Cost Model within a Digital Planning Twin

 

According to Aaron Berg, VP of River Logic Strategy, the Digital Planning Twin, specifically within River Logic’s system, is distinguished by its meticulous cost modeling approach. In crafting a comprehensive plan for production volume, a key concern is predicting the resultant financial outcomes.

This necessitates a detailed breakdown of costs into their essential drivers within the business structure. Rather than providing a fixed cost, this approach involves specifying raw materials, considering procurement options, and accounting for various cost implications tied to different vendors.

Additionally, it encompasses production-related costs like electricity, packaging, and labor, with a nuanced understanding of labor costs tied to specific work centers and production throughput. The result is a tool that not only forecasts costs accurately but also offers insights into optimizing shifts, overtime, and inventory, ensuring economic fidelity in planning and decision-making.

Recent Episodes

The HVAC industry is evolving, and with it, the roles within the sector are expanding beyond traditional boundaries. Amid rising tuition costs and strong demand for skilled labor, young people are increasingly choosing trade schools over a traditional college education. With such a shift highlighting the need for a more diverse workforce, the questions…

In an industry grappling with unprecedented changes, from liquid cooling innovations to bridging labor gaps, the HVAC world is evolving rapidly. With sustainability and efficiency becoming central themes, it’s a critical moment for rethinking solutions and workforce development. The stakes are high—data centers alone, for instance, are expected to account for 3-4% of global…

In this episode of Inside Restoration & Recovery, host Martha Lewis sits down with Cole Coulson, Vice President of Sales for BMS CAT, to explore the company’s front-line efforts during the recent Southern California wildfires and share practical guidance for property owners facing disasters. Cole opens by recalling his first moments on the ground…