The rewards include improvements in business value and sustainability that would have been almost unimaginable just a few years ago.
Digital twins can also guide sustainable manufacturing, letting companies test out different approaches in a virtual environment. That lets them see how they can best eliminate potential waste, whether in inventory, energy use, equipment efficiency or anywhere else. design and planning of manufacturing processes
“They can simulate and optimize for production rates as they grow their business and understand what they need to do before they actually make changes on the factory floor,” says Green. “They’ve now saved a lot of money and become very efficient.” “Suppliers in certain parts of the world might be more efficient or better than others,” he says. Impacts will vary “based on total landed costs, which include product costs, transportation costs, labor costs, environmental costs, taxes and tariffs.”
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Source: Reuters - 🏆 2. / 97 Read more »