By Michael Blumberg, president, Blumberg Advisory Group, www.blumberg-advisor.com
3D printing provides field service organizations the potential to transform into asset-light businesses.
3D printing has received a great deal of attention by the media in recent months as this technology is rapidly being adopted in a broad array of market segments. Also known as additive layer manufacturing (ALM), 3D printing creates items using computer-aided design (CAD) and then builds them by adding thin layers of powder, melted plastic, aluminum, or other materials on top of each other. 3D printing requires fewer traditional raw materials and produces up to 90 percent less waste then traditional manufacturing. As a result, 3D printing is less costly. Furthermore, 3D printing enables companies to compress the supply chain and cycle time associated with bringing products to market.