Impact Of Technology On Business 1
Impact of Innovative Technology on Business - 3D Printing
Impact of Innovative Technology on Business - 3D Printing
Research undertaken by Singhal and Hendricks [1] indicated that when disruptive events occur within manufacturing supply chains they can have significantly adverse effects on shareholder value often resulting in share price losses of up to 25%. This research, Figure 1, shows the main types of events which cause particularly significant effects. These detrimental effects on stockholder value occur regardless of the company’s size, industry and/or growth prospects.
Modelling series-manufacturing
Effective series-production demands that the market and production trends causing these problems, see Figure 2, can be successfully responded to. However, the maturity of AM-based systems is such that they are unable to do so.
Hence, most of the problems listed in Figure 1 already occur. In series-production AM environments they would be more frequent and their effects more severe. The evidence indicates that not having the ability to provide solutions to these issues could have devastating economic consequences.
At an operational level this can result in serious loss in throughput and reduced customer service levels, higher cost, longer lead times, poorer delivery reliability and the inability to undertake product design innovation, and enter new markets quickly and in the most cost-benefit direction. At a higher level permanent loss of customers and/or business failure can result and company growth can be seriously restricted if not halted for good. A major business opportunity, therefore, exists to ensure that many companies can successfully establish cost, quality and delivery effective series-production systems and, therefore build and sustain higher levels of competitiveness in turbulent market conditions.
The project will develop, build and validate a novel bead deposition nozzle technology that is able to change the shape and size
Impact of Innovative Technology on Business - 3D Printing
Research undertaken by Singhal and Hendricks [1] indicated that when disruptive events occur within manufacturing supply chains they can have significantly adverse effects on shareholder value often resulting in share price losses of up to 25%. This research, Figure 1, shows the main types of events which cause particularly significant effects. These detrimental effects on stockholder value occur regardless of the company’s size, industry and/or growth prospects.
Modelling series-manufacturing
Effective series-production demands that the market and production trends causing these problems, see Figure 2, can be successfully responded to. However, the maturity of AM-based systems is such that they are unable to do so.
Hence, most of the problems listed in Figure 1 already occur. In series-production AM environments they would be more frequent and their effects more severe. The evidence indicates that not having the ability to provide solutions to these issues could have devastating economic consequences.
At an operational level this can result in serious loss in throughput and reduced customer service levels, higher cost, longer lead times, poorer delivery reliability and the inability to undertake product design innovation, and enter new markets quickly and in the most cost-benefit direction. At a higher level permanent loss of customers and/or business failure can result and company growth can be seriously restricted if not halted for good. A major business opportunity, therefore, exists to ensure that many companies can successfully establish cost, quality and delivery effective series-production systems and, therefore build and sustain higher levels of competitiveness in turbulent market conditions.
The project will develop, build and validate a novel bead deposition nozzle technology that is able to change the shape and size
References: [1] Singhal, V.R. and Hendricks, H, 2009, “Quantifying the impact of supply chain glitches on shareholder value”, SAP White Paper, Georgia Institute of Technology Atlanta, GA 30332. [2] Jacobson, S., Shepherd, J. et al “The ERP Market Sizing Report, 2006–2011”, AMR Research, Inc. Boston, MA 02110, Ref: AMR-R-20495 Note: Additive manufacturing statistics have been generated through analysis of data provided by Wholer, (2011 Wohlers Additive Manufacturing and 3D Printing State of the Industry Annual Worldwide Progress Report) and discussions with Stratasys sales and reseller organizations.