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Contact UsThe Return on Investment of Automation Systems with Robots: A Guideline
In today's industrial landscape, automation with industrial robots is a crucial factor for increasing efficiency, boosting productivity, and reducing costs. But how can you calculate the Return on Investment (ROI) of these systems, and what aspects need to be considered? In this blog post, you'll find the answer to this question, along with insights into potential pitfalls and funding opportunities.
Calculating ROI: A Clear Picture of Profitability
The ROI is a key metric that measures the success of an investment. When it comes to automation systems with industrial robots, it can be calculated as follows:
The Profit from Automation is based on various key factors, such as:
- Increased Production Volume: Robots work tirelessly and precisely, significantly boosting production output.
- Improved Product Quality: Robots ensure consistently high quality, free from human errors.
- Lower Personnel Costs: Automating repetitive tasks reduces the need for human labor.
- Lower Material Costs: Robots use materials more efficiently, minimizing waste.
- Acquisition costs for the automation system
- Integration costs into existing systems
- Training costs for employees
- Maintenance costs
Please note: The ROI is just one indicator of an investment's profitability. Other factors, such as the company's strategic direction and long-term vision, should also be considered.
Essential Aspects for a Successful ROI
To achieve a positive ROI, it's crucial to focus on several key aspects:
- Needs Analysis: Conduct a thorough needs analysis before investing to ensure the automation addresses the right tasks and achieves the desired outcomes. This can be based on internal experience or external expertise.
- Choosing the Right Robot and Concept: Selecting the appropriate robotic system is critical. Consider factors like cycle time, accuracy, potential disruptions, precision, and usability.
- Integration into Existing Systems: The robotic system must integrate seamlessly with existing production processes and systems.
- Employee Training: Employees must be trained to use the robotic system effectively to ensure optimal utilization.
- Maintenance: Regular maintenance is vital to ensure the reliability and service life of the system.
Potential Pitfalls and Challenges
Implementing automation systems with industrial robots is complex and can encounter several pitfalls and challenges. Choosing the wrong automation concept or robot can e. g. lead to inefficiency and high costs. A poor integration, on the other hand, can disrupt smooth production. And, finally, insufficient employee training may result in an inappropriate utilization of the robotic system, affecting its productivity.Funding Opportunities for Robotic Automation in Germany
In Germany, various funding programs support companies in acquiring robots and other automation technologies. Information on funding opportunities can be found on the following websites:
Additionally, check your respective federal state’s websites for current programs supporting digitization and energy savings. Properly equipping a system can often make it eligible for increased funding.Conclusion
Robotic automation can give companies a significant competitive advantage. With careful planning and implementation, you can maximize the ROI of your robotic system while enhancing product quality and customer satisfaction.