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A simulation based evaluation approach for supply chain risk management digitalization scenarios

 
: Schlüter, Florian; Hetterscheid, Endric

:

Institute of Electrical and Electronics Engineers -IEEE-; Institute of Electrical and Electronics Engineers -IEEE-, Seoul Section:
International Conference on Industrial Engineering, Management Science and Application, ICIMSA 2017 : 13-15 June 2017, Seoul, Korea
Piscataway, NJ: IEEE, 2017
ISBN: 978-1-5090-6336-9
ISBN: 978-1-5090-6335-2
pp.64-68
International Conference on Industrial Engineering, Management Science and Application (ICIMSA) <2017, Seoul>
English
Conference Paper
Fraunhofer IML ()
Supply Chain; supply chain risk management; Digitalization; simulation; industry 4.0

Abstract
Supply Chain wide proactive risk management based on real-time risk related information transparency is required to increase the security of modern, volatile supply chains. At this time, none or only limited empirical/objective information about digitalization benefits for supply chain risk management is available. A method is needed, which draws conclusion on the estimation of costs and benefits of digitalization initiatives. The paper presents a flexible simulation based approach for assessing digitalization scenarios prior to realization. The assessment approach is integrated into a framework and its applicability will be shown in a case study of a German steel producer, evaluating digitalization effects on the Mean Lead time-at-risk.

: http://publica.fraunhofer.de/documents/N-458724.html