Simulation answers the what and why of business process analysis and improvement
According to research firm IDC, companies lose as much as 30 percent in revenue every year due to inefficient processes. Can your business afford to not be firing on all cylinders?
Simulation is the best approach for finding issues like bottlenecks, over-utilized resources and under-resourced elements and to understand why they’re happening. You’ll not only be able to pinpoint problems, but rapidly test solutions to make processes perform at their best.
Other business intelligence and analytics tools can show you what's already happened, but they don’t come close to the actionable 'what-if?' insight unlocked by simulation.
Simulation is visual and animated, allowing you to easily see what’s happening in a process as time progresses. At a glance, you’ll gain insight into the flow of business processes, find causes of process inefficiencies, bottlenecks, weaknesses and so much more.
Experimenting in the real world is full of risk and costs. There’s not only the capital expenditure of changing process, hiring new staff or purchasing new equipment, but the costs of the consequences of these decisions. By thoroughly testing changes with simulation, you can find the right solutions and avoid costly mistakes down the line.
Simulation is a great vehicle for discussion about every aspect of a process. The rule and data collection you’ll do as part of building a simulation helps you to consider why elements work in a certain way and identify inconsistencies and inefficiencies between different parts of a process. When it comes to communicating your proposals, simulation is a much more interactive and engaging way to present your ideas to stakeholders.
Simulation isn’t just for one-off process improvement projects. The key to a competitive organization is constant improvement. Using operational simulations or digital twins of your organization enables you to continually monitor performance, highlight problems and make informed, effective day-to-day decisions.
"SIMUL8 has been a valuable application for expanding our range and depth of analytical abilities. It should be considered an important tool for every performance improvement program."
Todd S. Roberts MBA, System Director of Operations Improvement, Memorial Health System
From routine decision-making to strategic transformation, simulation gives you the answers you need to solve any type of business process challenge
Investment in processes, technology and people is essential for generating higher demand, capitalizing on new opportunities and delivering excellent customer experience. But with so many different risks involved, how do you decide where and how to invest?
Simulation is a proven method for assessing ROI. Financial cost metrics such as capital, usage costs per station, labor costs and more can all be tracked as the simulation runs so you can thoroughly assess the true value of different investment options.
Are you faced with more decision factors than you can get your arms around? Do you need to make changes to your process but can’t risk things going wrong? As humans there are only so many variables we can hold in our heads at one time!
Likewise, tools like spreadsheets can’t completely reflect your real-life process. Only simulation has the power to accurately process all the complicated interactions and random events that might impact your process to help you make better, confident decisions.
One or more of your processes is broken or needs to work a lot better and it’s having an impact on your bottom line. But bottlenecks aren't easy to pinpoint, especially where you have long, complex or intertwined processes spanning multiple teams, locations and suppliers.
Simulation gives an accurate, visual representation of how your processes is really working, helping you to pinpoint where bottlenecks are happening and rapidly test solutions to remove them.
Business decisions will have implications in months and years to come. How can you do more than guessing their eventual outcome?
Simulation allows you to run 2, 10 or even hundreds of years into the future of your project in seconds. This provides insight to help you make stronger, confident decisions now, instead of when it's too late to change the outcome.
You need to create a new business process, but how can you know it will work? Will it be able to cope with demand? What resources do you need in place to support it?
Simulation can be used to design your process and validate assumptions before the real system is implemented - when it’s often too late and costly to make changes.
If events in your process don’t always take the exact same time, or you can’t predict exactly when new work will arrive then you have variability. If you use other techniques like spreadsheets, you’ll always have to rely on averages. But averages can never truly reflect the real world.
Simulation not only enables you to understand and test the impact of internal variation on your processes, but also the impact of changes outside your organization, enabling you to respond quickly and effectively when things change.
Companies worldwide use the power of SIMUL8 to improve their processes, increase efficiency and reduce costs.