Inventory Basics

Operations Management

Simulation Overview

Manage a hardware store’s inventory across 12 simulated weeks, balancing costs and demand in this interactive simulation with three configurable scenarios and an integrated assessment quiz.

Players

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Single Player


Languages

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English


Simulation Time

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Total Time: 2 hours

Intro 5 minutes, Gameplay 30 minutes, Debrief 1 hour


Accessibility

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No Accessibility Compliance


Price

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$165 per person

The Story

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In this inventory management simulation, learners operate a small hardware store and manage inventory for up to three products over 12 simulated weeks. The exercise explores key inventory management concepts related to replenishment, as participants decide weekly order quantities based on holding, stockout, and ordering costs, along with variable demand. The simulation features three configurable scenarios and an integrated assessment quiz.

Core Competencies

Operational Efficiency

Accounting and Budgeting

Analysis and Business Acumen

Data-Driven Insights

Learning Objectives

Manage inventory levels and replenishment decisions in the face of different demand patterns, holding costs, stockout costs, and ordering costs
Develop an intuitive strategy for balancing holding costs against ordering costs while avoiding a stockout
Understand the Economic Order Quantity (EOQ) and its role in basic inventory management

Resources to Power Your Simulation

Each simulation comes with a Teaching Guidebook for the facilitator along with 1:1 facilitator training and free trials.

Available with this simulation

Facilitation Guide

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Free Trial & Demo

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