Sim Chapter 7 Current Asset MX tent/354996/Home Chapter 14 Customer Relatx + Chapter 5: Supply Management Supply Chain Simulation Objective: Realize the ideal supplier may not always have the lowest price per unit. There are many factors that are involved in selecting an ideal supplier. Deliver 25,000 gizmos and keep your procurement costs under $1,000,000. Scenario: Aj Manufacturing just won their first large order of gizmos from Munson & Witt Inc. You are hired as a supply chain analyst to help AJ Manufacturing analyze and make supplier selection decisions for two critical components required for the Munson & Witt order. Your goal will be to maximize the profits of the order through minimizing the cost of procurement and ensuring that the order is delivered on time. Your goal is to deliver 25,000 gizmos and keep your procurement costs under $1m. Learning Objectives: Develop a better understanding of the many factors that are involved in the supplier selection decision. * Realize that an ideal supplier may not be consistent across different types of items. * Many operations management decisions are complex problems with numerous areas of uncertainty Pointers: Cost is reflected in the reliability and quality of supply and delivery. Keep in mind the maximum units per supplier per week and their lead times. Have a few suppliers on the go, especially early so you can react to issues that arise. Remember, you have 3 tries to attain your budget. Marks will be based on your highest attempt. Here is your grading scale. Grading Rubric Metric # Quality Metric # Quality Grade % Budget- Grade % Value Budget - Goal Value Goal $1,000,000 or less 75 $1,010,000 97.5 $1,001,000 72.5 $1,011,000 95 $1,002,000 70 $1,012,000 $1002 on 100 075 675 1012.00 909 AM