How Do AM and Digital Inventory Eliminate Your Supply Risk?
Technical Focus | 2 March 2018 | Last Updated: 21 November 2021
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 shortage!
Whether you are on the supply side and you suffer from a loss of profit, or on the demand one and feel the pain of equipment downtime, shortages certainly have heavy impacts on your company.
What is digital inventory?
Digital inventory is like a digital catalogue of all your spare parts. All the spare parts that can be additively manufactured can be stored within the digital inventory. The combination of digital inventory and additive manufacturing makes on-demand production possible. With a simple click, you can order the desired spare parts through the digital inventory when they are requested by your customers.
Then, once the digital inventory is created, what’s left is the execution of on-demand production. Here, good industrialization and standardization of the production platforms simplify the work and it becomes “Plug & Print”.
Create Your Digital Inventory with Spare Parts 3D Now!