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Supply Chain Digital Twin
Developed by Goldratt Research Labs
How Best To Achieve Optimal Supply Chain Performance
Simulate your real-world supply chain and scenarios to identify how best to reduce avoidable shortages, surpluses, lead time delays, capacity losses and costs.
Accurately quantify the impact of changes in demand and supply, and compare different strategies & tactics to mitigate or capitalize on such changes.
Please Watch This Video First
unmute & Watch the video to learn about Digital Twins and the PPDT
Supply Chain Digital Twin
Developed by Goldratt Research Labs
How Best To Achieve Optimal Supply Chain Performance
Simulate your real-world supply chain and scenarios to identify how best to reduce avoidable shortages, surpluses, lead time delays, capacity losses and costs.
Accurately quantify the impact of changes in demand and supply, and compare different strategies & tactics to mitigate or capitalize on such changes.
Please Watch This Video First
CLIENTS WHO HAVE USED OUR DIGITAL TWINS
Why Leading Organizations Use Our Digital Twins
Organizations, from small businesses to global enterprises, face real-world VUCCA (Volatility, Uncertainty, Complexity, Constraint, and Ambiguity) conditions in their supply chains. Yet, traditional tools, including well-known ERP systems, fail to consider all VUCCA conditions.
Ignoring VUCCA can have severe consequences — crippling production halts, spiraling costs from unexpected stockouts or excesses, and, most critically, eroding customer trust due to inconsistent deliveries and service.
And this is why we developed the Supply Chain Digital Twin. Not only does it allow for powerful simulations that fully consider all VUCCA conditions, but it also helps managers to:
1. Identify Performance Potential: Understand how much better your supply chain can perform.
2. Strategize for Optimal Outcomes: Determine the best ways to increase availability, reduce lead times, and boost cost efficiency.
3. Quantify Changes: Simulate and test the effects of changes in demand or supply and assess how to effectively mitigate or capitalize on these changes.
4. Compare Best Practices: Access and run scenario comparisons with different supply chain management methodologies such as Material Requirements Planning (MRP), LEAN, Theory of Constraints, and Demand-Driven MRP to discover which ones enhance operations and yield superior financial outcomes.
5. Different Strategies for Different Sectors: Identify the best order fulfillment strategy and parameters for every product location.
Without Our Supply Chain Digital Twin
Without Our Supply Chain Digital Twin
- Cannot fully consider VUCCA conditions so cannot make reliable operational and financial commitments
- Feel unsure if they are using the best strategies and tactics for their unique circumstances
- Struggle to determine the impact of unplanned events and how best to respond
- Unsure of how to improve availability and performance
- Difficult to identify how best to reduce inventory and cost without compromising on performance & availability
With Our Supply Chain Digital Twin
With Our Supply Chain Digital Twin
- Can fully consider VUCCA conditions so can make reliable operational and financial commitments
- Make reliable operational and financial commitments without compromising on performance
- Feel confident that they are using the best strategies and tactics for their unique circumstances
- Quickly determine the impact of unplanned events and how best to respond
- Realize how to improve availability and performance
- Easily identify how best to reduce inventory and cost without compromising on performance & availability
What Makes Our Supply Chain Digital Twin (SCDT) Unique?
- It has extremely fast simulation speed allowing 100’s of replications to be done in minutes.
- Compare and see the impact of different supply chain management methodologies such as Material Requirements Planning (MRP), LEAN, Theory of Constraints, and Demand-Driven MRP.
- It is fast and cost-effective to customize - previously it would take 12-24 months, whereas now it only takes a couple of weeks
- It is self-configurable from data already in your IT system (E.G. SAP, Oracle etc.) which drastically reduces development and setup time, from Months to Minutes!
Our Goal: 10X Return On Investment
Testimonials from past clients show that an investment in our SCDT typically yields a 10x Return On Investment (ROI), and in some cases many times greater. We're confident that many organizations can achieve similar returns.
Should the ROI calculator project a return of 10X or even more, we urge you to contact us immediately. You could be leaving a lot of money on the table, and our SCDT can help you uncover it.
Try our ROI calculator now and discover how much more your organization can earn and save by using our Supply Chain Digital Twin.
