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Lean Model-Based Management

Model-building is certainly nothing new, and even computer simulation modeling has been around for quite a few decades. While certain disciplines, like weather forecasting, are almost 100% model-based, simulation modeling in manufacturing has generally been limited to testing various options at the design stage, much like an aircraft builder will use a wind-tunnel. Once the aircraft is built, the wind-tunnel is no longer needed. These are certainly great uses for simulation models, but we don’t need to stop there. In this webinar we will be exploring the idea of Model-Based Management, where we use models in our day-to-day execution of a mixed model Value Stream.