Chapter 8, Problem 1OCQ

To determine

The definition of 3D printing and its impact on business.

Answer to Problem 1OCQ

Solution:

3D printing is the process of making three dimensional objects using digital images of them. A 3D prints is generated for the object printing multiple layers in additive manner until the whole object is created, where each layer is a horizontal slice of object which is to be made. 3D printing will impact on many factors of a business. It will impact the supply chain, products will be more customized, and it will decrease the expense on testing.

Explanation of Solution

The process of 3D printing is very different from the traditional methods; object is built layer by layer in an additive process from a digital file.

With 3D printing the products will be more local that is one does not have to wait for the raw materials. The products will be made where and when it is needed. Thus, it will impact the supply chain as warehouse and stock inventory will not run scarce.

The products will be more customized with the help of 3D printing as their models can be first generated using software programs. 3D printing will change the working process of manufacturing industries. Also, there will be less outsourcing required.

In many industries lots of money and time are wasted in the testing process. For example, in an automobile industry every product has to go through endurance test, safety test etc. With 3D printing businesses can now prototype their ideas for testing quickly and at a low price, thus creating a competitive advantage.

Conclusion:

Thus, 3D printing will change the way business are done in future.