3D Systems Reports Completion Of Its Strategic Initiative To Insource Manufacturing Of Two More Strategic Printer Platforms; Says On The Path To Reduce Overall Inventory By Over 20% In 2024
Portfolio Pulse from Benzinga Newsdesk
3D Systems has completed its strategic initiative to insource manufacturing of two more strategic printer platforms. The company now controls the entire manufacturing process from design to production. This move is expected to reduce overall inventory by over 20% in 2024.
September 14, 2023 | 8:53 pm
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3D Systems' insourcing initiative is expected to reduce inventory by over 20% in 2024, indicating potential cost savings and efficiency improvements.
The insourcing initiative by 3D Systems is a strategic move that allows the company to control the entire manufacturing process. This could lead to cost savings and efficiency improvements, which could positively impact the company's financial performance and, consequently, its stock price.
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