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

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 Sponsored by: EPSON Visit https://advancedmanufacturing.org/webinars for more webinars and an interactive experience with visuals.