A Model Investment
Upon seeking justification for a major investment, Corus Construction and Industrial has discovered that the ProModel simulation software, from Production Modelling, has proven itself to be a vital new decision making tool.
For all businesses in the manufacturing sector, making the correct investment decision has always been a difficult task. But, in the current business climate, pin-pointing the right options in terms of new plant and equipment, has become seriously daunting. Businesses can no longer afford to simply make the assumption that new technology will deliver improvements and, unfortunately, any errors of judgment can quickly prove much more costly than the actual amount invested.
Therefore, it has become essential that before any investment decision is made, both the financial returns and measurable performance improvements are calculated as accurately as is possible, and the case for investment acknowledged and verified at every level. One method of achieving this is to carry out experiments and evaluation of any new equipment using a computer model generated using simulation software, before making the actual investment.
ProModel simulation software provides the ability to assess the effects of new equipment on key performance criteria, assisting with identification of financial and performance improvements, and will also effectively compare alternative investment options. As such, this approach can remove much of the risk factor from any investment.
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