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How much will profit increase without this bottleneck? Or how about – If we invest in debottlenecking the whole production line, can we meet our targets? Simple questions and a common approach, but the answers may not be what you expect if you were to ask Dr. Alan Barnard, CEO Goldratt Research Labs.
Read on and find out why...
Digital twins are part of Industry 4.0. How are they being used on automobile production lines? Here we investigate how a digital twin is made and used in the automotive industry.
One of the world’s largest capital goods companies, CNHi, wanted to evaluate Industry 4.0 technologies. It chose its IVECO production plant in Suzzara, Italy. Fair Dynamics were contracted and proposed a digital twin. Read on and discover how maintenance costs can be reduced with a digital twin — Production line downtime was shown in a study of over 100 automotive executives to cost an average of $22,000 per minute.
Industry 4.0 was the subject of Yuri Toluyev’s plenary presentation at the IMMOD simulation modeling conference in Saint Petersburg. He described how new approaches to enterprise development, united by the concept of Industry 4.0, are driving technological development.
AnyLogic attended the event and interviewed Toluyev about Industry 4.0, its development, and its implementation. Interesting and informative, read on for Yuri Toluyev’s Industry 4.0 insight...