This is Athul Kumar A and
iam quite interested in this topic called 3D printing technology and this
interest came when I heard a about it in a online course where it said that
this technology helped people in a country (I don't remember the name) to produce
mask at almost zero variable cost per unit during the COVID-19 pandemic in
march which helped them provide mask to everyone at very minimal cost
compared to the original one. so now i read this article about Just in time
supply chain model and how it is made practical by some companies,
The ongoing drive for profitability and competitive advantage
has led companies to increasingly adopt ‘just-in-time’ supply chain models,
eliminating the need to maintain vast and costly inventories. As a result,
businesses can produce products faster, more cheaply and more efficiently than
ever before. But this increased productivity has come at a cost. The process of
paring back operations and stripping out all but the most essential redundancy
has left supply chains vulnerable to supply interruptions – as was clearly, and
dramatically, highlighted by the COVID-19 pandemic.
One likely outcome is that manufacturers will increasingly
explore ways to work with suppliers closer to home Supply chains are
globalized, even for small to medium sized businesses. This additional
complexity to supply chains leaves them more susceptible to disruption in times
such as these. The other factor is that, as previously mentioned,
‘just-in-time’ supply chains are great for lean manufacturing, but
‘just-in-time’ does mean that there are fewer buffers to safeguard against
disruption. Even a single supplier closure can have a huge trickle-down effect
that can shut down assembly lines.
Ideally, businesses should
develop plans to enable them to source essential parts from different regions
(both local and overseas). However, this can be tough to do for lower volumes.
This is where newer technologies, such as 3D printing and quick turn PCBA
manufacturing, enter the frame, as they can be a viable backup solution for
many components.
Even before COVID-19, many companies were already using additive
manufacturing for spare part production. These include major players in the
defence and rail industries where there are high barriers for approval, as well
as in aerospace for maintenance and repair. Additive manufacturing eliminates
the need for expensive tooling, enabling designers to print low-volume
production parts on demand to the exact specification and in the exact numbers
required – reducing wait time and safeguarding against external disruptions.
Using digital inventories of spare parts, manufacturers can deploy a
decentralized production model by 3D printing digital part files directly at
the site where it is needed. The ability to print parts on demand in this way
can significantly reduce companies’ inventory burden – which, as we have
already established, is key to driving down supply chain costs.
3D printing really made it easy to make anything! Printing has also increased in scale where we also have 3D Printers making houses !! It does definitely relive the companies on stocking inventory.
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