Why Low Volume Is The Future(Plastic Injection Molding Industry)
Why Low-Volume Manufacturing Is the Future of Many Industries
The fact that designers and manufacturers are constantly looking for ways to reduce manufacturing cost is no news at all. Every day, product designs continue to evolve due to the flexibility and efficiency that technologies such as 3D printing and CNC machining can deliver.
These advancements in the manufacturing industry have brought about a demand for shorter manufacturing cycles, less expensive prototypes and quicker market entries. Consequently, product developers have begun to slow down on mass production, turning to feasible alternatives such as low-volume manufacturing.
What is Low-volume manufacturing? Low-volume manufacturing typically involves the production of parts in quantities ranging from 50 to 100,000 units. This manufacturing technique helps to bridge the gap between one-off product prototyping and mass production, allowing developers and designers to evaluate their product for quality control, market testing and more without expending too much capital.
Low volume manufacturing generally ensures that the transition from prototype to market-ready product is smooth. Below, we discuss the benefits of low-volume manufacturing that will have a positive effect on the industry.
What benefits are to be gained by using low-volume manufacturing? Low-volume manufacturing offers product designers and developers a lot of flexibility and cost-savings. Here are some other reasons why low-volume manufacturing is very valuable in today’s manufacturing:
Bridge production Low-volume manufacturing offers product developers the ability to gradually scale and “bridge” production gaps before reaching mass production capacity. Low-volume manufacturing helps product developers get to the market quicker and beats down on high up-front costs and time that may be associated with developing and mass-manufacturing a new product.
Risk management, design flexibility and cost savings Manufacturers across various industries will benefit from the cost-savings and risk management that comes with low-volume manufacturing. This is because no matter how functional a prototype is, there may still be need for improvements before arriving at the final product.
Low-volume manufacturing offers designers the benefit of fine tuning some aspects of their products without spending so much or greatly impacting the total order. It allows for the inexpensive production of just enough volumes to fix errors and pass corrections before bringing the product into the market, helping manufacturers to manage risk and resources.
Faster launch Time has shown that the entry of a product into a market ahead of its competition can be a great basis for its success or failure. Low-volume manufacturing can help manufacturers launch and enter new markets faster because of its production and supply chain techniques optimized for low-volume.
This lead time in entering the market days, weeks or months faster will continue to be an important criterion for success or failure and low-volume manufacturing can help designers be on the winning end.
How First Part can help you get started on your next project As the demand for low-volume manufacturing continues to increase across various production industries. First Part is ready to partner with new and existing customers to grow their businesses. We recognize the potential of low-volume manufacturing in China and how we can help to shorten your product manufacturing cycle with rapid low-volume manufacturing service. From as low as 50 pieces, we deliver superior optimized production that is repeatable, efficient and precise. Click here to learn more about our low-volume manufacturing capabilities at First Part or contact us for a free quote today!