In the current climate, many manufacturers are experiencing increased pressure from their customers for faster, better and cheaper products, whilst battling the internal pressures of skilled labour shortages and sustained profit margins. As industry embraces the digital industrial revolution, it is important to make wise and informed decisions in order to remain competitive and profitable.
If you’re new to automation you are probably feeling nervous about making the investment and want to understand the returns. Justifying the costs of automation can be a daunting task, but with a little effort the benefits can be well-understood.
This ROI calculator is designed to be used as a guide to aide in making well-informed strategic decisions, however it relies on the quality of data entered and can only account for the hard costs vs savings in determining the payback period.
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An example for this calculator is the integration of a Welding Cobot:
The projects of a fabrication company entail the production of many welded parts. To improve profits and efficiency, the company integrates a robotic solution: a Welding Cobot.
The total system initial cost is $200 000, and does the work of 1 employee, which would have had an annual salary of
Without needing breaks, the robot increases productivity by 10%, running for 2000 hours a year (8h x 5d x 50w).
In this configuration, the system returns the original investment within
2 years and 6 months.
Disclaimer: This ROI calculator is based on generic assumptions and does not take into consideration your unique circumstances. Calculated data should be used as a guide only and OLPR does not claim to provide any guarantees regarding payback period. For more specific advice, please contact us for an Application Study of your process.”