Simulation Modeling takes the risk out of decision making by allowing businesses to model or simulate change before it is implemented. Just as a CFO will create a spreadsheet model or pro forma analysis, the Industrial Engineer can create a simulation model to understand the impact of changes on a process. Unlike a spreadsheet analysis which uses static data points, a simulation model can capture the variability of order arrivals times and volume, processing time, scrap rates, and resource downtime.
We have a twenty year history of using this technology and now utilize Simul8 software to enable businesses to make better decisions in applications such as:
Lean & Six Sigma – Organize the process more efficiently and demonstrate the changes.
Shared Services – Determine exactly what gains can be made by combining operations.
Activity Based Costing – Support strategic decisions by understanding product costs.
Cost Reductions – Identify reductions that can be made without decreasing performance.
Capacity Planning – Identify bottlenecks and determine maximum throughput levels.
Resource Requirements – Quantify impact of manpower plans and equipment utilization.