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Let us help you make better business decisions. Contact us today to start your Business Process Simulation journey.
Email: sales@silicoai.com
160 Kemp House, City Road, London, EC1V 2NX, UK
Business Process Simulation (BPS) is a technique used to model an organisation’s processes and simulate their performance in different conditions and future scenarios. This enables organisations to identify bottlenecks, test improvements, or evaluate the potential impact of changes before they are implemented. BPS also links these insights directly to operational and commercial Key Performance Indicators (KPIs) that matter to your organisation.
On the other hand, Process Mapping is used to visualise an organisation’s processes. The benefits of process mapping being that they show the steps that make up the process and how they are connected. It can be a very effective tool for understanding and communicating a process, but it does not have the simulation, testing or analytical capabilities that BPS can offer.
Silico’s simulation enables evidence-based decisions regarding process changes. Simulating the impact of process changes allows teams to prioritise based on the expected return on investment (ROI) and connect process changes to commercial outcomes and KPIs.
Silico’s simulation lets organisations explore forward-looking scenarios and predict what issues could arise in the future. This predictive ability allows better planning and ensures processes support the organisation’s strategy rather than just addressing past problems.
Silico’s simulation enhances stakeholder buy-in, providing quantitative analysis to decision-makers. This enables transformation and improvement teams to set realistic targets and expectations and confidently answer how the proposed changes perform compared to alternatives.
While Process Mapping provides a picture of the current state of a process or target operating model, it lacks the ability to explore future scenarios or outcomes. BPS offers predictive capabilities that enable organisations to assess future problems and optimise processes accordingly.
BPS provides a more rigorous, quantitative analysis of business processes than process mapping. It can model the impact of potential changes and determine key metrics like revenue, cash flow, and ESG outcomes. This data-driven approach allows for more informed decision-making.
BPS supports a culture of continuous improvement. By regularly simulating and analysing process performance, organisations can identify opportunities for optimisation and make incremental improvements over time.
BPS is a stepping stone towards creating a Digital Twin as it facilitates the development of an organisation's dynamic, data-driven, and interlinked model. These models can then be expanded and refined over time to create a comprehensive Digital Twin of the Organisation, giving transformation and improvement teams ultimate control of how their changes impact their organisation’s success.
Why should you start your Business Process Simulation journey?
Embarking on a Business Process Simulation journey equips your organisation for strategic success. BPS facilitates quick, data-driven decisions, boosts efficiency and fosters continuous improvement across your organisation. Lay the groundwork for a Digital Twin of your Organisation and prioritise based on what outcomes matter most.
Getting started with BPS is effortless with Silico’s streamlined 4-week Proof of Value, allowing you to swiftly harness the value of BPS and significantly enhance your organisation’s processes from your existing process maps.