The Strategic Business Value of Process Simulation
The use of simulation tools is nothing new. NASA has used them for years to train astronauts. Weather services use them continually to predict weather using other supporting data gathering tools like doppler radar. However, using simulation tools to improve business processes has taken on a new look, given the recent surge in big data and Artificial Intelligence (AI) technology development combined with traditional Lean 6-Sigma methods.
Process simulation software tools simply enable management and operations users to build graphical process flow diagrams that dynamically model the impacts of how materials, people, orders, service requests, and any other business data or entity moves through a process over time.
In this Orange Paper, you’ll learn why process simulation is an effective tool for business strategy, and how to get started and stand up a process simulation project.