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Benefits of Low Volume Manufacturing

by Nice Rapid | Apr 16,2020 | Low Volume Manufacturing

low volume manufacturing

Low volume manufacturing entails creating quantities of between 50 and 100,000 over a period of time, for example, a month or a year. It is the link between prototyping of merchandise and high-volume production and can be applied by companies of any nature or size.

Most companies opt for low volume manufacturing, particularly when they are new to the market, and later decide on the manufacturing process needed to satisfy the demand.

At Nice Rapid, we will offer you tailor-made solutions creating prototypes of machined parts, giving you an idea of what the final parts or product will look like. Our designers and engineers will factor in all your design concepts ensuring you are fully satisfied.

Low volume comes with a myriad of benefits, especially in the manufacturing sector. In this post, we are going to look at the advantages that come with low-volume manufacturing.

Pros of Low Volume Manufacturing

Merchandises get to the market faster

With emerging trends and preferences, companies are faced with stiff competition. This will bring the need to produce high-quality goods that will reach the market in the shortest time possible. Businesses that apply low volume manufacturing are likely to keep up as they will pitch their ideas faster and within a shorter time.

It helps in saving money

Saving money by reducing the cost of production is critical in every company. Low quantity manufacturing helps to reduce the number of human labor and tools used in making the product, unlike producing goods in large quantities.

Flexibility in manufacturing

Low volume production makes it easier to identify mistakes and make adjustments to the product at minimum costs. Companies are also able to get feedback on areas they need to improve on, therefore ensuring the final product satisfies the needs of the target market.

It's a link in production

This type of production is a bridge between prototyping and mass production of goods. Prototyping involves producing custom made or pilot goods; on the other hand, mass production is producing parts or products in large volumes. Low volume manufacturing offers firms a link between the two and can be used at any point in marketing. Businesses then find which production method is best suited for their nature of manufacturing and capitalize on that.

Improving your cash flow

Products reaching the market within a shorter time implies that there is an increased cash flow between the business and the customers. This makes low volume manufacturing an essential approach for companies wishing to realize profits quickly.

Apart from benefitting companies, this method of production may pose the disadvantage of high cost per unit and can only be used to manufacture high-end machined parts. This is why companies are advised to evaluate the methods used to maximize revenues.

However, companies using low quantity manufacturing have the advantage of a shorter time of production, as explained above. This will go a long way in enabling the business to deal with competition, thus staying relevant in the industry.

Businesses should opt for low volume production as it is flexible; risks are fewer and can be used by companies of any nature.

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