Homework: Simulation
A. Access the Pearson MyOMLab. Carefully review the simulation's introductory information and instructions, as well as the information in the OM Simulation Descriptions and Implementation Tips, linked below. After completing the simulation, capture a screen image of your simulation results, which are to be included in your Critical Thinking Homework.
B. The Operations Inventory Management homework content must include the following:
1. Introduction: Explain the purpose or thesis of the paper and explain how the body of the paper is arranged to support the purpose of the paper.
2. Provide a brief definition of inventory management and identify why it is important in an organization's operations.
3. Provide a brief overview description of the Inventory Management Simulation including the targeted goals of the simulation.
4. Describe specifics about the model or approach used as the basis for your strategy in performing the Inventory Management Simulation; in an appendix, include an illustrated (worked-out) example of a formula, calculation, or technique developed as a central part of your Inventory Management Simulation strategy.
5. Describe at least three operations inventory management methods, principles, or techniques experienced in the Inventory Management Simulation.
6. Clearly describe your simulation results and indicate how well they met the targeted simulation goals.
7. Itemize at least three lessons learned from the Inventory Management Simulation and describe how this understanding is important for a career in operations management.
8. Conclusion should present a recap of key points and summary of main emphasis without repeating verbatim and exclusive of new information.
9. References should include at least two current scholarly references (published within the past five years) in addition to the course text.
10. Appendices:
a. Illustrated (worked-out) Inventory Management example.
b. Inventory Management Simulation results including the rubric evaluation metrics (i.e. Profit).
YouTube Video: "Pearson Inventory Management Simulation Guide 100% Realtime Playthrough #Amulet #Pearson #Simulation"
Format your homework according to the give formatting requirements:
1. The answer must be double spaced, typed, using Times New Roman font (size 12), with one-inch margins on all sides.
2. The response also includes a cover page containing the title of the homework, the course title, the student's name, and the date. The cover page is not included in the required page length.
3. Also include a reference page. The references and Citations should follow APA format. The reference page is not included in the required page length.