Robot ROI Checklist
A common misconception about Robot Return on Investment (ROI) is that labor cost savings achieves an acceptable payback period. This is often not the case – simply replacing a human operator with a robot is not always a smart decision. A robot needs to fit into the full picture of your production line strategy and provide benefits and cost savings in multiple areas.
But that doesn’t mean that robots aren’t worth the cost. There are many situations in which adding a robot provides a return on investment very quickly. The key is to consider all of the hidden savings and benefits that a robot can provide.
We’re breaking these down into three areas: Human, Production, and Additional Savings. Download the full checklist below to help you decide if a robot is right for your facility.
Human
There are many situations in which a human operator is best to run a station. But a robot might be a better fit if you have concerns in any of the following areas:
- Reallocate operators to other areas
- Ergonomics
- Reducing safety risks
- Reducing operator error
Production
An improvement in production quantity and/or quality can reduce costs and improve revenue. Adding a robot could provide the following benefits:
- Increase throughput
- Decrease cycle time
- Increase quality control
- Reducing change over time
- Combining tasks/stations
Additional savings
There may be other savings to consider in reducing potential costs, such as:
- Reducing cell footprint/Increasing floor space
- Replacing other hardware
If you’re considering adding a robot, download the full Robot ROI Checklist to make sure you’re considering all of the ways a robot could benefit your facility.
