About this paper

Appears in:
Pages: 6453-6460
Publication year: 2014
ISBN: 978-84-617-0557-3
ISSN: 2340-1117

Conference name: 6th International Conference on Education and New Learning Technologies
Dates: 7-9 July, 2014
Location: Barcelona, Spain

THE USE OF SIMULATIONS TO IMPROVE STUDENTS UNDERSTANDING OF THE CONNECTIONS BETWEEN FORECASTING AND STOCK CONTROL IN SUPPLY CHAIN MANAGEMENT

J.R. Trapero Arenas, F.J. Fernandez Morales

University Castilla-La Mancha (SPAIN)
Nowadays, supply chain management (SCM) is an area of paramount importance given the globalization process that companies are experiencing. Traditionally, SCM is an area that has been studied in numerous degrees ranging from management to engineering. Essentially, the topic was divided in two important parts. On the one hand, different forecasting algorithms and methodologies are introduced to the students. For instance, exponential smoothing techniques associated to time series analysis, as well as, regression methods referring to causal methods are typically taught. On the other hand, stock control and replenishment policies are also studied. For example, either popular lot sizing techniques as the Economic Order Quantity or the family of order up to policies occupy many chapters in most of the Operations Management manuals. Nonetheless, it should be noted that, meanwhile both areas (forecasting and stock control) are individually analyzed; there is a lack of literature that explains how to connect both concepts. Note that such a connection is crucial to understand the overall supply chain performance starting from the clients’ orders up to the products supply.

The aim of this work is to use simulation models coming from the related research literature to enhance the students understanding of how a supply chain works and so, how the forecasting algorithms and the stock control models are linked. In order to illustrate the approach, different SIMULINK/MATLAB models based on systems theory are presented.
@InProceedings{TRAPEROARENAS2014USE,
author = {Trapero Arenas, J.R. and Fernandez Morales, F.J.},
title = {THE USE OF SIMULATIONS TO IMPROVE STUDENTS UNDERSTANDING OF THE CONNECTIONS BETWEEN FORECASTING AND STOCK CONTROL IN SUPPLY CHAIN MANAGEMENT},
series = {6th International Conference on Education and New Learning Technologies},
booktitle = {EDULEARN14 Proceedings},
isbn = {978-84-617-0557-3},
issn = {2340-1117},
publisher = {IATED},
location = {Barcelona, Spain},
month = {7-9 July, 2014},
year = {2014},
pages = {6453-6460}}
TY - CONF
AU - J.R. Trapero Arenas AU - F.J. Fernandez Morales
TI - THE USE OF SIMULATIONS TO IMPROVE STUDENTS UNDERSTANDING OF THE CONNECTIONS BETWEEN FORECASTING AND STOCK CONTROL IN SUPPLY CHAIN MANAGEMENT
SN - 978-84-617-0557-3/2340-1117
PY - 2014
Y1 - 7-9 July, 2014
CI - Barcelona, Spain
JO - 6th International Conference on Education and New Learning Technologies
JA - EDULEARN14 Proceedings
SP - 6453
EP - 6460
ER -
J.R. Trapero Arenas, F.J. Fernandez Morales (2014) THE USE OF SIMULATIONS TO IMPROVE STUDENTS UNDERSTANDING OF THE CONNECTIONS BETWEEN FORECASTING AND STOCK CONTROL IN SUPPLY CHAIN MANAGEMENT, EDULEARN14 Proceedings, pp. 6453-6460.
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