WEBINAR : Beyond the Labor | Understanding Robot ROI from Products to Profits

November 20, 202544m 41s

Audio is streamed directly from the publisher (traffic.libsyn.com) as published in their RSS feed. Play Podcasts does not host this file. Rights-holders can request removal through the copyright & takedown page.

Original episode page

Show Notes

The decision to move from a manual to an automated process has historically been a laborious, lengthy, and capital-intensive endeavor. Calculating the return on investment (ROI) of such a project is critical to the decision-making process. Companies beginning their automation journey tend to look at robots as a 1 to 1 replacement for their workforce leading to expensive over tooled and over automated processes. Focusing solely on labor replacement can lead companies to vastly undervalue some of the less obvious cost savings created by the switch to robotics.

In this presentation, we will be discussing some of the best practices and common pitfalls to avoid when calculating the ROI of a robotic implementation, including:

Efficient system design for a high-mix manufacturing environment
Cost benefits from increased production and decreased waste
Indirect cost benefits generated from increased worker satisfaction and safety
Long term cost savings from greater traceability, product consistency and redeployability

By considering these concepts, we can move toward considering robots as part of an overall process improvement opportunity versus simply as a direct replacement to workers. Doing so brings into consideration improvements to the production environment, increased product quality, and enhanced company profitability. Ultimately a refocused ROI calculation will help companies pivot from mid-line labor expenses to top-line revenue and bottom-line profitability.

Speakers: James Shimano: Product Manager, Epson Robots