What Is Digital Manufacturing And How Can Companies Benefit From It?

MEDIA & INSIGHTS

What Is Digital Manufacturing And How Can Companies Benefit From It?

Technology has reshaped the vision of manufacturing. Services aren’t the only commodity sold in today’s metaverse. You can manufacture too. Pandemic shifted digital buying and selling, bringing us to the terms digital manufacturing.

Person working on metal

If you’re a business professional or part of a manufacturing firm, you must have come across this term. It’s how businesses are harnessing their manufacturing process. Wondering what it is? And how can your business benefit from it?

Let’s hear from the industry leaders:

What’s All This Rage About Digital Manufacturing?

Digital manufacturing, to simply put, is the application and use of digital technologies such as hardware and software to the manufacturing procedures. This term emphasizes that manufacturing begins with conceptualization and designing stages, unlike manual manufacturing.

Essentially, when you’re manufacturing digitally, you first start with prototyping the product and proof-of-concept stages. Until the prototypes and concept proofs are accepted, you can’t move ahead with actual product manufacturing for the end-user.

Digital manufacturing is a broader term reflecting how traditional manufacturing can become leaner and better. Hence, the growing digital applications to include monitoring and servicing in the process.

Digital tools such as software allow designers to create a virtual version of their products. That is, then tested and reviewed in virtual and augmented reality. The parts of each product are electronically sourced through cloud service, and these components are monitored and tracked across the supply network to improve product quality.

How Does Digital Manufacturing Benefit Companies?

Since its inception, digital manufacturing has expedited the industry 4.0 revolution. This new method of manufacturing is a game-changer. Here’s how:

Operational Efficiency

Since manufacturing is a cost-adherent operation, businesses need to expedite and achieve maximum efficiency. Digital manufacturing makes this possible by boosting the operational efficiency of businesses which eventually improves processes at later stages.

Departing from manual and traditional paperwork to deploy cloud-based and automated solutions streamlines processes for businesses. This way, they can access analytics, avoid redundant activities, reduce downtime, improve decision-making and ultimately deliver better and timely products to end-users through detailed digital representations.

Innovation Boost

It’s worth investing in digital manufacturing tools and applications because of all the right reasons. Incorporating state-of-the-art technology such as metal 3D printing, 3D modeling, machine learning, new, improved analytics, and overall digital infrastructure is one way to achieve high-power working employees.

If you invest in the right software tools, you eliminate silos and achieve collaboration across the supply chain. This way, your business also achieves high responsiveness across each channel.

Cost Reduction

Reducing cost is the ultimate goal of every business. Unlike traditional manufacturing, which involves paperwork and manual prototyping, digital processes reduce cost. You don’t need to consume limited raw material and components on building prototypes or product proofs. You can eliminate costs because you have better insight into your supply chain issues.