1. Higher design flexibility
When the part is designed, the prototypes or a small number of products are produced by low volume manufacturing at a faster speed than high volume, then you can validate the design and check whether there are any problems with the product, to make tweaks and adjustment according to the actual results. Low volume manufacturing allows quick design iterations after the first trial, engineers and designers can optimize the prototype in many times. In addition, the manufacturer doesn’t have to store a warehouse of unusable products or waste expensive materials and production equipment.
2. Lower cost
We have talked that the low volume manufacturing can reduce the material used and avoid investing a large number of expensive tools and other devices for the production, manufacturers can also use alternative materials instead of original ones to save money. If the machine fails, try to replace the damaged parts instead of purchasing new machines in low volume manufacturing, as long as the production can be finished.
3. Increase revenue
Low volume manufacturing can bring better products and reduce time to market, because pilot runs will bridge the gap between prototype and production, get your functional and engineering design verification done quicker. If your products meet the requirements of the target customer, you can get steady orders and establish a long-term partnership with clients, and then increase the revenue. The low volume production can also turn to high-volume production.
4. Defeat your competitor
Time is money. If you get your product to market earlier than your competitor, your company will get more market share and the buyer will know about your product earlier. The products for sale faster can make more money, especially with good quality.