How 3D Printing can reduce Inventory Cost?

How 3D Printing can reduce Inventory Cost?

The 3D Printing revolution impacted a lot of industries and created a significant disruption in the supply chain. The transformation is tangible and anticipated to impact the supply chain positively. 

 

One of the finest inventions in the supply chain is Henry Ford’s assembly line, and many experts believe that 3D Printing would also create a similar impact. 

 The development of 3D Printing is rapid, promisingly as a future-proof solution to generate brighter, cheaper, and performance end-use parts.  

Inventory costs are huge in warehousing the components, and sometimes it takes years to churn the product from the inventory. 

 

One of the most critical parts of a digital supply chain is inventory cost control, and it can result in lost income, overstocking of products, and even financial difficulty. Your company may suffer short lead times, delays, and downtime due to item deliveries.

 

3D printing technology reduces inventory costs, improves lead times and reduces downtime by not needing to manufacture products on-site. This digital supply chain provides better quality control, less risk, and fewer errors than traditional manufacturing processes. More importantly, it’s faster and cheaper to create new designs and production parts virtually in real time, keeping your company competitive.

 

What is a way to reduce the cost? 

3D Printing would be the best alternative solution to overcome existing inventory management costs. 

 

Manufacturers can establish in-house, on-demand 3D Printing facilities to work seamlessly or build with a 3D Printing service bureau. It is believed that at least every three in four companies will embrace 3D Printing for spare parts and adopt this technology in the next couple of years. 

 

A key objective of 3D Printing is on-demand spare parts production instead of inventory management. Industries can save massive money as we can manufacture the exact quantities needed. Also, this indicates no cost on wear and tear of parts in warehousing and material handling. 

 

Benefits of 3D Printing spare parts include reduced lead time, saved cost, increased customer satisfaction and competitive advantage.


After all, engineers in this manufacturing should keep
quality standards to bring desired parts.

Explore here How we bring high-quality custom plastic parts? 

 

Modern enterprises are rapidly using 3D Printing to minimise inventory costs, and lead time (from design to production), eliminate downtimes, and boost productivity.

 

Some of the key companies which have adopted 3D Printing for spare parts include – BMW, BenzWhirlpool, and Siemens.

 

Amuse maintains a dedicated digital library of data-prepared files to 3D print-on-demand  for our clients. We have manufactured more than 1000 parts on-demand in the quickest possible lead time,” says Praveen Balaji, Chief Technical Officer at Amuse.

Join Amuse to benefit from the inventory cost-cutting for any spare parts.