innovative technological invention of 3D-printers, members of the society have no business ordering for the items they require for their daily activities. Although the time factor is one among the major benefits of using 3-D printing, this paper aims at analyzing how 3-D printing affects manufacturing, quality, the economy, and inflation. The paper discusses the operational, strategic, financial, and social effects of 3-D printing.
Manufacturing involves the process of transforming raw materials into consumable products for commercial, personal or final use. With reference to technological advancements, 3D-printing has brought the manufacturing process closer to the end user. Through 3D-printing, individuals are able to manufacture the items they require from the convenience of their living areas. However, when considering the processes involved in manufacturing, it is evident that 3-D printing has varying effects on the community as a whole and the manufacturers in particular. For instance, the use of 3D-printing is a solution-driven invention that aims at eliminating the costs associated with the manufacturing process, distribution, storage, and security of products. On the other hand, it eliminates an employment segment as manufacturing processes that required vast categories of labor are replaced with machines functioning through the use of virtual intelligence. While the manufacturing process making use of 3D-printing is likely to put a number of people out employment, it allows great deal of diversity for the options available to customers. In addition, the use of 3D-printing engages the customer with the manufacturing process making it easy for customers to manipulate design, taste, content, and feel of various objects to match personal preferences (D’Aveni, para 1-4).
A machine is an operational device which combines various parts working in various patterns to form a system.