3D printing can potentially reduce the cost of MRO parts
3D printing has taken the world by storm. Newspapers and magazines have dedicated yards of print space on the advantages offered by this innovative technology.
Essentially, 3D printing is a process of making three dimensional (3D) solid objects from a digital model. The methodology uses an additive process, where successive layers of material are laid down in different shapes.
This technology is being increasingly used across many industries to build product prototypes.
Now, how effectively this technology could be used for manufacturing of MRO (Maintenance, repair, and operations) parts?
The MRO parts manufacturers outsource production of mold/patterns and tools to third-party manufacturers. This has the potential to increase the overall cost of production.
The cost of production has a direct bearing on the price of the product. The increase in cost of production would in turn be transferred to the buyers of MRO parts.
However, adoption of technologies like 3D printing would help suppliers to reduce the production cost of molds without compromising on quality of the end product. Using this technology, the buyers can also backward integrate through in-house mold making and rapid prototyping.
During the webinar scheduled for June 11, Senior Research Analyst Abhijeet Choudari would highlight how 3D printing would help reduce the cost of MRO molds.
Key Take Away from the Webinar
- Insights on 3D printing technology application in different end-user industries
- Impact of 3D printing technology adoption on an organization's supply chain (Case-based Scenario)
- How category managers can control overall cost of procurement using this technology
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