How to Justify the Cost of a Robotic System
The cost of a robotic system can be intimidating but once you do the math it is easy to see that the ROI will be worth the initial investment. Integrating an automation system onto your production line will help to cut your labor costs, increase the productivity, and help you stay competitive in a global market. Robots.com takes pride in their customer service and is ready to help you integrate an automation system today.
Robotic systems bring many benefits to manufacturers in the form of improved production speed, product quality, and overall efficiency. However, the initial investment can be quite large for a company of any size, and it may seem hard to justify the $80,000 to $125,000 expense.
Since that level of investment is a large expense for any company, here are some things to consider when justifying the cost to investors, board members, or other executives in your company:
Cutting Labor Costs
A typical robot system can easily produce the same amount of work as four workers. If you are running one robot system of three separate shifts a day, that one robot system is completing the same amount of work as 12 workers. The salary savings alone, along with the savings on health care and other employee benefits is a huge justification for purchasing a system. There is also a savings on manual labor expenses like safety equipment and other required welding equipment for each laborer.
Uptime Advantages
Unlike manual workers, robot systems do not require lunches, days off, vacations, or sick days. They are able to work 24 hours a day, 7 days a week, with consistent, quality output.
Cutting Down on Errors
Robots are commonplace in the manufacturing industry and have been proven to be extremely reliable. When manufacturers choose to use manual welders, rather than robotic welders, they run the risk of not using certified welding procedures and relying on manual workers to properly deposit all required welds. By using robotic systems, human errors are no longer an issue.
A Competitive Global Market
The market is no longer local. It is a global market and keeping a competitive edge is important for any company, especially in the manufacturing industry. Not only will robotic automation allow you to continue to innovate and improve the quality of your products, but it will also attract new customers and allow for tax advantages like the Section 179 tax deduction.
As you can see, there are several different justifications for purchasing a robotic automation system for your shop. If you would like to learn more about these advantages and information on how to purchase one, please contact Robots.com today online or at 877-762-6881.
Related Articles
You might be also interested in:
- Cost & Investment
Crafting a Strategic Financial Plan for 2024 Robotics Management
With the dawn of 2024, leaders in Maintenance and MRO teams are tasked with designing budgets that prioritize effectiveness, productivity, and fiscal prudence in robotic operations. Central to this financial strategizing is the judicious management of robot parts inventory, scheduling of maintenance, and planning for the capital expenditure on robotic upgrades or replacements. This guide offers insights into shaping your 2024 financial plan, with a focus on these pivotal elements, and the supportive role T.I.E. can play.
- Cost & Investment
The Fanuc M-10iA/10MS Robot
The Fanuc M-10iA/10MS robot brings amazing versatility to the production line. The M-10iA/10Ms is a cost effective robot that can bring speed and accuracy to the manufacturing line. This robot can be used as a welder for one run or a painter for the next run, enabling it to accomplish a wide range of jobs at different times! Contact Robots.com experts today to start your integration of the Fanuc M-10iA/10MS.
- Cost & Investment
Is a Refurbished Robot Right for my Business?
Refurbished robots are repaired, rebuilt, and cleaned in order to re-enter the automation market. They are also called re-manufactured, reconditioned, or rebuilt robots.
- Cost & Investment
- Industrial Robots
Why Choose Our Integration-Ready Robots?
Our Integration-Ready process delivers an OEM-like buying process at a significant savings over buying new. Plus with our ultra-fast lead times, we can get you up and running fast.
- Cost & Investment
Buying a Refurbished Robot
Purchasing a refurbished robot will bring the same productivity to your production line at a fraction of the cost. Robots.com takes pride in its refurbishment process for all of its robots. We can bring the robot back to life and have it up and running for tests on the production line when you are ready to purchase.
- Cost & Investment
Debunking 5 Myths About Buying A Used Robot
Robots.com takes pride in their refurbishment process, debunking myths and bringing refurbished robots back to life. A reconditioned robot or robotic system is an excellent way to save money while also providing the same productivity. Robots.com experts put all of their robots through intense refurbishment process and do numerous tests before sending the robot back to market.
Let's talk!
Request your quick quote today.