The Ledger

Curated content for
analytical business leaders
Back to The Ledger

Simulation Capabilities Are Giving Manufacturers A Major Advantage

Simulation capabilities are being used by manufacturers everywhere to help decision makers understand what has happened or will happen in the future of their business. In the case of additive manufacturing, simulating the material properties and the processes embedded in devices, helps OEMs guarantee that they have the right combination of material and settings to manufacture the necessary part. This ensures the part strength, support structure, and other key requirements will be met so that the part will be successfully produced. Finance departments use simulations for scenario analysis and planning. They want to answer the questions, “what will happen if…?” and be prepared for potential outcomes. With manufacturers focusing more on financial planning & analytics functions to drive their strategies, they need the ability to confidently and accurately predict the impact of internal and external changes on both costs and profits.

Read More at Manufacturing.Net >