ABSTRACT:

What is Simulation? - Simulation Explained

Simulation software and methodology have been successfully used in supply chain, logistics, and manufacturing for many years and will continue to play a major role in these industries. The drive for more efficient operations, producing more with less, and constantly increasing and refining quality has been the driving force in adopting simulation software. Moreover, the heavy shift toward lean thinking and six sigma methods coupled with increasing operational variability have forced many companies to introduce dynamic predictive technologies to be an integral part of their daily operation procedures.

Supply chains are often an intricate and complicated system. Because there are so many different components that must be taken into account when examining a supply chain, it is useful to user Simcad Pro's patented dynamic simulation software. Simcad Pro allows the users to see the supply chain as a whole to make improvements in overall efficiency and accuracy, which in turn helps to cut costs and eliminate wasted time.

Ensuring Success with Simulation

Simulation is an approximation of reality, the level to which it mimics reality depends on the tool and method used to implement the simulation model. The closer the simulation model mimics reality, the better its results and analysis are, while the faster the model is built and validated the greater the return on investment.