The essence of any business is all about flow: the flow of materials and/or services from suppliers, then through one or multiple manufacturing plants, and then through delivery channels to customers; the flow of information to all parties about what is planned and required, what is happening, what has happened, and what should happen next; the flow of cash back from the market to and through the suppliers. The faster a business can make, move, and deliver its products and offerings, the better the performance of the organization tends to be.
To this end, Carol Ptak and Chad Smith, the founders of the Demand Driven Institute developed an innovative methodology called Demand Driven Material Requirements Planning (DDMRP) to manage the flow of material and information more effectively in a visual and practical way. They did this by introducing strategically placed inventory decoupling points to support today’s reality of larger product variety, smaller orders with shorter lead times, and rapidly changing demand topped by constantly varying supply chain conditions. For a more complete description of the method including links to textbooks, videos and case studies readers should visit: https://www.demanddriveninstitute.com/ddmrp
Simio has created an agile platform to develop Adaptive Process Digital Twins (Digital Twin) that can be deployed for both predictive and prescriptive applications to facilitate comprehensive digital transformation and process re-engineering initiatives. A Simio Digital Twin is a data generated and driven, object oriented, 3D simulation model that accurately replicates the physical behavior of complex processes when powered by Simio’s discrete event simulation platform. A Digital Twin captures the current process in detail including all physical constraints, business rules, and detailed decision logic to serve as a process and operational knowledge base and reference model that can be used to evaluate all future changes and system performance.
Recognizing that an Adaptive Process Digital Twin would be an ideal platform to design and implement DDMRP, Simio and the Demand Driven Institute began a collaboration that has led to groundbreaking advancements in managing material flow. Join us for this Simio Solution Series Webinar to learn about how to use Simio for DDMRP.
