Service Parts Supply Chain Simulations

Your way to ensure your inventory is working optimally for you!

The COVID-19 crisis has disrupted supply chains in every industry across the globe. When the variability in supply and demand is high, only simulation can provide crucial insight on the impact of these disruptions on your supply chain. Supply planners do not have the luxury of a trial-and-error approach for assessing and mitigating the impact of such disruptions. You need to simulate the impact of your planned solution, to ensure that it is going to work for you! See how SimAcumen's simulations helped Thermo Fisher Scientific combat disruptions caused by COVID-19

Over the past decade, the importance of service has grown and service strategy has become an integral part of any OEM. The growth of IoT and Predictive Analytics has played a key role in the prognosis of need to service equipment, which helps in reducing downtime for the user. One reality has been invariable, though – you need parts to service the equipment, the right part at the right location and at the right time!

How healthy is your inventory position? Are you achieving your goals, and at what current and projected cost? How do you plan your inventory to meet the demands of your customer? Best-in-class inventory optimization solutions are great at modeling the complexity of service parts supply chains, but real life always throws curveballs that theory does not anticipate. Simulations are necessary for ensuring that a planning system's decisions reflect the reality of your supply chain.

SimAcumen Insight is the most comprehensive service parts supply chain simulation solution to accurately evaluate your stocking policy and inventory position predictions over time. Learn more.

SimAcumen's service supply chain simulations complement PTC's Servigistics Service Parts Management solution to help customers evaluate business decisions under real-world conditions. We have collaborated with SimAcumen and brought value to customers in diverse sectors including Aerospace and Defense, Automotive, Healthcare and Semiconductor equipment manufacturing.

- Leslie Paulson, General Manager, Servigistics Business Unit, PTC

Monte Carlo Simulations play an important role at every stage in service supply chains. They provide independent validation of our algorithms and value proposition, and a realistic forward-looking picture of service and inventory on an ongoing basis. With its simulations, SimAcumen has helped us model a variety of real-life use cases for our customers. SimAcumen understands the material flow complexity of service supply chains and simulation models are built automatically with service parts data.

- Dr. Vipul Agrawal, Technical Vice President, Servigistics Business Unit, PTC