What would these productivity gains mean for your business?
Take a look at the number of repetitive and manual processes you have running now in your business. How many hours, weeks or days do these tasks run? How many employees complete the task? To ensure the continued health and safety of your workers imagine the employee and business benefits gained simply by automating these processes with robots? Doing this will give your employees peace of mind when it comes to their health, wellbeing, and safety and also allow them to spend more time working on other more interesting tasks or projects within the business.
If a robot could work on these repetitive tasks for you 24 hours a day, consider the shortened turn-around time for your products to go from your factory to your customer’s door. If you run a more efficient production consider the additional work you could take on in your business. This may mean employing more workers to meet an increase in customer demand.
Stability of production
If you automate with robots what would you save in raw materials? How much would your product output increase? What would an increase in customer loyalty and retention mean for your business?
If you have a production line, which is unstable and has a poor quality product output, raw materials are wasted and product rejection rates are high. As a result customer loyalty and retention will inevitably decrease because your customers will demand high quality, consistent products every-time they order with you.
With collaborative robots, the technology ensures consistency and a high-quality product output, which will significantly reduce the number of raw materials wasted. It will also grow your business because workers will be able to achieve more.
If you have an unstable production line, write down the pros and cons of keeping an employee working on these tasks versus automating with a collaborative robot. It’s worth spending the time taking into account all these factors so you can get a real understanding of the short-term and long-term value robot automation will bring your business. It’s a detailed process because this is an investment in the growth, development, sustainability, and competitiveness of your business. To learn more contact your local Universal Robots partner.
When you’re building your business case, use the term ROI to justify your robot investment rather than the term payback period, which is the number of days, months, or years it will take for you to recover the cost of your investment. Your payback period will always be longer than your ROI as your payback calculation is used to offset wages for example whereas ROI calculation takes into consideration overall tangible and intangible business benefits and impact both short and long term.