Navigating the 3D printing dilemma for small businesses.
With a combined income of $450,000 and substantial savings already allocated to retirement and college funds, the Johnsons are risk-averse. They want to ensure their new venture doesn't negatively impact their long-term financial goals. The cost of a high-quality 3D printer, including maintenance, materials, and training, is substantial. They need to determine if these upfront costs are justified by the potential long-term savings compared to consistently outsourcing production.
Using the 3D Printer - Buy vs Outsource Calculator, we can project the total cost of both options over a five-year period. Assuming 500 models need printing annually, the calculator reveals that outsourcing would cost $75,000, while purchasing a 3D printer with associated costs is estimated at $50,000, factoring in a $10,000 salvage value after 5 years. This calculation helps them make an informed decision based on projected production volume and costs.
The calculator allows for detailed input of printer costs, material costs, labor expenses, maintenance fees, and outsourcing fees to generate a comparative analysis. It provides a clear visual representation of the total cost of ownership for both options.
$25,000 in potential cost savings over five years by investing in a 3D printer based on their projected production needs.
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