Digital inventory: How 3D Printing will decrease your supply risk to zero ?
Technical Focus | 2 March 2018
Supply chain is the result of a thin balance between offer and demand. Inventory levels are defined through a trade-off between demand, supply lead time and the level of acceptable shortage risk to minimize the overall costs. However, most of these optimized models are based on demand predictions which by essence are false.
So, what’s the worst nightmare of every supply chain manager? Of course, it’s the shortage!
Whether you are on the supply side and you suffer loss profit or on the demand one and feel the pain due to equipment downtime, shortages heavily impact your company.
Building this digital spare parts catalogue starts from reverse engineering (when needed) and encompasses the definition of raw materials and production system used, production instructions and tests for qualification.