest hosted by Kaggle -- opening up a problem to new minds that can bring in fresh approaches. 

Barbara Jorgensen
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Re: Optimization
Barbara Jorgensen   12/5/2012 5:54:58 PM
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Absolutely! You get tunnel vision when you work in an industry; fresh eyes are always a help

Ariella
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Supply Network Guru
Re: Optimization
Ariella   12/5/2012 2:34:24 PM
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@Barbara I'd think it would be much more exciting and meaningful for the students to create their own solution rather than find "the right one." 

Barbara Jorgensen
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Optimization
Barbara Jorgensen   12/5/2012 10:00:04 AM
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Gerry--were there any "out of the box" breakthroughs during the competition? Or was there already a solution and students had to find it?



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