By clicking “Accept All Cookies”, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts. View our Privacy Policy for more information.
Want to know more? One of our team will reply to you as soon as possible and will be able to answer any questions you may have. We'd love to help you start making better decisions for your business.
Email: partnerships@silicoai.com
160 Kemp House, City Road, London, EC1V 2NX, UK
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
Process Simulation is a new way to improve processes. It helps process owners find the best improvements and make transformation decisions that have a big impact on ROI.
This page provides an explanation of Process Simulation and compares it to other BPM tools such as process mapping and mining. We also explain the benefits of using it as a process improvement tool.
Process Simulation is an innovative method to improve processes and detect process inefficiencies in a virtual environment. The tool suggests the optimal combination of process changes to optimise the performance of an organisation.
A standout feature of Process Simulation is its capability to generate solutions and explore what-if scenarios. This shows the full impact of process changes across the whole organisation.
Process Simulation plays a role in the modern Business Process Management ecosystem by addressing a gap in the process optimisation journey. BPM is focused on data, using tools like process mapping, process mining and business intelligence to understand and measure process performance. However, Process Simulation goes even deeper in analysing processes.
Simulation is the bridge that connects data-driven insights with strategic decision-making. It fits into the process ecosystem by enabling organisations to model and simulate various scenarios within their processes.
Simulation shows how process changes can affect the performance, efficiency, and productivity of an organisation in a dynamic and predictive way.
In essence, Process Simulation helps answer the "what if" questions that process mapping and process mining alone cannot fully address.
By creating virtual environments to test changes, organisations can make informed decisions about process improvements and optimising their processes. They can evaluate the potential outcomes, risks, and benefits of different process alterations before implementing them in a real-world environment.
This capability is particularly valuable in today's rapidly changing business landscape, where organisations need to be agile and adaptive. It allows businesses to discover the consequences of process changes and make adjustments proactively. This ensures that decisions align with the businesses strategic goals.
.png)
.png)
A Process Simulation platform should possess several key capabilities to effectively support process improvement and decision-making. Firstly, it should enable the creation of a Digital Twin that mirrors the structure and behaviour of real-world business processes. ThisDigital Twin serves as a reliable representation for analysis.
The platform should have monitoring and control features. Users can use simulation to find future process problems like bottlenecks, SLA breaches, and resource planning issues. This helps organisations stay ahead of problems and optimise their processes.
A robust Simulation platform should facilitate the evaluation of transformations. Users should have the ability to modify any aspect of the process. This includes the process flow, structure and input parameters. By making these modifications, users can simulate how it process changes effect the calculated business metrics.
Using ‘What-if’ scenarios, you can compare the current state (as-is) with the potential future state (to-be). This is essential for assessing the effects of process changes, technology implementations, or automation designs.
In essence, a fully-fledged ProcessSimulation tool provides the following capabilities (only Silico can deliver all the following):
The primary aim of Process Simulation is to show you the optimal process changes and improvements for your business.This is done in a controlled, virtual environment for testing various scenarios and strategies.
Organisations simulate their processes to find the best way to improve their operations, like making things more efficient or cheaper. Furthermore, Process Simulation can create a business case by giving data-driven insights on the benefits and impacts of process changes. This supports well-informed decision-making.
Process Simulation offers a number of benefits above and beyond other process improvement tools. Read below to discover the top 4 benefits of using Process Simulation in your business:
Get more value from your existing information and process improvement tools by using Process Simulation. Quickly convert insights from tools like process mapping and process mining into Digital Twins to get the most out of information.
Identify issues in your process using your Digital Twin before they affect the process and your KPIs in the real world.
Test process improvements and operational decisions virtually before implementing them to ensure optimal process changes are identified before implementation.
Use interactive dashboards within Process Simulation software to demonstrate future performance and encourage action. Use Simulation to make the business case for process improvements.
Process mapping is a valuable tool for visually representing an organisation's processes, showcasing their structure and how they connect. It excels at creating a clear understanding of existing processes.
On the other hand, Process Simulation extends beyond visualisation. It offers predictive analysis capabilities, enabling organisations to explore future scenarios and assess potential outcomes.
Process Simulation supports data-driven decision-making. This provides quantitative insights into the impact of changes on key metrics like revenue and cash flow. It also fosters continuous improvement by regularly simulating processes to identify optimisation opportunities.
Simulation also serves as a foundation for creating a dynamic Digital Twin of the Organisation (DTO). This allows organisations to model and refine their operations strategically over time.
Process Simulation offers many advantages in addition to Process Mining. This makes it a strategic tool in theBusiness Process Management ecosystem to add to your stack.
Process Simulation tools are inherently future-focused. This enables organisations to model and simulate potential future scenarios. Unlike Process Mining, which is retrospective and aims to understand past events.
Process Simulation empowers businesses to visualise the effects of changes. This provides valuable insights for strategic decision-making, growth planning, and continuous improvement.
Additionally, Simulation directly links process performance to commercial key performance indicators (KPIs). This aligns process improvements with the organisation's most important outcomes and objectives. Whereas process mining provides insights into past processes but may not align with strategic goals.
Silico excels in offering interconnected analysis capabilities. It allows organisations to assess how changes in one part of a process impact the entire business. This makes it particularly valuable for complex processes where adjustments can trigger ripple effects throughout the organisation.
Looking to uncover the opportunities hiding in your processes beyond your process mining insights?
Download our quick guide to using Process Simulation after Process Mining:
Process Simulation softwares are all built differently. While the core of Silico’s simulation engine is built on a mathematical (System Dynamics) understanding of business processes, it also includes additional features that make simulation enterprise-ready. This best represents business processes and enables Silico users to optimise their processes more efficiently and effectively.
Unique features such as AI and the ability to import BPMN files are native to Silico. These help to minimise the time to insight. This enables simulation models to be generated almost instantly.
Process Simulation is a tool that can be applied to any business process to achieve optimised results and decide on process changes. Here are some key processes where Process Simulation can be utilised:
Meeting customer expectations without commercial sacrifices can be difficult. Process Simulation can aid you in unlocking revenue, reducing costs, and improving customer relationships. Process Simulation allows businesses to identify the most efficient approach that meets customer expectations while maintaining profitability.
Procurement processes are critical. Process Simulation can be employed to assess different procurement strategies, supplier relationships, and inventory management approaches. Simulating processes such as P2P ensures that your purchasing processes minimise costs and inventory risks simultaneously.
Process Simulation is invaluable in optimising supply chain operations by modelling various scenarios and identifying potential bottlenecks or inefficiencies. It allows for the development of resilient supply chain strategies that enhance customer satisfaction while minimising operational disruptions.
Finance Processes can require significant working capital. Simulating processes helps to improve efficiency and make smart decisions that boost cash flow quickly. This ensures an efficient and optimised Finance Transformation.
Process Simulation software can differ significantly in terms of features, capabilities, and target industries. These differences consist of various aspects, such as the simulation methodologies employed (e.g. Monte Carlo simulation, agent-based modelling or System Dynamics, like Silico), the user interface's ease of use and customisation options, and the extent of integration with other systems and data sources.
Are you looking to learn more about Business Process Simulation and how it can help you to build a digital twin of the enterprise? Download our free guide to get up to speed:
