Real-Time Spare Parts: Paving the Way for IoT Transformation
That was, until the IoT and the breakthrough technology of 3D printing came on the scene. Combined, they will allow a total reinvention of spare parts production and use, converting spare parts into a strategic differentiator (see PTC’s Parts for Progress, which dealt with the software aspect of the transformation). Going forward, both the production and delivery of spare parts will become a testbed for the transition to “precision manufacturing,” which will increase quality, reduce inventory and other costs, and even delight customers and potentially lead to a marketing transformation away from sales of products to providing comprehensive services over the product lifecycle.
Source- PTC blog, By- David Stephenson