Organisations who use DMAIC to improve processes often take months to reach the analyse phase. Business modelling practitioners know the importance of time in implementing the change initiatives in an organization. Simulation is one way to accelerate change.
“ A simulation is the imitation of the operation of a real-world process or system over time. Simulations require the use of models; the model represents the key characteristics or behaviours of the selected system or process, whereas the simulation represents the evolution of the model over time. Often, computers are used to execute the simulation”. Source wikipedia
Business Modelling is a replication of real world processes using simulation models which use business assumptions, Decision making and Forecasting.
Below are the reasons why Business Modelling and Simulation can accelerate the DMAIC sequence of an improvement project.
Simulation eliminates the measure and analyse phase.
Simulation models can work on large datasets, can run 1000 of trails taking into account process variances, uncertainties and interdependencies and provide multiple solutions.
Running Simulation models doesn’t interfere with day to day work in an organization.
Impact on operations, processes and customers can be measured and visualised.