SUCCESS STORIES
Results From Using Our Supply Chain Digital Twin
Challenge
Microsoft's CTO of Global Digital Supply Chains sought a holistic solution for the management of their expansive digital supply chains. The objective was clear: achieve a world-class supply chain capable of mitigating shortages and surpluses, all while enhancing responsiveness with minimal costs and inventory.
Solution
They reached out to us to help design, test, and implement a Theory of Constraints (TOC)-based end-to-end Supply Chain Management solution integrated with their SAP system. The core of our approach was a fully self-configurable supply chain simulation (the Supply Chain Digital Twin), offering Microsoft a low-risk method to validate the efficiency and effectiveness of the new TOC rules against their pre-existing SCM practices.
Outcomes
"The outcome has been nothing short of remarkable". Within a record timeframe of just 3.5 months, the comprehensive SCM solution was in full swing. By the end of the financial year:
- Customer service levels enhanced by over 5%.
- Reduction in inventory by a substantial quarter-billion dollars.
- Achieved savings of over a hundred million dollars by curbing the need for product price reductions and managing overstock challenges effectively.
Microsoft End-To-End Supply Chain Management Solution: Design, Testing And Implementation
Testimonial From Microsoft CTO Robert Meshew
Testimonial From Microsoft CTO Robert Meshew
Microsoft End-To-End Supply Chain Management Solution: Design, Testing And Implementation
Challenge
Facing complexities in their supply chain, Tata Steel Europe struggled with bottlenecks, ineffective decision-making, and constraints, impeding their ability to improve return on investment and service levels.
Solution
Working closely with Tata Steel, we crafted:
- Supply Chain Digital Twin: An encompassing digital twin of Tata Steel UK's entire supply chain.
- Specialized Models: Further digital twins targeting their hot mill, cold mill distribution, and special steel manufacturing facility.
- Strategic Testing: These models rigorously tested potentially counter-intuitive planning and execution rules, gauging their implementation within their SAP and MES systems.
Outcomes
- Operational Enhancement: Identified strategies to alleviate congestion during peak production times, amplify throughput, and decrease both WIP and inventory levels.
- Financial Gains: Realized an increase in Net Profit of over £100 million.
- Strategic Insight: Recognized the specific rules essential for implementation and automation within their SAP system, providing a robust tool for ongoing decision-making.
Case Study Presentation With CEO Of TATA-STEEL
Improving Reliability And Profitability Of Integrated Steel Supply Chain With Simulation
Case Study Presentation With CEO Of TATA-STEEL
Improving Reliability And Profitability Of Integrated Steel Supply Chain With Simulation
Challenge
Scholastic Book Publishing, a leading book distributor, faced a multifaceted challenge. Their expanding depot locations led to a complicated and costly distribution network. Added to this were rising real estate expenses, an aggressive driver market, and concerns about warehouse space utilization due to unpredictable future demand. When two consulting firms suggested the drop-and-hook method and 40-foot trailers, basing their solutions on averaged data, skepticism arose.
Solution
To provide a clearer picture, the company turned to us. Using our Supply Chain Digital Twin (SCDT), we simulated the entire supply chain's dynamics, addressing system complexities, constraints, and potential variabilities. Our model enabled the assessment of diverse configurations, giving Scholastic a risk-free tool to foresee the potential impacts of significant changes.
Outcomes
The simulation unveiled that the proposed drop-and-hook method wasn't as cost-effective as estimated. The initially projected $18M in Net Present Value (NPV) was likely to be a negative $5M.
However, our refined approach, backed by the insights from the SCDT model, identified a strategy that promised an NPV of $47M. This strategy was not just about the numbers. The model offered invaluable insights into driver requirements, vehicle needs, and routing intricacies, giving Scholastic a dynamic tool for ongoing strategic refinement.
Supply Chain Network Design Using The Supply Chain Digital Twin For Simulation and Vehicle Routing Optimization
Case Study Presentation
Case Study Presentation Highlights
Supply Chain Network Design Using The Supply Chain Digital Twin For Simulation and Vehicle Routing Optimization
The Supply Chain Digital Twin (SCDT)
guides users through 5 simple steps to gain insights
STEP 1 - LOAD DATA
STEP 1 - LOAD DATA
Create a digital twin in SECONDS from your supply chain data with the SCDT.
- Seamlessly import data from your ERP software into the SCDT platform.
- Witness the rapid transformation of your data into a full digital twin of your supply chain in a matter of seconds.
