Discrete Event, Agent and Systems Dynamics based modeling and simulation can guide strategic as well as tactical day-to-day operational decision-making in Supply Chain and manufacturing operations.
Simulation based approaches complement operational supply chain and manufacturing processes, including mid-term and short-term demand and supply planning, production planning, factory scheduling, replenishment, warehouse operations and transportation. The result of adopting modeling and simulation can be profoundly positive and result in a lasting competitive advantage
- Dramatic reduction in supply chain lead times
- Flexibility and agility to respond to changing market conditions and customer demand
- In many cases, reduction in inventory and improvement in customer service levels
- Quality improvement