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BUSINESS MODELS FOR ADDITVE MANUFACTURING (THE ADVANCES (RECENT ADVANCES…

- - - - This model takes product variation to the
        extreme. Adjusted to the needs or
        whims of individual buyer
        
        Thanks to the efficiency and precision of digital technology these products
        cost less than conventionally manufactured items but fit individuals’ specifications more exactly
    - - This model targets customers who have
        strong and varying preferences but don’t need products adjusted to their personal
        specifications.
      - For example jewelry manufacturers
      - . Offering a broad selection will expand the market, but presenting buyers with a huge number
        of possibilities may overwhelm them.
    - - This model greatly limits variety, offering
        only a few dozen versions of a product to customers whose needs are less variable and
        easier to predict than with the previous two models
        
        designed specifically for popular B2B products.
        
        This model is also suitable for seasonal,
        cyclical, or short-term fad markets, which are tough for traditional manufacturers to
        serve because they must bet on what consumers will want several months in the future to set up an efficient production line.
    - - Rather than offering customers different
        versions of a product, this model involves selling a 3-D-printed body with interchangeable modules for insertion.
        
        It applies mainly
        to electronic devices, which can mean everything from cars to fighter jets and drones
    - - The first four models take advantage of additive’s flexibility to make a variety of produc versions at low cost
    - - This last model attacks traditional manufacturing’s home turf. It proves—contrary to naysayers’ dismissal of additive as a niche
        technology that is useful only for small scale production—that high-volume standard products can be churned out at a low cost in certain circumstances.