How does Low Volume Manufacturing Work as an economic Model?
Low-volume manufacturing is a new economic model that has recently gained traction. It is based on the idea that small batches and short production runs are more efficient than large-scale manufacturing.
How does Low Volume Manufacturing work as an economic model?
One reason low-volume manufacturing is more efficient is that it eliminates the need for waste. Small batches mean products are produced according to the customer’s specifications, which means there is no wasted material or time. In addition, short production runs mean that products can be quickly and easily replaced if they become defective.
Another advantage of low-volume manufacturing is that it can be more cost-effective than traditional manufacturing methods. This is because producing a given product requires less money and a workforce. Furthermore, low-volume manufacturers often have access to cheaper materials and equipment than larger companies do.
However, low-volume manufacturing does have some disadvantages as well. For example, it can be difficult to scale up a small business so that it can manufacture larger quantities of products. Additionally, many customers prefer products from larger companies because they are familiar with the brands and know they will get quality products. If a low-volume manufacturer tries to compete with a larger company on price alone, it may not successfully attract customers.
Low-volume Manufacturing Service Supplier
KAIAO RAPID MANUFACTURING CO., LIMITED, is recognized as an industry leader in providing the finest rapid low-volume manufacturing services. For low-volume manufacturing, you may be more concerned about the quality and precision of the product. However, KAIAO uses strict tolerance standards, the same materials, and quality inspection as mass production.
- Reduced your cost of piece-part
- Advanced technology and equipment
- Inspection reporting and certifications
- DFM (design for manufacturing)
In today’s economy, making a living as an artist or musician is becoming more difficult. In fact, according to The Guardian, “the share of professional musicians in the US workforce has declined by nearly half since 1997” (Goudreau 4). This has led many industry professionals toward low-volume manufacturing as their new economic model. In low-volume manufacturing, products are made on a small scale with high levels of customization and detail. This allows professionals in these industries to maintain their artistic integrity while still earning a living. If you are interested in pursuing a career in low-volume manufacturing, click here to get in touch with KAIAO.