Applications of Simulation in Supply Chain Management: Inventory, Transportation, and System Dynamics
Nov 01, 2023 at 9:30AM - Nov 01, 2023 at 10:30AMVirtual
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Industrial simulation is a powerful tool employed across various sectors to model and replicate real-world manufacturing processes, systems, or operations within a virtual environment. By mimicking the intricacies of production lines, supply chains, or logistical workflows, industrial simulations enable organizations to optimize their processes, improve decision-making, and enhance overall efficiency. These simulations incorporate factors like machinery behavior, resource allocation, and demand fluctuations, allowing businesses to test different scenarios, identify bottlenecks, and...