With growing levels of global competition and consumer choice, remaining competitive is a priority for organizations in every industry. This has led to more focus on optimizing operational efficiency, resources and costs to build and maintain a competitive edge.
Ahead of implementing any process improvement project, most organizations will assess the proposed solution to avoid the risk of costly or time-exhaustive approaches being implemented.
But how do organizations undertake this analysis? Enter a host of potential tools, techniques and applications designed to facilitate decision making and scenario analysis. With so much choice available, the natural reaction for many organizations can be stick to what you know best: spreadsheets.
Spreadsheets, having evolved from accounting applications and basic information databases, are an established tool in business and are utilized in almost all organizations at all levels. This familiarity has led to the use of spreadsheets to solve problems which they were never designed, such as process improvement analysis.
While spreadsheets are useful for small analysis, they don’t possess the sophistication needed to model and analyze the complex and dynamic systems found in most business and supply chain processes.
As a result, many organizations have turned to powerful and flexible discrete event simulation software tools like SIMUL8 to improve the speed and accuracy of process improvement analysis.