On-demand manufacturing – bringing revolution in the spare part industry
3D printing has transformed the spare parts industry.
Additive manufacturing is the game-changer as it helps in many crucial facets of your company. Customized and on-demand production as well as the upkeep of a digital inventory of spare parts are the main benefits of 3D printing in the spare part industry. Additionally, it shortens the supply chain, lowers warehouse expenses, aids in higher production values, lowers labour costs, and many more.
Using 3d printing spare part company’s workflow is streamlined and efficient. It presents a chance to develop a better business strategy and switch from producer-to-stock to produce-to-order production. Since additive manufacturing offers customized solutions and lowers tool requirements, on-site and on-demand production is been made possible. All these benefits have made businesses depending on spare parts adaptable.
In this blog, let us know how 3d printing, basically providing on-demand manufacturing, has brought a revolution in the spare part industry, but first, let us know the challenges in the spare part industry.
Major challenges in the spare parts industry
Inventory maintenance
Maintaining and storing spare part inventories is very difficult for suppliers throughout the industry. The high operational expenses required to manage the inventory have a significant impact on the profit margins. Labor costs make up a sizable portion of the administration’s expenses. Reduced inventory costs and higher bottom-line profits are two benefits of 3D printing for businesses.
High cost
The customer’s wallet takes a hit when purchasing spare parts because production and operational costs are high. The majority of costs are related to material costs, inventory costs, warehouse upkeep, turnaround time, etc. By incorporating 3D printing into their processes, they can offer more reasonably priced and durable products.
Increased turnaround time
Sometimes the designs of the spare parts are so complicated that local manufacturers must rely on foreign suppliers, which has a significant impact on the operational process and results in late production or delivery of the parts. The hampered manufacturing process undermines the entire enterprise. As a result, manufacturers are turning to 3D printing technology because it takes less time and produces precise spare parts close to where they are located.
Wastage of materials
Material is wasted a lot when manufacturing spare parts using conventional methods like milling and casting. Only 30–60% of the material is used for planning and manufacturing, and the remaining 70–40% is discarded. However, because 3D printing reduces waste by 95%, businesses are able to take on large projects, reduce production costs, and budget-friendly parts.
3d printing helps in overcoming these challenges by offering on-demand and fast production of spare parts.
Ways in which on-demand production aids the spare parts industry
Rapid prototyping facilitates fast product development
For on-demand production, rapid prototyping is essential as it helps in the rapid designing and development of the parts. Rapid prototyping is a major focus in the spare part industry because it saves time and money. It is anticipated that the combined value of the two industries’ collaboration will increase by up to 25% and close to $7 billion. Major corporations like GE Aviation, BMW, Whirpool, Jaguar, and others have all made investments in 3D printing technology.
Reduced production time
The durability and condition of spare parts are improved by 3D printing, and the manufacturing process is also expedited. The design of the parts is well-defined and pertinent to the executor. As a result, high-quality and numerous parts can be produced on demand in less time.
Improves supply chain
It supports local component production by manufacturers and decreases the dependability on overseas suppliers. This facilitates prompt, quick, and affordable delivery.
Conclusion
The best business to work with when looking for 3D printing solutions is Incredible AM Pvt Ltd, a venture of IMP with years of experience. Incredible offers services of unmatched quality and is efficient enough for bulk manufacturing of spare parts on demand. Our state-of-the-art facilities in Pune make it the best place for availing 3d printing services and products in India. Customers’ needs are the company’s driving force, and as a result, it gives them a precise, reasonably priced, and high-quality product.
