Cost Savings Using Simulation, Part 2 - Time is Money

Posted by Admin on Mar 18, 2016 8:37:58 AM

Cost Savings Using Simulation, Part 2 - Time is Money

 

Simulation provides companies with an unparalleled insight into operations and a unique competitive advantage in the market place. Using models allows for replication, investigation and verification of concepts and system scenarios under real-world, plant-floor conditions, saving time and money. This is a three-part series. Part 1 discusses the benefits of simulation as a technical tool.

Fixing Versus Innovating

Although not directly related to cost savings, time is one of the greatest ways to save money. The more employees and consultants on the plant floor spend time addressing an issue that could have been explored through simulation, the more unnecessary overtime and wages are being devoted to fixing instead of evolving and innovating. 

Most likely, it can be agreed upon by all successful companies that time spent innovating is overwhelmingly more favorable than time spent fixing a preventable issue. Building a simulation also takes time. The question is, where, when and how should the time be spent to arrive at the innovative stage quicker? Why not spend that time in the comfort of a meeting room instead of running around on a factory floor?

Let’s examine the time it takes to use simulation and the time required to adjust a constructed system without using simulation prior.
 
Using simulation:

  • Research and qualify firms that offer simulation services
  • Select a firm
  • Collection of data for the current system
  • Create simulation and evaluate several scenarios
  • Find solution and proceed to construct system
  • Diagnose small adjustments

Not using simulation:
  • Collect data and design system
  • Construct system
  • Possibly notice large design issue
  • Diagnose the core of the issue and find best solution for the least amount of money
  • Hire consultants or pay overtime to fix system
  • Purchase new materials and machines
  • Adjust the system to solution
  • Diagnose small adjustments
From the tasks above, it is clear that using simulation can save plenty of time while developing a new line, but it can also help in the long run. For example, consider growth. Simulation allows for significant planning and finding solutions that can adjust to the growth of your business by assessing many different scenarios. By fixing a line after construction, the project team is forced to find a better solution with what they have, which may not be the best solution overall.

Operate in the Real-World Faster  

Perhaps you have your system in place, but you would like to see how it works over a longer period of time with all of the real-world applications. Simulation allows you to do something that the real-world does not; you can speed up time while still working as if it were in real time. Minutes become seconds and hours become minutes, saving both time and money.

Throughout this series, we see that simulation saves manufacturers time and money while also allowing a glimpse into the future. Stay tuned for our final part of the series in which Haskell subject matter experts offer suggestions and considerations specifically for those exploring simulation as an option.

Would you prefer to speak with a subject matter expert directly? Contact Bela Jacobson at 678.328.3246 or bela.Jacobson@haskell.com about how our simulation solutions can help you.

Topics: Processing and Packaging, Innovation, Simulation, EPC