Delivery operations can make up 70% of total supply chain costs. A major Coca-Cola bottler saved $12.8 million in annual operating costs by using advanced modeling techniques. This showed how simulation optimization can tackle such challenges...
Read MoreManufacturing operations have undergone substantial evolution through the adoption of intelligent digital technologies. Digital twin manufacturing represents a critical advancement for over 60% of manufacturing companies that have started smart technology initiatives, according to a 2023 survey from tech...
Read MoreTraditional MRP systems were designed in the 1960s when product variation was very low with large batch runs and relatively short and stable supply chains. With the emergence of the VUCA (Volatile, Uncertain, Complex and...
Read MorePicture this: It’s game day. 68,400 excited fans converge on a stadium, all needing to enter, find their seats, purchase food and beverages, and enjoy the event—all within a compressed timeframe. Behind the scenes, a...
Read MoreIn today’s rapidly evolving business landscape, organizations face unprecedented complexity that shatters the boundaries of conventional analytical frameworks. The static, two-dimensional nature of traditional business process modeling—with its rigid diagrams and lifeless documentation—represents merely a...
Read MoreIn today's fast-evolving technological landscape, digital twins and discrete-event simulation (DES) are reshaping how industries design, monitor, and optimize complex systems. Digital twins, virtual replicas of physical systems, are created and continuously updated using simulation...
Read MoreDigital twin software continues to reshape industries with market projections reaching $125.7 billion by 2030 at a CAGR of 39.48%. Large enterprises have embraced this technology, and 70% of C-suite technology executives actively invest in digital...
Read MoreThe manufacturing industry is undergoing a profound change as we step further into the era of Industry 4.0 and digital transformation. Among the cutting-edge innovations supporting this shift are digital twins—data-driven virtual replicas of physical...
Read MoreThe global market for digital twin technology is expected to by grow 60% annually and reach $73.5 billion by 2027, according to McKinsey. Nearly 70% of C-suite technology executives at large enterprises are learning about this technology,...
Read MoreThe rapid evolution of digital technologies has dramatically transformed manufacturing and operational landscapes with the advent of Industry 4.0. This new paradigm integrates cyber-physical systems, IoT, and advanced analytics into everyday production, revolutionizing how industries...
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 MoreThe application of AI has expanded beyond research environments into the real world. Simulation modeling facilitates this expansion by providing supportive environments to leverage the promises of AI. The combination of AI and simulation provide...
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