Optimizing Manufacturing Capacity Using Digital Twin Technology Post COVID-19

A recent survey from the National Association of Manufacturing has highlighted the impact of pandemics on manufacturing chain and manufacturing operations across the world. According to the survey, 80% of manufacturers are expecting the ongoing pandemic and the corresponding lockdown to have a financial impact on their businesses. 53% expect COVID-19 to directly impact their …

Best Answers to Commonly Asked Risk Analysis Questions

Many managers don’t understand what exactly risk analysis is.  We put together some of the most common questions with responses for you. What does the risk percentage mean? The risk percentage approximates the on-time probability for an order with appropriate consideration of the number of replications or “experiments.”  It tells the user how confident they …

Effective Factory Scheduling with a Simio Digital Twin

Introduction In today’s world, companies compete not only on price and quality, but on their ability to reliably deliver product on time.   A good production schedule, therefore, influences a company’s throughput, sales and customer satisfaction.  Although companies have invested millions in information technology for Enterprise Resource Planning (ERP) and Manufacturing Execution Systems (MES), the investment …

Integrating Digital Transformation to Enhance Overall Equipment and Facility Efficiency

The digital transformation of traditional business process and the assets that run them have become one of the raves of the moment. A Forbes-backed research highlights just how popular the topic of digital transformation and the tools needed to accomplish it has become. Statistics like the fact that 55% of business intended to adopt digitization …