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How Silico Can Improve Supply Chain Analytics Using Simulation Models
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How Silico Can Improve Supply Chain Analytics Using Simulation Models

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Supply Chain Analytics 

Globalisation has driven a dramatic increase in the complexity of supply chains. Recent improvements in understanding big data sets has seen rapid growth in Supply Chain Analytics, as businesses have sought to deeply understand the relationship between supply, demand, and operations.

The Challenge

In many marketplaces the challenge for large businesses is to model what happens when there are changes to their supply chains, for example if a geo-political event is likely to make changes that have no historical precedent. Understanding how to deal with these changes and trying out different strategies can be challenging. 

How Silico Can Improve Your Supply Chain Analytics

Silico is the ultimate tool for supply chain analytics by using business process simulation to test supply chain sensitivities. With the Silico software you can rapidly build dynamic models of your entire supply chain. Our graphical interface ensures that your model can reflect the real structures present within the physical world, creating a ‘digital twin’ that can be used to test decisions in  alternative scenarios. 

For example, a Silico model can allow you to simulate how your supply chain and finances will look as a result of different decisions (such as desired coverage levels) and under different demand scenarios. This allows you to test out different policies under different future scenarios, so you can avoid costly mistakes in real life and find the optimal supply chain policies. 

The supply chain process model for cans in Silico

Why Business Process Simulation is Important for Supply Chain Analytics

Understanding the dependencies in a supply chain is not easy. It is too complex to easily understand in a spreadsheet and is too dynamic to spend the time coding into a data science notebook. With Silico, our powerful no-code easy to understand interface enables senior decision makers to fully understand any relationships or assumptions that their business analysts have made, enabling your business to have visibility into vulnerabilities that are not readily apparent using traditional analytics tools.  

What Is The Impact

Taking the Silico approach allows you to use the data you already have to answer a range of questions including:

  • What are my optimal supply chain interventions?
  • How is my strategy likely to be affected by future events?
  • Where can I reduce/increase capacity and have the minimum/maximum impact on return?
  • What changes should I make if the market is undergoing change?

How Easy Is The Technology to Install

Silico believes in the accessibility and compatibility of offering Software as a Service (SaaS). The Silico solution will run through any browser and users can be up and running within a couple of clicks. Silico offers free access for interested users which provides modelling access for creation of a single model. Our development cycle ensures that enhancements are regularly made available to all users. Where required the software can be deployed on any private cloud giving authenticated access and extra layers of security.

How Easy Is Silico to Use

Silico is incredibly intuitive by design. The basic premise can be understood in seconds, you can build your first simple model in minutes, and your results can be viewed instantly. From there, you can continue to layer on detail until you are satisfied; the final complexity is ultimately up to you. And if someone else needs to come back and iterate your work, the pictorial nature of the interface means that anyone can understand what the model does and build upon it.

What Level Of Support Does Silico Provide

Silico provides 24-hour support via our online support portal, which also hosts our ever-expanding online community of expert users. Silico is based in London and currently follows UK office hours providing in person support from 8am through to 6pm GMT.