Digital Twins as an Essential Tool for Modern Business and Industry
Digital twins are increasingly important in modern business and industry as they enable companies to gain a deeper understanding of their physical systems, processes, and products. This understanding allows for better decision-making, increased efficiency, and improved quality control. Digital twins also facilitate predictive maintenance, reducing downtime and maintenance costs, while enabling real-time adjustments to improve performance and enhance collaboration between different teams. Additionally, digital twins can support sustainability initiatives by providing insights into resource usage and waste reduction.
The client's tight project timelines and asset acquisition deadlines have required rough assumptions about the stages of the plant ramp-up. As a result, it is important to ensure transparency and validation of our future operational plans.
To establish a baseline for our production plan, we used various factors, including future production demand, site constraints, expansion scenarios, product mix, and production capability. To achieve this, we created a modular material flow simulation model that aligns with the factory requirements for 2029. This model allowed us to validate scenario-based material flow optimization simulations and define the stages for the plant ramp-up.
The simulation we conducted demonstrated the potential for a 22% reduction in CAPEX and a 35% increase in equipment utilization. We validated the material flow optimization using the simulation and provided detailed definitions of the plant ramp-up stages and the associated equipment. This served as proof of the value proposition of the Digital Twin of Production within the organization.
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