Within a Lab setting, the issues of excessive wait time, excess travel time, low equipment utilization, and increased operational cost daily are always present. Within the lab setting, it is important to improve efficiency and to reduce lead time. Simcad Pro is a sophisticated simulation engine that can be utilized to improve the overall efficiency, accuracy and effectiveness within a laboratory, which in turn increases possible workload and monetary gains.

REALTIME PREDICTIVE AND PRESCRIPTIVE ANALYTICS WITH REAL-TIME DATA AND SIMULATION - This paper discusses the reusability and extensibility of simulation models and their roles in predictive and prescriptive analytics using real time data connectivity...

With rising costs in manufacturing, it is important to make every effort to reduce bottlenecks, improve efficiency and utilize resources fully. Simcad Pro is a sophisticated dynamic simulation engine that can be utilized to improve the overall efficiency of an assembly line. Users of Simcad Pro have experienced increased efficiency, effectiveness and accuracy within their assembly lines, meaning increased profits. Additionally, staff allocation and shifts can be better forecast and analyzed, reducing the overall cost of the operation while increasing utilization of available resources.

Most improvement initiatives begin with a Value Stream mapping exercise. The value stream map takes into consideration one aspect or product of the operation and analyzes the effect of waste. With a single product with no variations that flows sequentially, a static value stream is adequate. But, when analyzing multiple product interactions, non sequential flows, and the interaction among multiple value streams, the static environment fails. Moreover, static streams do not take into consideration fluctuations in demand, workforce, and other dynamic operational constraints. This patented technology is the first of its kind on the market today.