Top Advantages of Low Volume Manufacturing
With the constant progress in the technological world, product design is increasingly evolving. Both CNC machining and 3D printing are also gaining popularity in the manufacturing sector. This is due to the fact that these processes contribute to a shortening in the expected time to market of a commodity. There is also the increasing need to stand out in the crowded product manufacturing market. Both established enterprises and start-ups are gradually opting for low volume manufacturing. This is despite the grandeur that comes with mass production.
You might be wondering what low volume manufacturing refers to. It essentially encompasses a production range of 50 to 100,000 parts. We can use different tooling and materials depending on the process. Companies of varying sizes can partake in low volume manufacturing.
Here Are a Few Major Reasons To Implement Low Volume Manufacturing
Low Volume Manufacturing is Cost Efficient
A majority of people assume that buying in bulk will always save you money. This may be the case when it comes to buying household items such as toilet paper and soap from wholesalers. However, in terms of manufacturing, the materials in use are the major determinant of the cost per unit. As an example, we will look at tool steel.
Tool steel is essentially a range of carbon and steel alloy that is hard hence difficult to deform. It offers excellent resistance against scrapes and scuffs. It is normally considerably expensive to use. Companies that opt for it have to make a considerable investment when mass-producing parts. This is especially the case for injection molding, and pressure dies casting. Tool steel usually requires extra hardening for it to withstand the large-scale manufacturing process. We harden the tool steel via heat treatment or sometimes coating through physical vapor deposition.
What Factors Do You Need To Consider For Low volume Manufacturing?
By keeping this in mind, you will get to comprehend how low-scale manufacturing of up to 10,000 pieces is beneficial. It helps us avoid having to make a large investment. In some scenarios, the final component does not have to go through intense levels of stress. Therefore, it is more economical if we utilize a less durable form of tool steel. This is obviously a cheaper option. A low volume manufacturer can easily carry this out.
This process will still produce a top-notch product while at the same time-saving money. On the off chance that the tool steel begins wearing off, it is still cheaper and easier to replace it. Additionally, large-scale manufacturing companies occasionally impose a minimum order requirement. This is usually in an attempt to cover the cost of setting up and offset their heavy manufacturing investment.
Companies that undertake low volume manufacturing have lower overheads. You can also place an order without having to meet a minimum requirement. This is ideal for clients seeking the production of a part on a small scale. Low volume production is also beneficial in circumstances where the design of a commodity might change. Clients are likely to avoid extra charges that come with updating the design of a product.
Low Volume Manufacturing Gives Manufacturers Design Flexibility
3D printing, rapid prototyping, and low volume manufacturing are excellent production options due to the flexibility they offer. If a company wants to alter a product’s design, it does not greatly impact the entire order. This is because the production process is on a small scale. It gives us the manufacturer the peace of mind and the allowance of perfecting the commodity before handing it over to the consumer.
We can also further refine the product after receiving consumer feedback and produce a component in low quantities with multiple variations in its features. We can then carry out the testing of the product by using the actual buying decisions of the clients, also can achieve this by placing the different variations of the component in the market and noting which one sells more.
It also allows the manufacturer to analyze which features were more beneficial and further fine-tune the manufacture of the next batch. By meeting the customer’s demands, manufacturers can specialize in what it has to offer to meet very specific niches. Low volume manufacture allows us to save up on large sums that may have gone to waste in the form of unmovable inventory.
Low Volume Manufacture Allows for Faster Time to Market
Some market niches face stiff competition. In such a situation, the faster you get a product to the market may be the key differentiating factor between failure and success. The high competition also puts pressure on manufacturers to continuously produce top-notch products in a short time frame. Lead times are often shorter when undertaking low volume production. It also allows us at Creatingway to capitalize on short-lived fads and consumer trends.
If you have any inquiries regarding our low volume manufacturing capabilities, simply contact us today.
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