Decision support
A Powersim Decision Support Simulation adds power, flexibility, and speed to the strategic planning process.
A Powersim simulation projects future changes in an organization's Key Performance Indicators (KPIs), based on a comprehensive computer model of your business and your business strategy. Such simulations may be used one time to analyze a particular investment opportunity or may be used on an ongoing basis as part of a distributed, integrated management system.
Simulations enhance and complement spreadsheets, OLAP tools, and risk analysis software by combining both historical data and "cause-and-effect" assumptions about future performance. Simulation applications can include a customized, web-based interface, allowing managers to collaborate online as they create, compare, and share simulated business scenarios.
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A Hospital simulation created using Powersim Studio 2005.
Decision Support Simulations help managers...
• Test business strategies before committing resources. Simulations help reduce the risk of new strategic initiatives by allowing managers to experiment with alternative decisions in a simulated business environment.
• Reduce the annual planning cycle. With a Powersim simulation, executives and senior managers can collaborate online to create and evaluate business scenarios, dramatically shortening the time to develop an annual plan. The plan can be continually updated.
• Leverage collected business data for strategic decision-making. Powersim simulation solutions utilize enterprise data stored in databases, ERP systems, and Microsoft Excel spreadsheets. User interfaces can display both past historical data and future simulated data.