A method to assess the application of additive manufacturing to inventory replenishment : a thesis presented in partial fulfilment of the requirements for the Master of Supply Chain Management at Massey University, Albany, New Zealand
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Date
2018
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Massey University
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Abstract
Companies have historically struggled to deal with their stock, especially the long inventory tail. As most of the inventory management techniques that deal with slow-moving stock have proved to be rather inefficient, this research investigates the use of additive manufacturing to 3D print items on demand and therefore mitigate the inventory carrying and associated costs. This research has been applied to a Hydraulic Equipment Business in New Zealand, which was tested through an inequation that models the traditional manufacturing and 3D printing costs, yielding the ‘tipping point’ for the use of the 3D printing technology. Even though the results obtained herein were negative for this particular case regarding the use of additive manufacturing, this research has developed a methodology to assess the trade-off between traditional manufacturing and 3D printing and also provides insights into the characteristics of the inventory of the businesses that are most likely to benefit from the use of the technology.
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Keywords
additive manufacturing, 3D printing, inventory tail, slow-moving inventory, Inventory control, Manufacturing processes -- Automation