STEP 2 - PRE-RUN DATA ANALYSIS
STEP 2 - PRE-RUN DATA ANALYSIS
The SCDT offers an in-depth preview and validation of your imported data.
- Examine the supply chain data you've imported.
- Should there be any data inconsistencies or omissions, our advanced "data checking system" offers a guided, step-by-step process to ensure accuracy.
STEP 3 - SCENARIO SETUP
STEP 3 - SCENARIO SETUP
With the SCDT, you can create scenarios to analyze different planning and execution rules, evaluate varied supply chain strategies, and understand the impact of unplanned events.
Below are a few examples of scenarios you can create with the Supply Chain Digital Twin.
- Experiment with different logistical decisions, for example, opting for sea shipping vs. airfreight, to see the effects on cost, speed, and reliability.
- Simulate unplanned events like supplier strikes or natural disasters and see what the best way is to respond to minimize disruptions in operation.
- Understand the ripple effect of making changes to supplier lead times, transportation modes, and policies on the entire supply chain.
STEP 4 - RUN mODEL
STEP 4 - RUN mODEL
Discover the impact of various decisions or operational changes on your supply chain's financial and operational performance by simulating different scenarios in the SCDT.
Discover the impact of various decisions or operational changes on your supply chain's financial and operational performance by simulating different scenarios in the SCDT.
- Single Scenario Mode: Dive into a focused simulation of a particular setup of your supply chain. Analyze the impacts of changes to aspects like supplier lead times, transportation modes, and other policy shifts. With each run, gain data-backed insights to understand how specific adjustments play out in your supply chain.
- Scenario Comparison Mode: Set up and test various supply chain strategies side-by-side. For example, compare the operational and financial outcomes of using sea shipping vs. airfreight, or evaluate the effects of different supply chain management rules like Material Requirements Planning (MRP), LEAN, Theory of Constraints, and Demand-Driven MRP. The possibilities for scenario comparison are limitless.
- Sensitivity Analysis Mode: Determine the optimal quantity of a specific resource in your supply chain. Set up multiple scenarios with varying quantities of a selected resource (e.g., 1 to 10 trucks or 5 to 50 workers). This allows you to compare and analyze to identify the most efficient resource level that best maximizes your chosen KPI, whether it's throughput, lead time, profitability, or others.
STEP 5 - REVIEW & IMPROVE
After running simulations in the SCDT, dive into the results to understand, decide, and enhance your supply chain strategies and tactics.
After running simulations in the SCDT, dive into the results to understand, decide, and enhance your supply chain strategies and tactics.
- Analyze Data: View in-depth graphs, and if needed, export log files from every simulation event. This allows you to create your own graphs and conduct further data analysis.
- Compare & Decide: Evaluate the outcome of different rules and their parameters, then decide on the best strategies for your supply chain.
- Plan Next Steps: With a clear understanding of results, outline the next strategies or rules you want to test for a process of on-going improvement.
Tailored Solutions for Your Supply Chain Challenges
While giants like Microsoft, Tata Steel, and Scholastic have benefited greatly from our services, our core mission is to offer solutions that align with the unique challenges faced by supply chain managers, irrespective of company size.
- Understanding Before Action: Let's have a candid conversation about your unique challenges, needs, and constraints. No pitch, just understanding.
- Experience the Digital Twin Approach: Understand the solution and see how it can be aligned and integrated with your current supply chain management system.
- Our Goal: 10X Return On Investment: With our Supply Chain Digital Twin, we aspire to deliver a 10x return on your investment in our services - quantifiably demonstrated by reduced inventory costs, enhanced service levels and minimized excess and obsolescence.
Click the button below to book a no-obligation, informative call with our CEO, Dr. Alan Barnard. Let's discuss your specific challenges and see how our solution can start to help you get results fast.
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Supply Chain Digital Twin, a product developed by Goldratt Research Labs
All Rights Reserved © 2024
Have a question or want to learn how the Supply Chain Digital Twin can help your company?
Send Us An Email
marketing@goldrattresearchlabs.com
Have a question or want to learn how the Supply Chain Digital Twin can help your company?
Send Us An Email
marketing@goldrattresearchlabs.com
Supply Chain Digital Twin, a product developed by Goldratt Research Labs
All Rights Reserved © 2024