inventory management simulation
Inventory Management You are the store manager at a local branch of DigiLife, a large electronics retail chain. A new version of a popular consumer electronics device called the Amulet is coming out this year. It is your job to sell as many Amulets as you can while minimizing your costs in order to maximize your store's profits. Your Goal Earn $1,000,000 in net profits of Amulet sales. Place An Order for Amulet 1.0 You can place a maximum order of 4,000 units in multiples of 50. The larger your order, the higher your holding costs. However, smaller orders mean more frequent re-ordering costs. -Order Size 50 Units Cost Per Unit: $95 Purchase Cost: $4,750 Shipping Fee: Normal shipping(5 days) - $6,000 Total Cost: $10,750 PLACE ORDER & START SIMULATION CLOSE INVENTORY MANAGEMENT SIMULATION anda - 52 weeks Remaining THIS MONTH Revenue Costs THIS QUARTER YEAR-TO-DATE 12.500 12.000 7,500 Cost/Revenue ($) 5,000 2,500 1 2 3 4 5 6 7 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 Day of Month Inventory Units left: 10 Demand: 40 15 10 Units 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 Day of Month Total Units Sold Total Revenue Total Costs 40 $8,000 $10,763 Total Profits for Year Boss Satisfac Hmmmm S2,763 50 of $1,000,000 Goal CLOSE You can place a maximum order of 4,000 units in multiples of 50. The larger your order, the higher your holding costs. However, smaller orders mean more frequent re-ordering costs. -Order Size 50 Units Cost Per Unit: $95 Purchase Cost: $4,750 Shipping Fee: Normal shipping(5 days) - $6,000 Expedite shipping(1 day) - $8.000 Total Cost: $10,750 PLACE ORDER CLOSE Inventory Management You are the store manager at a local branch of DigiLife, a large electronics retail chain. A new version of a popular consumer electronics device called the Amulet is coming out this year. It is your job to sell as many Amulets as you can while minimizing your costs in order to maximize your store's profits. Your Goal Earn $1,000,000 in net profits of Amulet sales. Place An Order for Amulet 1.0 You can place a maximum order of 4,000 units in multiples of 50. The larger your order, the higher your holding costs. However, smaller orders mean more frequent re-ordering costs. -Order Size 50 Units Cost Per Unit: $95 Purchase Cost: $4,750 Shipping Fee: Normal shipping(5 days) - $6,000 Total Cost: $10,750 PLACE ORDER & START SIMULATION CLOSE INVENTORY MANAGEMENT SIMULATION anda - 52 weeks Remaining THIS MONTH Revenue Costs THIS QUARTER YEAR-TO-DATE 12.500 12.000 7,500 Cost/Revenue ($) 5,000 2,500 1 2 3 4 5 6 7 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 Day of Month Inventory Units left: 10 Demand: 40 15 10 Units 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 Day of Month Total Units Sold Total Revenue Total Costs 40 $8,000 $10,763 Total Profits for Year Boss Satisfac Hmmmm S2,763 50 of $1,000,000 Goal CLOSE You can place a maximum order of 4,000 units in multiples of 50. The larger your order, the higher your holding costs. However, smaller orders mean more frequent re-ordering costs. -Order Size 50 Units Cost Per Unit: $95 Purchase Cost: $4,750 Shipping Fee: Normal shipping(5 days) - $6,000 Expedite shipping(1 day) - $8.000 Total Cost: $10,750 PLACE ORDER CLOSE
