How can you convince management that using robots and automation to solve a production problem is the best option? When you show a quick return on investment based on financial metrics and benchmarks, you’re sure to get their attention. By working with the right automation supplier, you’ll be prepared to discuss both the financial benefits and the advantages automation offers.
As products have become smarter, more adaptable and more reliable over time, the financial criteria for robotics and automation have improved dramatically. Spend some time creating an automation strategy based on the benefits automation can bring to your company’s competitiveness. To calculate the return on investment in robots and automation, a revolutionary new approach is used that takes into account important benefits and perspectives such as:
– Increased process reliability and quality
– Increased employee involvement, better use of skilled manpower and higher motivation
– Increased knowledge of data collection
– Real efforts are being made to reform the entire organisation.
Executives are realising that the quantifiable cost reductions achieved through automation are only the beginning of their investment possibilities as the automation market matures. Automated systems allow manufacturers not only to expand production and meet customer expectations, but also to advance the careers of existing workers. It will be easier to convince management to support an automated system if there are more indicators of return on investment.
Cost reduction; the goal of many companies embarking on an automation project is to reduce costs and increase savings. These cost reductions are achieved through increased productivity, reduced risk of accidents and reduced absences due to boredom or burnout. The truth is that companies that invest in automation and robotics are able to increase productivity levels significantly. Employees are motivated to be more productive as a result of the improved working environment.
To increase the return on investment, manufacturers are looking at popular automation techniques. Manufacturers can apply the same automation system throughout the organisation thanks to this “copy and paste” idea. Compared to specialised systems, common solutions simplify labour training, save spare parts inventories and speed up implementation.
Automated systems are properly programmed and rarely make mistakes. It helps increase quality, consistency and reliability by shifting the operator to the skilled position of supervising the robotic work cell rather than performing the task.
It often makes more sense to automate the tasks that employees like the least. Employees are freed to focus on more satisfying tasks that require human skills when they are not required to perform the unfavourable tasks, as described in the quality section. Robot management and automation effectively replace human tasks of moving, handling or packing things.
A crucial benefit of Industry 4.0 today is the ability to track and document the tasks performed by an automated system. The key to transformative change is process audits of data obtained from a robot or other automation equipment. Access to critical data enables companies to reduce costs, increase efficiency and remain competitive.
Creating an automation centre of excellence (CoE) to serve as a roadmap for the company’s automation journey is currently the most popular strategy. The CoE leverages data to help the company develop a standard framework and procedure for all automation initiatives, from choosing the best automation partner to deciding how the system will be developed and deployed across the enterprise. It can also control how to localise a new automation project and ensure a good and organised procedure. Standardised and defined procedures, with built-in control checks, help to improve compliance, demonstrate capability and generate documentation for various uses. Increased cost savings, productivity, scalability, quality, employee happiness and retention, and process knowledge are achieved by focusing on qualitative benefits. You can get the funding and support you need by demonstrating how automation can deliver value and enable truly revolutionary change.
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