ThreeD2 xSupplyChainManagement xProtectingIntellectualAssets x

Running Head: THREE-DIMENSIONAL PRINTING 2

THREE-DIMENSIONAL PRINTING 2

Three-Dimensional Printing

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Question 1: 3D printing and its impact on business.

3D printing is the process of copying a digital file and then making a three-dimensional object that is solid from it (3dprinting.com, 2012). This process can also be defined as additive manufacturing. 3D printing is beneficial to business is various ways. For instance, 3D printing is used in serial production which is economical to businesses. It increases the data volume as well as processing, improve analytics, human factors and automation.

Question 2: CRM and how 3D printing could affect customer relations.

CRM is a technology that enables the management if a company’s relationship and relations with their customers (Salesforce.com, 2020). Its objective is simply to improve business relations by helping the company stay linked to customers and improve profits. 3D printing enables customers to print objects on their own, thereby reducing their dependency on manufactures. This will reduce the relations with companies and therefore affect the company’s customer relations (Steven V. B., 2016).

Question 3: An example of how 3D printing might affect the global economy.

Since 3D printing can be regarded as a component if a maker movement, it’s significant to communities, entrepreneurship and education. For example, the knowledge can be taught to the children in schools so that they get the concepts and skills. The skills will then foster the generation of novel products as well as companies which will create both professional and technical jobs thereby improving the economy (Gewirtz, D., 2019).

Question 4: How 3D printing is affecting supply chains.

3D printing is necessary for manufacturing that are short-run as well as jobs that are of small production. It usually permits the storage of spare parts in the cloud hence the physical inventory will not be needed until a demand arises. When the 3D materials all over the world are delivered in digital form, it will save on cost and time which will be efficient and reliable (Gewirtz, D., 2019).

References:

3dprinting.com. (2012, June 5). What is 3D printing? How does a 3D printer work? Learn 3D printing. 3D Printing. 

https://3dprinting.com/what-is-3d-printing/

Gewirtz, D. (2019, May 15). Everything you need to know about 3D printing and its impact on your business. ZDNet. 

https://www.zdnet.com/article/everything-you-need-to-know-about-3d-printing-and-its-impact-on-your-business/

Salesforce.com. (2020). What is CRM? 

https://www.salesforce.com/crm/what-is-crm/

Steven V. B. (2016, February 24). How 3D printing is changing the customer relation. 

https://www.stevenvanbelleghem.com/blog/how-3d-printing-is-changing-the-customer-relation/#

Running Head: SUPPLY CHAIN MANAGEMENT 2

SUPPLY CHAIN MANAGEMENT 2

Supply Chain Management

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Supply Chain Management

Supply chain management, normally abbreviated as SCM, is the procedure of actively handling actions associated with supply chain in order to exploit the worth of customers as well as to attain a competitive advantage that is sustainable. It is usually an effort by the firms that deal in it to advance and run the supply chains in ways that are most competent and competent. It usually covers obtaining, manufacture, product development, logistics together with the information systems that are required for the coordination of these activities. Moreover, SCM is founded on two main concepts; first, each product that arrives at the consumer usually represents the effort of various organizations cumulatively. The second is that most of the organizations pay attention to whatever is taking place in within their walls. SCM is usually meant to be expansive as well as complex, and thus it relies on every partner (Handfield R., 2020).

Supply chain management links organizations through both physical and information flows. Information flows permit the partners of the supply chain to organize the tactics that are long term, as well as the everyday controlled flows of properties across the supply chain. While the physical flows consist of transformation, movement as well as storage of goods. SCM has various benefits including efficiency, lower cost, increased collaborations and higher profits. Companies are also able to carry the correct number of inventories, deal with disruptions and meet customer demands. Technology has also had great impact on supply chain management; hence its major processes have a software that is dedicated to it. Big data, internet of things, robotics and supply chain analytics are technologies that are being used to aid in solving the modern challenges facing supply chain management (Rouse M., Essex E., & Daniel D., 2019).

References:

Handfield R. (2020, February 19). What is Supply Chain Management (SCM)? SCM | Supply Chain Resource Cooperative (SCRC). 

https://scm.ncsu.edu/scm-articles/article/what-is-supply-chain-management-scm

Rouse M., Essex E., & Daniel D. (2019, November 5). What Is Supply Chain Management (SCM) and Why Is It Important? SearchERP. 

https://searcherp.techtarget.com/definition/supply-chain-management-SCM

Running Head: PROTECTING INTELLECTUAL ASSETS 2

PROTECTING INTELLECTUAL ASSETS 2

Protecting Intellectual Assets

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Protecting Intellectual Assets

Many people get excited when they finally finish working on their latest inventions, and the first thought in their mind is usually to come out and introduce it to the entire world. When on reveals their personal property to the entire world, there may be people who might try to steal your ideas, and therefore it is necessary to protect it at al costs. sometimes patents and copyrights might become in handy during this time, but they never guarantee complete protection. Therefore, the following other measures could be taken to counter the thieves; first, one should circumvent joint ownerships because it could be difficult to protect later. Also, one can implement an exact-match domain. “While a costlier objective in the short run, the windfall of benefits in the long run is unrivaled.” (Copyrighted.com, 2019).

Moreover, one could also decide to generate a confidentiality, licensing or non-disclosure with their partners or employees. This will prevent them from ever going against their word when it comes to the assets. Implementing security measures within the business enterprise. This can be done through use of passwords to protect the network of computers, encryption, use of virtual private networks as well as WIFI protected access. Some people might choose to keep the whole thing quiet and out of sight so that it avoids attracting attention which will bring with it the security issues. Otherwise, the inventor can also decide to publish the invention widely with attributions. This means that one should always make sure that the company’s name or the name of the asset is attributed whenever they are mentioned. This will make the product to be online most of the time hence more patents (Forbes Tech Council, 2018).

References:

Copyrighted.com. (2019, April 18). How to Protect Intellectual Property in 5 Different Ways. Copyright Registration, Protection, and Takedown Services. 

https://www.copyrighted.com/blog/protect-intellectual-property

Forbes Tech Council. (2018, July 23). Council Post: 10 Effective Ways To Protect Your Intellectual Property. Forbes. 

https://www.forbes.com/sites/forbestechcouncil/2018/07/23/10-effective-ways-to-protect-your-intellectual-property/#2b99700c32e1