“3D Printing in the Supply Chain Market – Global Industry Trend Analysis 2012 to 2017 and Forecast 2017 – 2025” is the latest addition to MarketResearchReports.Biz industry research reports collection.
The global 3D Printing in the Supply Chain Market, which is extensively assessed in the report contemplates the best need development angles and how they could affect the market over the figure residency under thought. The experts have taken careful endeavors to thoroughly evaluating every development factor of the 3D Printing in the Supply Chain Market, other than indicating how certain market restrictions could represent a danger to players in the coming years. In addition, the report additionally gives data on top patterns and openings and how players could take advantage of them to take up the difficulties in the market.
The efficiency-enhancing benefits of 3D printing/additive manufacturing can deliver many quantifiable advantages for supply chain managers.
The efficiency-enhancing benefits of 3D printing/additive manufacturing (AM) can deliver many quantifiable advantages for supply chain managers. Previously, I talked about its ability to simplify the supply chain via the production of complex parts. Another key aspect of AM that can deliver even more significant efficiencies within supply chains, is its ability to enable the use of virtual/digital inventories. This is quite literally the ability to access and pull parts from a digital (rather than physical) inventory and effortlessly 3D print them anywhere at any time in the exact quantity desired. The digital inventory can be stored on a local disk, in a central disk or even in the cloud.
This has several positive implications, such as cost savings that arises from eradicating the need for large physical inventories. Let’s face it, physical inventory is the weak spot in any supply chain; it has no benefits beyond the availability of parts and is a burden for companies to pay large sums of money in order to maintain it. From a logistics perspective, using AM with virtual inventories cuts out the headache and costs of balancing excess and shortages in physical inventory at individual locations. Indeed, the logistical benefits are even greater as virtual inventories simplify and streamline the distribution network at the geographic level. Think about it – there’s no longer any physical inventory, which means the traditional central-to-region-to-local distribution model is eradicated, as is the need to do projections, which have to be exact, lest the company suffers from more delays and more costs. In contrast, working digitally takes no time at all and is much cheaper.
Within the supply chain itself, the efficiency-enhancing benefits of additive manufacturing can deliver many quantifiable advantages for supply chain managers.
Most people have heard about 3D-printing and its industrial application: additive manufacturing (AM). The mainstream media has occasionally highlighted the technology’s more off-the-wall and outlandish applications, but in the industrial world, AM is impacting companies several sectors. This affects those companies’ supply chain as well. Indeed, within the supply chain itself, the efficiency-enhancing benefits of AM can deliver many quantifiable advantages for supply chain managers. Each advantage, from simplifying processes, through reducing bottlenecks to ultimately decreasing costs is a column in and of itself, but here I’ll just give a taste of the technology’s timely relevance for supply chain managers.
Current geo-political trends are very much in sync with AM — especially when talking about cross border trade and governments’ efforts to increase local manufacturing. Physical parts held up in transit are a threat for just-in-time production and local manufacturers.
Even companies with the best-laid plans for supply chain digitization often struggle to achieve their goals, and recent Capgemini research provides some insight into the various factors holding some businesses back. The study, which suggests that many businesses remain stuck in the planning phase of digital transformation, offers several useful takeaways.
Released in December, “The Digital Supply Chain’s Missing Link: Focus”report surveyed more than 1,000 supply chain executives in the consumer products, manufacturing, and retail fields.
Key Survey Takeaways
The opportunity for cost savings was the primary motivator for the executives interviewed, with 77% saying that this impacted their decision in aiming to digitally transform the supply chain. Increasing revenues (56%) and supporting new business models (53%) were also cited.
In Influencers Roundtable, we bring together voices from consulting firms to share how they perceive various emerging technologies. The answers below have been edited for clarity and length.
The rise of 3D printing has not gone unnoticed in the supply chain.
Companies like HP, Boeing and Adidas are using it to make niche parts or reduce their lead times. Others, like UPS, are setting up business services around the tech, so companies can outsource startup costs.
The technology has been around for years, so what it so popular now? We asked consultants:
What is the business case for 3D printing in the supply chain?
LINK3D, a New York-based 3D printing software provider, has launched its Post Processing Management Technology for additive manufacturing at Formnext.
Contributing to the company’s Additive Manufacturing Execution System (AMES) & Additive Workflow Software, the Post Processing work management and scheduling tools are designed to optimize downstream manufacturing processes within a 3D printing supply chain.
“With dynamic routing and smart scheduling algorithms, Link3D aims to drastically improve the operational efficiency of additive production, particularly for OEM’s looking to adopt series production,” said Vishal Singh, Co-Founder and CTO of Link3D.
3D printing is going beyond prototyping to help transform the customer experience.
When you think of innovations that 3D printing has brought to the supply chain, dentistry might not be the first industry to spring to mind. But 3D printing is revolutionizing the manufacturing of custom transparent orthodontic braces and transforming the customer experience.
Stereolithography (SLA) 3D printers are used to create Align Technologies’ patient-specific Invisalign aligners. Every day, 3D printing is used to produce 150,000 custom molds based on a 3D digital model of a patient’s teeth, around which their braces are formed. These digital methods bring speed and agility to the process, which is made even more efficient by printing multiple molds simultaneously.
In many ways, the supply chain has always existed as a fluid, evolving system. It has a long history, and is also a necessary component of our modern economy. Although it’s easy for a supply chain manager to become accustomed to the nuances of the current supply chain, it’s wise not to get comfortable — there are plenty of major disruptions ahead.
5. 3D Printing
It wasn’t long ago when the current generation of 3D printers was seen as nothing more than niche products. The small size of the hardware, coupled with low quantities of raw materials, relegated these devices to custom products and small production runs.
But times are changing. GE already has a plan to 3D-print 40,000 jet fuel nozzles by 2020. They’re so confident in the future of 3D printing that they’ve invested $1 billion into the technology in 2016 alone — and they’re planning to invest another $1 billion over the next few years.
Other brands — from nearly every industry imaginable — are also exploring 3D printing. UPS is in the midst of launching more than 60 facilities across the U.S. to fulfill a new parts-on-demand printing service.
Every day brings with it news of innovative ways that 3D printing is being used, the amazing things that it can make, and how it will transform our world beyond all recognition. There is talk that it will radically change supply chains, from eliminating the need to store spare parts and having 3D printers in car service centres, to more fantastic claims of solving sustainability issues.
Despite 3D printer sales growing at around 25% per annum, hinting that it is having a significant impact in how things are made, 3D printing is not yet generally used in manufacture. It remains an interesting tool for making things, intriguing and enigmatic for many businesses, wondering how best to meet their customers’ needs.
Technology-enabled processes are providing manufacturers a bird’s eye view of the entire supply line. This comes with its benefits and challenges
Location is no longer an indicator of taste—whether in the food you eat, the clothes you wear or the furniture you buy. It is not outlandish to demand guacamole in Mysore, distressed jeans in Bikaner or an IKEA sofa in the heartland of Matheran.
This is at least partly because the processes that used to frame the production of a good—whether a pail of paint or a bottle of antiseptic lotion—are no longer limited by their proximity to material, the ready availability of freight-fit highways or the closeness of distribution centers. Increasingly beholden to customer’s changing tastes, they are instead moving continuously outward to include more functions that render the modern supply chain more global, complex and diverse and yet also more agile, efficient and productive.
Actively driving this trend forward is technology. Dominated by big data, cloud and IOT, technology-enabled processes are providing manufacturers a bird’s eye view of the entire supply line that is at once far more comprehensive in its reach as well as far more detailed in its scope simply due to enhanced visibility.