When creating a part or product, the production volume you choose has a large impact on its overall success. In many cases, low volume production is highly advantageous. Low volume manufacturing generally refers to production volumes between 50 and 100,000 parts. It serves as a middle ground between rapid prototyping and full-scale production. To learn about low volume manufacturing benefits, continue reading.
Faster Production Time
One of the most significant low volume manufacturing benefits is that it generally gets a product on the market more quickly than full-scale production. Because the products are produced in smaller quantities, they don’t take as long to manufacture. Low volume manufacturing is ideal for businesses that seek to gain access to emerging markets before the competition or are producing products with shorter life cycles.
Potentially Lower Production Costs
Another benefit of choosing a low volume manufacturing process is the potential for lower production costs. Buying in bulk isn’t always less expensive. While larger-scale production processes may have a lower production cost per part, they generally have a minimum order requirement.
As such, you may have to order far more products than you need, resulting in unnecessary financial expenditure. Because of this, you ultimately won’t save any money and will end up with products you don’t need. It can be more financially advantageous to choose a process that will produce an appropriate amount of items for your market.
Plus, low volume production processes like reaction injection molding typically have a significantly lower tooling cost. This greatly decreases manufacturing costs when producing items in low quantities.
More Design Freedom
Increased design freedom is yet another advantage of low volume manufacturing. Because parts are produced in lower quantities rather than being mass-produced, it is far easier to make changes to the product when the need for innovation arises. With low volume manufacturing, you can implement updates without greatly increasing cost or overall production time due to the inherently quick turnaround time of the process.