For generations, we have lived in a mass production society. Imagine a world where a 50,000-square foot warehouse, once filled with products and inventory as far as the eye can see, now sits empty. Inventory has shifted to a new location: the cloud. Products are now manufactured, or “printed,” on-demand and delivered to the location where the demand exists.
UPS and Fast Radius are two innovative companies with a shared vision for the future of manufacturing. Fast Radius is UPS’s partner in 3D printing and a pioneer in on-demand manufacturing. UPS is a global leader in logistical services. Together, these two companies are teaming up and leveraging IoT technology in order to rewrite the rules of manufacturing.
The digital supply chain
“[There] are problems that [manufacturing] companies have been trying to solve for decades. How do I make my inventory management more efficient? How do I match the supply of product that I’m making with the actual demand?” said Rick Smith, co-founder of Fast Radius, at the Fast Radius facility in Chamblee, Georgia.
To answer these questions, we must take a step back and look at the big picture. Over the last 100-plus years, conventional manufacturing has been based on a simple equation: “The more things you make, the lower the cost of each of those things,” according to Rick Smith. This equation presents problems in cost and infrastructure when considering factory build and maintenance, tooling and molds, and piles of excess inventory. Instead of asking how to simply make this process more efficient, UPS and Fast Radius are taking a step further by enabling a digital supply chain.
Simplifying industrial manufacturing in four easy steps
The first step towards on-demand manufacturing requires a seamlessly integrated solution for collaboration. Fast Radius is leveraging a distributed manufacturing solution to virtually collaborate with customers and ensure design specifications and the correct level of certifications are met. This platform is the digital workshop where designers and engineers, on both sides, can make sure a printed product will be the same as one produced on an assembly line.
2. Internet of Things (IoT)
UPS is using an IoT platform which specializes in making machines smarter and drives end-to-end digital transformation. A distributed manufacturing solution, sensors, automation, robotics, and 3D printers feed massive amounts of data processed within an IoT portfolio, enabling more dynamic data leading to seamless customer experiences.
“It’s really an ecosystem of technologies that work together. It’s not just one thing, it’s many things that are working together,” said Alan Amling, VP of strategy at UPS.
3. 3-D printing
3D printing is the third step in the process to set forth on-demand manufacturing. After taking the world by storm, the technology continues to evolve every day. “Traditionally with printing, you would be stuck with a very limited amount of materials. You could replicate some of the harder types with traditional methods, but with the new technologies and new materials coming to market, you can almost replicate any kind of production,” said Rick Smith.
Finally, a designed, printed product must do one last thing: Get to the customer. How? By leveraging UPS and its areas of logistical expertise. Simply box it up and slap on a UPS Next-Day Air sticker. The customer will receive the part within 24 hours of initial purchase.
By harnessing the power of an IoT platform, UPS and Fast Radius are quickly revolutionizing product manufacturing. They have streamlined the process of design, IoT, 3-D printing, and logistics to create a seamless customer experience. The impact to manufacturers, to businesses, and to individuals will undoubtedly be disruptive. Watch the video below to learn more.
Effective IoT connectedness requires a unifying foundation. SAP has addressed this need by introducing the SAP Leonardo portfolio, an innovative IoT solution portfolio designed to help organizations digitally transform existing processes and evolve to new digital models. Learn more by downloading an SAP Leonardo brochure, reading about real-world use cases, attending our flagship event Leonardo Live this summer, visiting sap.com/iot, and following us on Twitter at @SAPLeonardo.