Applications
Three Financial Reasons for a 3D Printer
#1 - The High Cost Of Poor Communication
Changes due to poor communication become exponentially more costly with each step in the design and engineering processes. But Dimension 3D printers enable everyone involved to review as many design iterations as necessary in the earliest stages when changes are less expensive.
A modest engineering change in the Proof of Concept phase can become 10,000 times more costly to fix when the product is in the field.
#2 - Changes Cost More Over Time
Most critical product design and specification decisions are made during the first 10% of the design cycle or at the concept stage. These decisions can affect almost 80% of the product’s total cost by establishing material selection, manufacturing techniques, and longevity of the design.
3D printing enables management, engineering design teams, manufacturing, field service, marketing, purchasing, and vendors to offer firsthand input based on durable, functional ABS concept models that can be produced quickly and efficiently.
#3 – Late Products Mean Less Profit
Speed to market is a significant competitive advantage. A recent McKinsey & Co. study suggests that if a product is late to market by six months, it will have lost up to 33% of its potential gross profit over its life cycle. With little time for error, the design process can be faster and more efficient through the use of 3D printing.
