Renault, Cosmo Tech, and Prescriptive Simulation Twins
Renault approached Cosmo Tech at a critical moment for the company.
“When we started working with Cosmo Tech, we had no global visibility on the impact of the decisions we were making when developing our strategic plans while facing CAPEX constraints.” explains Goutierre.
Cosmo Tech’s Digital Twin technology allows companies in the world’s most complex industries to model and simulate their operational and strategic systems. These simulations take into account all of the constraints of a business, including the CAPEX budget constraints.
Thanks to Cosmo Tech’s Prescriptive Simulation Twins, Goutierre and his team were able to rapidly gain visibility at the plant level and develop a plan to effectively manage their assets. At the company level, too, Cosmo Tech’s digital twin helped Renault develop a holistic strategy.
Discover more about Cosmo Tech Prescriptive Simulation Twins and asset obsolescence management here.
“At a global level, this tool provided tangible knowledge of how we can ensure the robustness of our strategy, knowing what the budget amount and the timing should be,” says Goutierre.
By modeling and simulating their asset obsolescence management strategies and using Cosmo Tech’s Digital Twin technology to develop an optimal asset management strategy, Renault was able to generate enormous returns with real bottom-line impact.