Manufacturing is undergoing a rapid transformation, driven by advancements in technology like IoT and AI. By 2026, 70% of manufacturers are expected to adopt IoT solutions, while AI-powered production scheduling software is already cutting planning costs by...
Read MoreSimulation technology has evolved dramatically over the years, becoming an indispensable tool for modern industries seeking to optimize workflows, reduce costs, and improve decision-making. With advancements in technology and increased demand for innovative solutions, the...
Read MoreSimulation-based optimization (SBO) is emerging as the next-generation approach to transforming decision-making processes across industries, empowering businesses to model complex systems, test solutions, and find better paths in an increasingly challenging landscape. By creating virtual...
Read MoreIn a manufacturing centric supply chain factory sourcing is a critical decision that drives throughput and on-time delivery. If more than one site is available to produce a product, it is important to balance the load...
Read MoreIn 2024, digital twin technology and discrete event simulation continue to solidify their roles as critical tools driving innovation, efficiency, and optimization across industries. Digital twins provide real-time, dynamic representations of physical assets, systems, and processes, while discrete event...
Read MoreThe introduction of lean manufacturing models, Six Sigma, Heijunka, and digital transformation initiatives all have one thing in common - reducing operational costs to maximize productivity. To successfully implement these cost-reducing models requires the use...
Read MoreDisruptive change need not come at the expense of conventional or existing operational models. An excellent example that highlights the above statement is the widespread adoption of digitization in the manufacturing industry. Replacing paper and...
Read MoreThe future of work is automating repetitive, time-consuming tasks or activities. Digital transformation solutions and artificial intelligence (AI) provide a pathway to intelligently automating workflows and driving autonomous decision making. The Digital Twin is a...
Read MoreEvery year since the beginning of the new decade can be defined by the buzzwords that dominated its era. 2020 was defined by phrases such as the: ‘value chain, digital transformation, and IoT’. By 2021,...
Read MoreBeating the competition requires the ability to continuously evolve business processes to deal with disruption. Today, the manufacturing industry experiences a high level of disruption and competition across the globe continues to increase at an...
Read MoreRealizing the dreams of a fully automated factory floor starts with utilizing the structured and unstructured data captured from manufacturing processes. Once captured, data-producing sources and assets on the shop floor must be capable of...
Read MoreThe introduction of Industry 4.0 in 2011 and the digital transformation that enables it led to an influx of new technologies to optimize traditional processes in the manufacturing industry. Artificial intelligence, which was predominantly utilized...
Read More