Immensa Technology Labs (Immensa), a UAE-based Additive Manufacturing (AM or 3D printing) company, is providing its ‘Inventory Digitisation’ solution to one of the world’s largest construction companies —the Consolidated Contracting Company (CCC).
With Immensa’s solution, CCC is exploring ways to create a digital inventory of its spare parts and components, meaning the company will ultimately minimise imports and stock of physical parts but will also produce some on demand from a ‘Virtual Warehouse’.
“If we can get to a point over the next few years whereby a small percentage of our inventory can be digitised the impact will be significant,” says Aref Boualwan, who is overseeing some of CCC’s President Initiatives within disruptive technology implementation.
“What encouraged us to embrace inventory digitization is simplifying the supply chain and the ability to reproduce items in remote areas when and where it is most needed. Also, Immensa’s solution has significant environmental benefits as it ultimately reduces the need to transport products across the world,” he added.
Fahmi Al-Shawwa, CEO of Immensa Technology Labs, says that his company’s solution could save the logistics industry up to US $500-billion.
“Today, it is estimated that the world sits on inventories worth more than USD $10 trillion at any single point, but if only 5% of that inventory was converted to digital format, USD $500 billion worth of products would immediately have a much shorter supply chain that reduces transport, logistics, inventory, and storage costs,” he explains.
“At Immensa, we believe that supply chains and logistics can be handled virtually, and that 3D printing technology will transform the traditional supply chain as well as the logistics and warehousing industries. We are pleased to be demonstrating the potential of this approach and explore its potential with CCC,” he said.
Through Immensa’s ‘Inventory Digitisation’ solution, parts and components that were traditionally stored in numerous physical warehouses will be converted into a digital format and stored in ‘Virtual Warehouses’.
Parts will only be produced when required using 3D printing and other propriety processes that reduce the need for companies to carry inventories.
Immensa Technology Labs is at the forefront of applying additive manufacturing services on a mechanical and industrial level in the region and one of a few companies globally that is offering full ‘Inventory Digitisation’ and ‘Virtual Warehousing’ services to companies.
The company was established in 2016 to provide comprehensive solutions whereby AM can add real value.