What is it?

Inventory management has always been a challenge for Manufacturing industries. OEM’s have to maintain a huge inventory throughout the year which incurs space as well as cost. However, with the advent of additive manufacturing, inventory can possibly be digitised and revoked whenever required, a truly just in time scenario. Companies can identify a group of components which they need once or twice a year. These components need not to be stored on the shelf for a whole year, instead, CAD model of the parts can be maintained. Once requirement arises, the component can be 3D printed and dispatched within 5-7 days. This approach saves cost and space significantly.

Benefits

• Reduction in inventory space required
• Reduction in inventory investment cost
• Improved working capital
• Just in Time approach

Application Industries