While exact estimates are hard to determine, market analysts agree with the fact that spare parts manufacturing is a multi-billion-dollar industry – given the fact that it spans different vertical industries, some of them being crucial to the growth of Additive Manufacturing.
When one looks at the capital cost required to carry inventory, the administrative and insurance burdens related to that inventory, the “stock risk cost” or even the transportation costs, the idea of no longer storing any physical parts and producing them only where and when required rapidly becomes attractive.
If AM can be a great enabler of a digital inventory, one should remain cautious about its ability to address the supply chain challenges of a given industry. Indeed, organizations that consider pivoting towards a spare parts business model should be able to make strategic decisions that are not limited to producing on demand with AM, at various locations.
The next Additive Talks session ambitions to go beyond the use of AM as an opportunity to focus on the strategic steps to consider in a successful AM spare parts business.
Entitled “How to ensure a pragmatic use of AM across the digital supply chain”, this second episode of Additive Talks, will take place on Wednesday, April 24th, from 03.30 pm to 04.30 pm Central European Time (from 9.30 am to 10.30 am New York Time).