Driving Innovation and Growth Through Distributed Manufacturing
Global economy is growing, the US is witnessing the recovery of the manufacturing industry, and everyone is looking for ways to continue this growth trend and keep a consistent mindset of constant innovation. To maintain growth in the manufacturing industry, traditional business models should be examined carefully. Historically, manufacturers have employed or owned dedicated factories to create convenient supply chains for their clients. With this traditional manufacturing model, the capabilities of a company are limited to the talent of their employees and their budget. Over the next decade, the industrial sector will develop into a network of connected factories, manufacturers, distributors, and consumers to achieve the ultimate level of efficiency. This method of distributed manufacturing brings innovation and power of many factories together to create highly efficient supply chains.
There are 4 main factors when it comes to refining the distributed manufacturing model: cost, quality, speed, and impact. Manufacturers want to know how much money will be saved, how fast products will go to market, who will produce the highest quality products, and how large of an impact they will have on the economy, environment, and industry. With distributed manufacturing, products can be manufactured closer to their final destination, reducing the cost of logistics and storage as well as the impact on the environment. This also shortens the time from production to sale. Manufacturers can also support several smaller, local economies by distributing production. By leveraging the power and expertise of a larger remote network, manufacturers are no longer limited by location or labor costs. Through distributed manufacturing, workloads may be distributed across multiple suppliers, reducing risk and improving efficiency.
Over the next several years, large manufacturers will make the shift from traditional manufacturing to distributed manufacturing in an effort to improve speed, efficiency, and quality of production and remain competitive in the manufacturing industry. Opening up the supply chain to a larger network of connected factories will reduce time, money, and excess capacity, and strengthen the economy. For more information on manufacturing and distributing industrial products, contact the experts at Dynamic Design Solutions, Inc.