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3D Systems completed its strategic initiative to insource the manufacturing of two more strategic printer platforms. The company transferred this activity from two electronics manufacturing services partners, with which 3D Systems maintains commercial relationships to expand the adoption of these platforms globally.
As a result of insourcing, the company now controls the entire manufacturing process from design to production, leveraging its technical and application expertise to deliver products to its customers. Additionally, with this increased level of manufacturing process control, 3D Systems has matched or improved production quality and reduced lead times to meet customer demand.
Insourced production of these two printer platforms began in August 2023 and now, production units are available to be placed at customer sites.
Dr. Jeffrey Graves, President & CEO, 3D Systems, stated, “We’re pleased to achieve this major milestone which is catalyzing our ability to deliver enhanced quality, and pioneering innovation for our customers. We began our insourcing initiative last year by consolidating the production of multiple polymer 3D printing platforms into our Rock Hill, South Carolina facility. Since that time we have experienced dramatic improvements in both cost and quality, as well as the ability to accelerate the introduction of new products to meet the market’s continuously evolving needs. Since undertaking this initiative last year, lead times have shortened each quarter, and we believe that this activity, in conjunction with other actions puts us on the path to reduce overall inventory by over 20% in 2024. The decision to insource is helping us to better utilize our assets and internal resources, not only driving operational improvements but also cost reductions that align with our financial commitments to shareholders.”
Source: 3D Systems
