The 3D printing technology has been much hyped lately. The immense benefits of 3D printing technology can help the supply chain of the company in multiple ways. The most innovative companies have looked upon the benefits of 3D printing technology to overcome logistical challenges and optimize their supply chain. The increasing levels of customer demand have placed immense pressure on the supply chain to deliver perfection both in terms of time and quality. For instance, a few years ago consumers were okay with waiting for a week to receive their products, but now with the advent of one-day or same day delivery, fulfilling customer demand has become challenging. So what are the benefits of 3D printing technology that can help companies to meet this ever-increasing customer demand and save costs?
Want to know more about how the benefits of 3D printing can make your supply chain management more efficient?
Provides Mobility
Mobility is one of the most useful benefits of 3D printing technology. Instead of going through the laborious process of land acquisition for infrastructure, buying machinery, and managing assets, all that’s required for 3D printing is a 3D printer and some input materials like plastic, powder, and resins. One of the remarkable benefits of 3D printing is that it gives customers the power to customize their goods even with instant deliveries. E-commerce retailers like Amazon could vastly benefit with such technology that puts power in the hands of the people.
Virtual Inventory
At present, companies have to maintain an inventory of goods in terms of finished goods, in different SKU’s in various shapes and sizes. This can take up a lot of space adding to the inventory and warehousing cost. However, with 3D printers, all the raw materials are in the form of plastics and resins. So instead of keeping stock of different kind of goods, a 3D printer can instantaneously print required goods on demand. So, virtual inventory is one of the exceptional benefits of 3D printing that makes supply chain management even more efficient.
Manufacturing Aids
The manufacturing industry is intensely competitive with almost all companies following management principles like Just-in-Time (JIT). Additive manufacturing allows companies to develop spare parts, tools, and other fixtures to speed up assembly lines by developing durable and accurate parts. This is one of the extraordinary benefits of 3D printing that helps in maintaining optimum efficiency in manufacturing. For specific products, it can also hasten up the time-to-market thereby contributing to inventory turnover.
Reducing Transportation and Logistics Cost
Reduction in transportation and logistics cost is one of the most productive benefits of 3D printing. This technology allows the manufacturing processes to be decentralized. The traditional practice of having one manufacturing hub distributing the products all across the world adds to the product cost with increased logistics and transportation cost. Since 3D printers are very good at producing products even with moving parts, the assembly phase can be eliminated to save on labor and transportation cost.
How can we use 3D printing in logistics?
On-Demand Spare Parts Production: 3D printing enables the on-site production of spare parts as needed, reducing the need for extensive warehousing of spare parts. This is particularly advantageous for logistics operations where the timely availability of spare parts is crucial. By 3D printing spare parts on demand, companies can minimize inventory costs and respond quickly to equipment maintenance needs.
Customized Packaging Solutions: 3D printing allows for the creation of customized and lightweight packaging solutions. Logistics companies can design and produce packaging tailored to the specific dimensions and fragility of each product. This not only reduces packaging waste but also optimizes the use of space in transportation, leading to cost savings and environmental benefits.
Prototyping and Tooling: In logistics, the development and testing of new tools, equipment, or prototypes are common. 3D printing facilitates rapid prototyping, allowing for the quick and cost-effective creation of prototypes and custom tools. This can improve the efficiency of logistics processes and contribute to the development of specialized equipment tailored to specific logistics challenges.
Supply Chain Resilience: 3D printing can enhance supply chain resilience by providing a decentralized and flexible manufacturing capability. In the event of disruptions, such as natural disasters or geopolitical issues, local 3D printing facilities can be utilized to produce critical components or products, reducing dependence on centralized manufacturing facilities and mitigating supply chain risks.
Reverse Logistics and Product Returns: In the case of product returns, 3D printing can be employed to refurbish or replace damaged components. Instead of shipping entire products back to a central location for repair or disposal, localized 3D printing facilities can produce the necessary replacement parts, reducing transportation costs and the environmental impact associated with returns.
