Making a step change in the management of spare parts is a significant benefit of 3D printing, promising to revolutionise logistics and supply chain networks. Oliver Wyman sees this as already happening!
The race is on to use 3D printing to produce small-series parts, on demand and on location, for industries from aerospace to automotive. At stake is the shape of a $400 billion market for spare parts manufacturing and logistics. And those changes are not 20, or even 10, years out — they are happening now.
Using models built through computer-aided design (CAD), 3D printing can produce virtually any solid object, even those with complex architectures, and in a range of materials, including plastic, ceramic, and metal. Currently, about half of 3D printing — also known as additive manufacturing — is used for prototyping. This saves manufacturers time and money, because they can develop new components or products on-demand, with less waste and without expensive tools and molds.