Capsim logistics review

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Capsim logistics

Registration

• You will need an email address and the following SimID or “C number” in order to register for your industry and team.

09:30 a.m. class: C32244 & C32245

11:00 a.m. class: C32247 & C32248

• Your “registration number” is NOT the SimID; you will not have a registration number until AFTER you register with CAPSIM and pay the fee.

• Each student should have his/her own CAPSIM registration and email address. If you make a mistake while registering for CAPSIM and can’t correct it yourself, then simply email or call CAPSIM at 888-472-7554 for help.

• I have assigned students to two industries based on the first letter of your last name but you can trade with your classmates with my help. Each industry will have 3 or 4 members.

Participation

• Participation consists of running a company in the electronic sensor industry. There are three rounds

– The first round (rehearsal) is individual. You must have completed 8 individual rehearsal rounds (see course calendar)

– The second round (practice) is in teams.

– The last round (competition) is also in teams.

• You will find that all of the normal financial/accounting data and other information a real firm would have will be available to you for your CAPSIM company as it progresses through both the practice rounds and then after I restart the game, the 8 years of real operation.

Teams

• Each team will have 3 members.

• Teams will be identified by their CAPSIM company name: Andrews, Baldwin, Chester, Digby, or Erie. There is one more team Ferris which will be a computer.

Performance (1)

• Your performance in rehearsal and practice rounds is graded as pass or fail. You need to achieve a certain threshold. You will receive a letter grade for your performance in the competition rounds.

• How well your company performs is simply a matter of

– How much research and effort each of your team members puts into the CAPSIM exercise,

– how well your organization of your team can bring all your team members’ collective experience and knowledge to bear on running your CAPSIM firm, and

– how effectively you can implement the strategy your team formulates.

Performance (2)

• The Balance scorecard measure feature will be used to assign a grade between 0 and 100 to each team’s performance relative to other teams in the class. (The system gives you a total of

1000 points but through “my magic” I will translate it into 100.)

• Different rounds are graded differently in

CAPSIM:

– Round 1: 82, points

– Rounds 2 and 3, 89 points

– Rounds 4 and beyond, 100 points

– Recap 240.

Balance scorecard

• It was introduced in 1992. It is a strategic assessment tool that can accurately portray a business unit's strategic progress. The Balanced

Scorecard asks managers to consider their business from four perspectives:

• The Customer

• Internal Business

• Innovation & Learning

• Financial

Review quiz

• What is a sensor?

• Who buys sensors?

• Do I need a credit card to register in

CAPSIM?

• What is a CAPSIM round?

• How many rounds will we play?

• What is the balance scorecard?

• What industry should I register for?

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