Additive Manufacturing Cost Minimization Techniques: Successes, Challenges and Future Growth in Supply Chain Management
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The competiveness in manufacturing, coupled with the need to reduce cost and manufacture of smaller or fewer, sometimes complex components has accelerated the growth of additive manufacturing in recent years. However,there is need to determine how the cost in additive manufacturing can be brought down. This research provides an updated estimate of the value of goods produced. It then provides the instances where this technology is effective through economies of scale. The research further provides approaches for examining and testing the cost models and benefits of the technology from monetary view and resource consumption view point. It therefore shows that additive manufacturing can be cost effective system in supply chain management.
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