3d printing technology enables companies to push their limits to innovate better and manage their businesses with more efficiency. Be it automotive or manufacturing — this technology is bringing the next paradigm shift. Supply chain management comes with various complex challenges that companies face in their daily operations.
Be it dealing with busy warehouses or facing the challenge of unused and unsold inventory; these problems often lead to financial losses. However, additive manufacturing is helping businesses to streamline their supply chain operations and save both money and time.
From raw material storage to managing tooling equipment to store products and additional equipment — manufacturers need to work on several things. Let’s explore how a 3d printing company can help you better manage complex supply chain challenges.
Improved Storage System
In conventional manufacturing and supply chain management, companies can improve their storage system and save substantial capital in warehouse renting. As machines and tooling equipment keep upgrading, manufacturers face challenges to store the older spare products.
However, with 3d printing, companies can opt for on-demand manufacturing and optimize warehouse storage management. As the turnaround time of 3d printing is much optimized than traditional methods, it is possible to produce parts faster upon request. When a company receives a request for single prototype manufacturing or batch production, it is easier to begin manufacturing without tooling.
Using additive manufacturing, companies don’t need to procure excessive raw material and equipment and pay upfront. In this scenario, 3d printing becomes more cost-effective than the traditional processes. This implementation is efficient for industries like automotive, medical, or robotics as companies can produce bespoke objects and optimize their storage system.
Additive manufacturing simplifies the entire storage and supply chain management with its flexible production applications. Manufacturers can eliminate excessive tooling equipment that increases the overall production cost. As 3d printed parts don’t require any additional machinery, tooling, or bulk material procurement; the production is simple to manage.
Another great advantage of using additive manufacturing is the wide range of 3d printing materials that are available in the form of spools. Compared to subtractive manufacturing, material wastage is also minimum which helps companies save more money on materials.
Manufacturers don’t need to buy or rent out expensive tooling equipment for batch production, simplifying the complete supply chain. Unlike traditional production units, 3d printing requires less workforce as most operations are automated and computer-controlled. In the medical industry, where companies need to produce bespoke prosthetics, 3d printing saves a lot of money.
For decades, manufacturers have been into outsourcing business, and as the business grows, the supply chain becomes more complex, and operations often face delays. Companies can use 3d printing to produce parts in-house to minimize their outsourcing chain to solve this issue.
With this technology, companies can have firm quality control over product designing and manufacturing. Performing design improvisation and rapid prototyping become faster with the additive process. Companies don’t plan to build their in-house additive manufacturing team; they can collaborate with 3d printing firms to pace up their manufacturing. It will help them save warehouse space and minimize outsourcing delays.
International or even regional outsourcing comes with the risk of product damage during logistics operations. 3d printing is an ideal process for overcoming this challenge as it doesn’t follow the conventional SCOR supply chain method. Companies can exchange 3d print files and begin production without any logistics loss.
Reduced Transportation Cost
Using a 3d print service for manufacturing, companies can save their transportation expenses to a greater extent. According to research, companies can cut their transportation cost by almost 85% by opting for an in-demand manufacturing model. As logistics expenses are overgrowing after the pandemic hit, 3d printing is the best approach to minimize the cost and run the business with a positive cash flow.
The ROI of 3d printing is much higher than relying on conventional outsourcing and logistics models. As we move towards Industry 4.0 advancements, customers’ demands are changing, and only on-demand manufacturing can help businesses scale their operations. With fewer transportation operations, customers can get faster product delivery, and it becomes a USP for the company to thrive online. If you are a startup and looking for cost-effective ways to manufacture and market your products, 3d printing is a reliable source to scale the operations.
More Agility in The Supply Chain
Conventional supply chains are less responsive, and there are several reasons behind it. For making the process more agile and responsive, 3d printing can act as a boon. Using this technology, companies can cut their manufacturing duration and speed up their overseas logistics. Regardless of product complexity,
3d printing is capable of making the complete process fully agile and cost-effective.
By converting the traditional supply chain into a modern pipeline, companies can take several competitive advantages and gain an edge in the market. Manufacturers can fulfill bulk orders with more responsiveness as the dependencies are minimum and logistics is streamlined.
Nowadays, companies are moving from conventional physical inventories to a remote digital inventory system. Now manufacturers don’t need to share actual samples with potential customers to evaluate the product using digital 3d CAD models. With these digital prototype models, companies don’t need to pay for the additional storage and transportation expenses.
As demand for this technology is growing, companies are offering professional 3d printing in Melbourne, Sydney, and other places to help businesses grow.
Future of 3D Printing in Supply Chain
All the above advancements are only the beginning of a digitalized manufacturing system. As this technology becomes more accessible, small business owners will also start adopting these applications to grow their reach.
From automotive to the medical and construction industry’s supply chain management, 3d printing is creating a transforming change. In the upcoming time, we will experience more such productivity-oriented applications of 3d printing technology. As companies can also online 3d printing service in Perth or any other city, streamlining the supply chain has become easier and faster. It is the right time to adopt 3d printing technology and move ahead towards Industry 4.0 advancements.
Originally posted 2021-05-17 17:41:30. Republished by Blog Post Promoter