Supply Chain Modelling of Daily Consumed Cereal Grain in Bangladesh

Authors

  • Ankon Dey
  • Jawata Afnan
  • Naymul Hasan Nayem
  • Arindam Dey
  • Fariha Tanha Tonu

Abstract

Supply Chain of Rice, Wheat, Corn as in Cereal Grains in Bangladesh are in focus for considerations of food security and climate change impacts. The presence of price volatility, characterized by rapid and unpredictable price fluctuations, further compounds the challenges faced by Bangladesh's supply chain for these commodities. This volatility can stem from a complex interplay of factors, including changes in global demand patterns, geopolitical events, weather-related disruptions, and speculative trading activities. Such fluctuations introduce uncertainty into market dynamics, rendering both producers and consumers vulnerable to adverse economic consequences. This research paper introduces a system dynamics model that focuses on the supply chain of cereal grain products, including rice, wheat, corn and others. The aim is to analyze and manage various scenarios related to supply chain management, extending from farmers to consumers. The goal is to devise effective and sustainable strategies for ensuring the accessibility of these commodities to consumers in Bangladesh. This involves designing policies that optimize supply chain efficiency while considering economic factors and uncertainties. In this paper we analyze how changes in productivity occur during seasonal production, what changes the lead time, and how changes in the variations in demand affect the performance of the supply chain. Drying these crops at the start and maintaining year-round operation of processing facilities can also help stabilize inventory and the overall supply chain for these products. This approach can enhance efficiency and reduce supply chain disruptions for various essential crops. Also, less total supply chain cost from economic operation results in less fuel consumption and hence less contribution to global warming. The model can pinpoint and analyze the most important parts of the supply chain. This helps in building a network that is both efficient and sustainable.

Published

2023-10-22

How to Cite

Ankon Dey, Jawata Afnan, Naymul Hasan Nayem, Arindam Dey, & Fariha Tanha Tonu. (2023). Supply Chain Modelling of Daily Consumed Cereal Grain in Bangladesh. Supply Chain Insider | ISSN: 2617-7420 (Print), 2617-7420 (Online), 11(1). Retrieved from https://supplychaininsider.org/ojs/index.php/home/article/view/89