The power of Industry 4.0 Simulation
We already know Industry 4.0 is driving things forward in a very fascinating way. One of the technologies which has given its fair share to the wonder of Industry 4.0 is Simulation: the computer model which can mimic the operation of any real or suggested system. Perhaps the best way simulation can help an organization is to estimate better the return of investment before it is actually initiated. It’s another enabler of improved decision making and needless to say it helps companies both save and earn more money. How does that happen? Well, the main reason a simulation process can achieve such results, is that it can account for the behavior of individual tasks and resources by measuring what will happen in a manufacturing system over a given period of time. Simulation is also preferred because of another important feature it has – a risk-free environment. Here’s an example: your company receives a large production order which needs to be done in a short amount of time and because of the process intensity a machine brakes down or you identify another problem within the production line. This is where simulations comes in handy: it can help you find out such weaknesses in advance and reduce equipment downtime, by testing ways to limit its impact and also making it easier for engineers to design a more efficient manufacturing line. Interested in learning more? Have a look at the following video (https://www.youtube.com/watch?v=H5M2hopvWFw) and check out this paper (https://www.simul8.com/resources/implementing-the-future-of-manufacturing-with-simulation.pdf) by SIMUL8 to learn more about the benefits of using simulation in your own business.