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Digitization, Digitalization, and the Digital Transformation of the Factory Floor

As the adoption rate of digital transformation within the manufacturing industry increases, many still struggle with differentiating between digitization and digitalization. Although both terms sound similar, that’s where the similarities end. Many who use digitization and digitalization interchangeably end up confusing the technological partners they intend to work with. Thus, to eliminate the confusion associated …

Improving Operational Efficiency with Digital Transformation

Across the industrial sector, strategic alliances are being made to simplify everyday business operations, utilize data, and improve revenue generation. These strategic alliances have witnessed enterprises within more traditional industries partner with digital transformation service providers to solve problems. One example is the Oil and Gas industry turning to digital transformation to deal with struggles …

Simulation and Risk-based Scheduling in the Industry 4.0 Era

In 2019, an industrial facility struggled with optimizing its schedules, maximizing resources, and cutting down on astronomical production costs due to the complex nature of its manufacturing process. The facility relied on a high-mix and low-volume manufacturing process with sequence-dependent setup times which added an extra level of complexity to its manufacturing processes. To eliminate …

Optimizing Manufacturing Capacity Using Digital Twin Technology Post COVID-19

A recent survey from the National Association of Manufacturing has highlighted the impact of pandemics on manufacturing chain and manufacturing operations across the world. According to the survey, 80% of manufacturers are expecting the ongoing pandemic and the corresponding lockdown to have a financial impact on their businesses. 53% expect COVID-19 to directly impact their …

Effective Factory Scheduling with a Simio Digital Twin

Introduction In today’s world, companies compete not only on price and quality, but on their ability to reliably deliver product on time.   A good production schedule, therefore, influences a company’s throughput, sales and customer satisfaction.  Although companies have invested millions in information technology for Enterprise Resource Planning (ERP) and Manufacturing Execution Systems (MES), the investment …