How Can 3D Printing Transform Storage & Supply Chain Management Businesses?
3D printing is accelerating the industry 4.0 applications and driving a new paradigm shift. This technology is revolutionizing several industries, and storage & supply chain businesses are one of them. By adopting the additive manufacturing process, companies can have several benefits to scale faster. Let’s explore some of the critical advantages of 3D printing for your storage & supply chain management businesses.
Additive manufacturing enables decentralized production. Centralized mass production is no longer the only way to manufacture products. With 3D printing, small batches of customized products are easy to produce on-demand, which helps reduce waste and inventory costs. As a result, the enterprise can adopt lean manufacturing practices to reduce cycle time and optimize resources.
The image is used for illustration purposes. Karv Automation is not the owner or creator of the image. (Image Source: eMotion Tech on Unsplash)
3D printing helps businesses create products with less cost involved, especially when it comes to prototyping new products before mass production. As a result, companies can cut the overall product development costs by more than 30% while shortening the time to market.
Higher Product Customization
3D printed products can be highly customized because of the digital manufacturing process. 3D printing technology lets you produce customized products because of its ease in reproducing complex shapes and designs. Small-batch customization also helps companies engage with their customers to build strong brand relationships.
This advantage of 3D printing technology makes the complete process more agile. It lets companies develop products faster to remain competitive in the market. In addition, compared to conventional manufacturing technologies, 3D printing is more efficient for product testing and quality control.
Companies had to rely on different suppliers for components and parts in traditional manufacturing. It increased the complexity of the supply chain and often resulted in delayed deliveries and higher costs. 3D printing helps reduce this complexity by allowing businesses to print all the required components in-house. With fewer suppliers, companies can improve their delivery time and ensure better quality control.
3D printing technology also helps businesses drive more efficient storage and supply chain management. By reducing the dependence on outside suppliers, companies can streamline their processes and make them leaner.
Communication between suppliers and manufacturers was often arduous in a traditional manufacturing setup due to extended supply chains. Typically, information travelled via one-to-many communication channels that hampered the speed of delivery.
3D printing for production enables better communication by shortening the supply chain length. In addition, it helps establish direct contact between suppliers and manufacturers. According to industry studies, 3D printing allows companies to cut supply chain costs by 6% to 30% while improving their margins by at least 5%.
Rationalize Inventory and Logistics
Inventory and logistics can be a huge cost for businesses, especially regarding perishable or slow-moving items. In addition, the traditional approach of storing large quantities of inventory in anticipation of demand is no longer feasible in the age of 3D printing.
3D printing helps businesses reduce inventory by producing products on-demand through CAD files. Ultimately, it reduces the storage space required and eliminates the need to stockpile components and parts. In addition, 3D print technologies help companies reduce their delivery time and optimize their transportation costs.
3D printing technology helps businesses optimize their warehouse operations. By using 3D printers, companies can eliminate the need for extensive warehouses. As a result, companies can operate with a small team in the warehouse and better use the available space.
In addition, 3D printing helps companies improve their order fulfillment times by reducing the time it takes to process orders. As a result, it increases customer satisfaction levels and helps businesses retain their customers.
Future Of 3D Printing in The Storage & Supply Industry
Additive manufacturing is changing the way businesses operate, particularly in storage and supply chain management. By adopting additive manufacturing, companies can enjoy several benefits that let them scale faster, reduce costs, and improve their customer satisfaction.
The future of 3D printing in the storage and supply industry is set to revolutionize how businesses develop products, reduce inventory costs and improve production efficiency. As online 3D printing service is getting more affordable and accessible, more small-scale companies can use it. It would enable them to develop products and test prototypes faster than their competitors.