Use Cases Manufacturing Process Simulation
Manufacturing Process Simulation
What is the business value of this IoT use case and how is it measured?
The need for efficiency in the manufacturing industry has never been greater, with material, transportation and labor costs continuing to rise each year. Successful companies need to ensure that the costs associated with time, equipment and other investments are being considered and optimized. At its core, manufacturing simulation is an inexpensive, risk-free way to test anything from simple revisions to complete redesigns, always with the purpose of meeting production goals at the lowest possible cost. Simulation also provides a way to test and implement principles of Lean manufacturing and Six Sigma. And unlike spreadsheet-based analysis and forecasting, manufacturing simulation offers a quick and efficient method to adjust parameters and get faster results.