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Item type:Publication, Improving a Biological Extracts Company’s Cash Cycle by Simulating Discrete Events: First Steps Towards Designing a Digital Twin(Elsevier BV, 2025) ;Jarquin-Segovia, Ricardo ;Marmolejo-Saucedo, José AntonioCompanies with consistently positive cash cycles tend to outperform those with negative cycles, which struggle to cover operational and capital expenses. This study focuses on a Mexican company facing financial liquidity challenges due to a high investment in finished product inventory and an 80-day cash conversion cycle, with 73 days tied to inventory. Using discrete event simulation and digital modeling, the production process of fluid extract was analyzed to identify inefficiencies and propose improvements. The simulation, conducted with Anylogic software, revealed significant delays in the percolation operation, contributing to a 20-day production process and substantial work-in-process inventory. This work lays the foundation for implementing a digital twin to evaluate real-time financial impacts of operational changes, ultimately improving the company’s financial performance. ©The authors ©IFAC-PapersOnLine ©ScienceDirect ©Elsevier. - Some of the metrics are blocked by yourconsent settings
Item type:Publication, Digital Twins and Blockchain: Empowering the Supply Chain(2022) ;Aguilar Ramírez, José Eduardo ;Marmolejo Saucedo, José AntonioIndustry 4.0 is here, and it arrived with very promising new technologies that can foster he supply chain management across industries. In this paper we review multiple sources to identify the main characteristics of Digital Twins and Blockchain technologies and how they can work together to fulfill the needs of the supply chain. We identify some advantages and disadvantages that must be properly analyzed before adopting this approach into any business. Many applications behind these new benefits are still in development, but we believe these two technologies have great potential. © Springer NatureScopus© Citations 6 21 1
