How Digital Manufacturing Can Contribute Towards a Revolutionary Global Economy?

For centuries, the advancement and restructuring of traditional approaches to fulfill transforming demands and conditions showed their huge contribution towards development. Apart from the technological innovations in improving the speed, and reliability of large-scale production, manufacturing has its great extent of dependency on a similar fundamental procedure as it did 100 years ago. Darcy Burner, CEO of a manufacturing company, Buttonsmith Inc that develops software and systems to boost digitization in manufacturing, thinks that it is time to transform the manufacturing & production process that reconsiders how and what can be done for public utilization. 

Henry Ford: A Case Study In Revolutionary Production Methods

The Henry developed assembly-line mass production had an extreme contribution in improved efficiency. There was no longer a requirement for individual craftsmen to try their hands on every aspect of the production cycle and meticulously produce each unique item. Instead, the revolutionary production method made it possible to develop a blueprint for a product (that was an automobile in Ford’s case) and considered a systematized process to evaluate manufacture right from the beginning to finish. This eliminates the time, labor, and expertise constraints for the organization. As long as the material was available, they could remanufacture the similar item again and again to fulfill the steadily increasing buyer interest.

However, what we acquired is proficiency, we lost in product customization and responsiveness to the requirements of the customer. Large-scale production is suitable when you are producing large quantities of similar products. Customers need to trust that the mass-created products are close enough to what they need

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Putting automobiles for mass production did not just transform manufacturing, rather it changed the complete society. How we put resources into the framework changed. All of these progressions occurred in an extremely short measure of time, showing exactly how much business development could influence our way of life.

The Impact of Digital Manufacturing

There is an extensive agreement that technology has the power to bring change in the manufacturing of goods. What's more subtle, yet comparably significant, is that innovation will drive changes in what gets produced. In turn, this will have a significant impact on society at large. The accessibility of previously infrequent or expensive products will increase, enabling more people to appreciate customized items that were previously unattainable.

The transformation we are looking at in manufacturing is generally seen as a recently discovered spotlight on automation, in which we eliminate individuals from the manufacturing plant floor and replace them with machines. This insight is partly effective, but it doesn’t consider the bigger scenario. More specifically, it overlooks what happens when we shift to software-driven manufacturing (rather than conventional bespoke hardware automation). How you approach making a million identical products and how you approach making one copy of a million different products is not similar. Digital, software-driven manufacturing brings an opportunity to create manufacturing processes that can execute both tasks with equal agility.

That capacity to turn in this manner implies that, as economic situations change, the things we manufacture can also change. For example, during the initial months of the Covid-19 global pandemic, my company realized that people purchased fewer lanyards to carry ID badges for work and school. However, because of the pandemic puppies, they purchased more dog collars and leashes. These are just two examples of enormous cultural movements influencing how we manufacture and consume things. On account of Covid-19, having the option to change production on the fly could be essential to business endurance in a fast-changing environment. However, many sectors struggled to adapt quickly to outdated production systems.

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Since software-focused manufacturing can accelerate the speed of responsiveness to clients, it is possible to harness substantial benefits of the lean manufacturing notion of pull. To put it simply, manufacturers can decide to only produce when demands for an item are made, subsequently diminishing the overabundance cost and misuse of large-scale manufacturing to satisfy fluctuating demands. This way, virtually any product can be produced to order and conveyed in the exact amount of time it would take the purchaser to get a premade item shipped from a warehouse. Consequently, producers can hope to drastically lessen stock carrying costs in addition to diminished waste & risk as well as the enhanced ability to test, advance, and incorporate customer responses. In short, digital manufacturing and factory digitalization are positioned to bring a whole new era of large customization.

Difficulties

Digital manufacturing demands reexamining standard assumptions about both how and what you produce. Current practices are good for inflexible hardware, large batch sizes, and scale as essential to proficiency. But if the equipment and software can create each item individually as efficiently as you can make a million similar items, then creating precisely what's required in a single piece when the client needs it is a more productive methodology. This isn't simply swapping a slightly more automated machine in where an individual was; this is reconsidering the whole supply chain. This shift is a bit like the distinction between imprinting on letterpresses and imprinting on laser printers.

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Final Words

Ultimately, we remain on the incline of another time, with the upsides of large-scale manufacturing, as well as the exactness and customization of the craftsman era. In my opinion, there are presently two focal hindrances to advancement: a shortage of capital and an over-dependence on inheritance frameworks. This implies that numerous producers feel stuck in a never-ending circle that holds them back from putting resources into the next generation of producing software and processes.

To resolve the problem of shortage of capital, organizational leaders may need to consider new ideas. They can think about starting a crowdfunding campaign so that the willing clients can provide capital. They can also consider taking benefits of loans to invest or attempt to discover nontraditional financial backers who can access the conceivable outcomes that are opening up. I believe it's an ideal opportunity to put resources into the future and make advanced manufacturing the new establishment of our worldwide economy.

Source

https://www.forbes.com/sites/forbesbusinesscouncil/2021/08/30/how-digital-manufacturing-can-revolutionize-the-global-economy/?sh=32cc65bf7245

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