Industrial Research World

  Cost minimization in supply chain management is one of the main KPIs for every manager in a business. It constitutes a huge danger to the finances and growth of any company if done incorrectly. So, what factors drive supply chain costing and how can companies effectively monitor, manage, and minimize these costs to preserve the company’s financial health? Let’s look at some of them below: 1. Investments It is essential to make strategic decisions when it comes to investing in today’s highly globalized economy as most businesses are multisite networks of multiple vendors, distributors, and manufacturers. Businesses must invest in the right place at the right time as doing otherwise can harm the business. To make sound strategic investments, companies must have an end-to-end view of their supply chain, access to accurate data for demand forecasts, a clear market strategy, and the capability to assess current and potential investment costs. 2. Procurement Choosing the right suppliers wh

  Aerospace 3D Printing Market Analysis 2026: According to a study of the Research Dive,  aerospace 3D printing market  forecast shall cross  $5,933.4 million by 2026 , growing at a  CAGR of 26.8%  during forecast period. Aerospace 3D printing is primarily used to increase the efficiency of A&D supply chain, reduction of storage costs of inventory and waste production materials. Furthermore, the Aerospace 3D printing industry is focusing more on creating parts of aircraft that are lighter and stronger than parts made by using traditional manufacturing. Astonishing advantages of 3D printings in the supply chain of the aerospace and defense industry are projected to surge in the global market. In addition, the financial support provided by the government and non-government organizations across the globe is also driving the 3D printing in aerospace industry. For instance,   National Aerospace Technology Exploitation Programme grants £140,000 funds for UK based company Sigma Components