Companies around the world have leveraged 3D printing—also known as additive manufacturing —to create innovative packing materials, jigs and fixtures, and end-use parts. 3D printed products solve a wide range of problems, from filling supply chain gaps to reducing cost and weight of parts, so. it’s no surprise that engineering and manufacturing facilities are the main adapters of this technology. They have unique needs that 3D printing services address. Is the Device-as-a-Service (DaaS) model the right deployment strategy for this technology?
What Is DaaS 3D Printing?
The device as a service model offers a new approach that procures and deploys 3D technology. In a DaaS arrangement, the provider owns the equipment and takes on the operating costs and risks. The customer pays a monthly service fee for access to the equipment and support services.
Why Is the DaaS Model Ideal for 3D Printing?
One could argue that there are several other business strategies to leverage 3D printing. So, what makes the DaaS model the ultimate solution for some?
The Unique Supplies 3D Printers Need
HP 3D printers use a variety of consumables, including powders, lamps and filters. These materials are essential for the proper operation of the printer and need regular replacement. In addition, 3D printers require a steady supply of electricity and often need a computer or network connection. DaaS providers make sure that customers understand the costs of operating equipment and have access to everything they need.
The Technical Know-How Necessary to Optimize 3D Printing
3D printing is a complex process that requires a high level of technical expertise. Top DaaS providers have teams of experts who are well versed in the latest printing technology. These professionals optimize the print process for each customer. This level of expertise is not easy or inexpensive to come by, so having professionals at the ready is an invaluable asset.
The Need to Keep Up with the Competition
New players in the engineering and manufacturing sectors continue to emerge and carve out niches in the market, so companies must stay one step ahead of the available 3D technology to remain competitive. In fact, 81% of manufactures use 3D printing as part of their product development processes. When a company outsources the upgrading and modernization of devices to a third party, this solves a costly problem.
What Advantages Does DaaS Bring to the World of 3D Printing?
In this business climate, there are many advantages to a “pay-as-you-go” business model when the focus is on outcomes. Paying on a usage basis puts the focus on your business results rather than equipment or transactions. HP 3D as a Service (HP 3DaaS) allows manufacturers to gain new levels of cost predictability with the flexibility to scale their businesses as they grow.
Here are some benefits DaaS brings to the table:
Frees Up Capital
The DaaS model helps organizations access capital they would otherwise tie up in 3D printers and the maintenance contracts necessary to keep them running. This can help an organization redeploy resources to other business areas or take advantage of early-payment discounts from suppliers.
Simplifies Budgeting
With a DaaS arrangement, budgeting for 3D printing becomes much more predictable. The customer knows exactly how much to pay each month and can plan for it..
Mitigates Risks
Another significant advantage of DaaS, the customer can return the equipment at the end of the contract and upgrade to the latest model. This flexibility is not possible with a traditional purchase-and-asset-management system.
Improves Efficiency
The DaaS model also helps organizations keep their design and quality control on schedule. By outsourcing the 3D printing process, companies can avoid the delays often associated with in-house printing. In addition, DaaS providers typically have a team of experts who can help optimize the printing process to further improve efficiency. Finally, companies can use DaaS 3D printing to reduce the need to hold inventory. They simply print products as needed.
How Does DaaS Improve Efficiency for Manufacturing Facilities?
Efficiency is one of the top reasons companies consider DaaS 3D printing, so let’s take a closer look at how it benefits business operations. Experts generally identify productivity as the most critical component of efficiency. DaaS improves business productivity in several ways:
Reduces Downtime
Downtime is a major problem for businesses, especially in the manufacturing sector. Various factors can put machines out of commission, such as equipment malfunctions, human error, and power outages. One of the biggest advantages of DaaS is that it helps avoid downtime with a team of experts who can quickly fix any problems that arise.
Increases Available Employee Time
When companies outsource asset management, it frees workers to tackle other value-adding tasks in the organization such as product development and marketing. Additionally, the IT team can focus on modernizing its core infrastructures such as communications, network security, and cloud computing.
Improves Employee Morale
When employees can focus on their core competencies, it increases job satisfaction and morale. This, in turn, leads to higher retention rates and a more engaged workforce. All of these factors contribute to a more productive and efficient organization.
Increases Throughput
In the manufacturing world, throughput is the number of products an organization can produce in a given period. DaaS increases throughput because it provides a team of experts who can optimize the printing process and troubleshoot any issues. Access to modern equipment further increases success in this area.
Improves Product Quality
Manufacturing companies often measure productivity only in the number of actual products created. However, the quality of those products is of equal importance. DaaS services can help improve product quality because they provide access to the latest printing technology and a team of experts who create custom solutions.
The Bottom Line
Industry experts see 3D printing as the future of manufacturing and engineering. The DaaS model provides an excellent opportunity for companies to emerge as game changers and pioneers in their respective fields. With increased efficiency and freed capital, companies also have the resources to pursue the innovations that make industry leadership a feasible goal.
Are you ready to revolutionize the engineering and manufacturing processes at your business? Find out how our DaaS 3D printing services at Novastar Solutions can fuel your business growth strategy. Contact us to get started.
