How to reduce inventory stock with advanced manufacturing
Managing your inventory is often a tricky balance of having too much in stock and not having enough. Consider how your manufacturing line or industrial enterprise could be affected by a mismanaged inventory and how advanced manufacturing will solve all these problems.
In both business cases, a majority of the inventory you’re stocking is likely related to the parts and tools of the machines you need to keep the line running and production on schedule. Just-in-time manufacturing had a surge of popularity in the early 2000’s, and in the face of a global pandemic, that business practice failed, but can your organization find the balance by implementing advanced manufacturing?
Each method has its pros and cons - and often there are other parts of the process that you didn’t know about until you're deep in the weeds. It’s a classic “you don’t know what you don’t know” situation. We’ve compiled our best thinking and case studies here for you to jump start your journey.