Calculating the ROI of a Robotic Cell: A Comprehensive Guide
The integration of robotic cells in manufacturing processes has proven to be a game-changer for businesses. It has helped businesses achieve high efficiency, accuracy, and productivity while reducing labor costs and non-quality costs. That being said, the initial cost of automation is usually a cause for concern, and businesses need to assess the return on investment (ROI) before implementing a robotic cell.
More recently, there has been more and more pressure put on the reduction of manufacturing costs, forcing industrial companies to aim for a faster ROI. In some industries, the target for ROI has been reduced from three years to less than one year.