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paragon-simulation-services-limited  

Profile

Who We Are

Paragon helps optimise business processes by applying the principles of lean thinking using simulation. Our analysis shapes critical decisions in the automotive, aerospace, energy, financial, and public sectors

Our Goal

Our goal is to make the complex understandable so decision-makers are more confident to make decisions quickly. We do this using what-if models to create accurate performance predictions of options. This creates an important information-stream to support evidence-based decision-making. Our work frequently reveals the unexpected and has created well over £500m of financial gains so far. We've completed more than 500 major assignments for over 50 organisations all of whom are leaders in their sector

How We Deliver Solutions

At the heart of every assignment is a bespoke simulation of a process that is adapted to any future scenario. The model has an animated video that is used to check it is accurate. The model then becomes a cost-effective method to evaluate and compare different improvement ideas because it avoids touching the real-life process. This risk-free analysis pin-points the location of bottlenecks and reveals the root-cause of under-performance. The model is used to play 100s of options that are ranked in terms of efficiency, throughput-time, work-in-progress and cost. This information is then used to identify the best-performing options and create much better quality solutions

Project Examples

Our work is frequently used to right-size new or expanding processes in terms of equipment, people and stores. It is also used to understand how to improve the performance of existing processes - the clever bit is to find the minimum number of changes required to hit a performance target. Recently a lot of assignments have been connected with introducing new products into existing processes and how to optimise the process schedule to satisfy demand with minimum stock