Dynamic Simulation for Lab Optimization can help increase efficiency - Utilizing Dynamic Simulation for Lab optimization can help increase efficiency, reduce travel time, control production. Reduce WIP and the overall operation cost...

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.

Supply Chain simulation requires the delicate balance and management of relationships between multiple companies throughout the value chain all working together to ensure the expectations of all stakeholders on both the supply and demand of the system are met and exceeded. Simcad Pro’s patented dynamic simulation environment allows for the accurate modeling of such complex systems and their components. Through integrated functionality Simcad Pro delivers integrated scenario analysis, optimization, and 2D & 3D visualization providing the required tools to make informed decisions driving continuous improvement, visibility, tracking, tractability, and systems optimization.

Monte Carlo simulations can be used to study the variability of the model and determine the model behavior boundaries along with the expected performance. In simulation models that contain variable failure rates, variable processing rates at each stations, and variable inputs, Monte Carlo simulation runs can be a tremendous asset to any organization in order to understand the intricate behavior of the model environment. Simcad Pro created models benefit from the fact that Simcad Pro integrates all the tools required to run and analyze Monte Carlo simulations quickly and effectively. Coupled with the patented On-the-fly dynamic model updates, Simcad Pro provides an unprecedented simulation environment unmatched in the industry.