How to calculate a compelling ROI for AMR
In today's competitive manufacturing landscape, the drive towards automation is not just a trend but a necessity.
However, one major hurdle often holds companies back: the quest for a clear and rapid Return on Investment from Autonomous Mobile Robots.
With the pressure of tightening margins and the imperative for cost-cutting, the decision to invest in advanced technologies is scrutinized more closely than ever before.
Indeed, our latest industry report reveals a telling statistic: an overwhelming 88% of manufacturers indicate that ROI uncertainties are a significant barrier to their automation efforts.
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Find your return on investment
Supercharge your manufacturing operations with AMRs. Cut costs, streamline supply chains, enhance safety, minimize downtime, create an attractive workplace, and respond swiftly to market demands.
Calculate your ROI by choosing your robot:
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250kg payload
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600kg payload
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1350kg payload
Six figures to include in your ROI calculations
Cutting costs
The most obvious statistic to plot into your ROI calculation is the sum of costs saved with labor and skill optimization
Faster supply chain
Removing human decision making from the supply chain decreases the rate of errors
Improved safety
By including AMRs, the related financial cost from fines, lost workdays and damaged equipment should drop dramatically
Limited downtime
MiR AMRs can be implemented quickly, ensuring that there is no downtime in other processes when the robots are deployed.
Attractive workplace
Implementing AMR to take on the dirty, dull and dangerous jobs will help increase appeal.
Quicker response to market demands
AMRs contribute to reliable, efficient and flexible workflows. This means those who automate the most will be able to respond better to external demands
Don’t get left behind.
Getting a better understanding of the business value of AMR is essential for manufacturers who want to get ahead. Here are six figures to include in your ROI calculations.
1. Cutting costs
The most obvious statistic to plot into your ROI calculation is the sum of costs saved with labor and skill optimization. With their long battery life, high payload and autonomous routing, AMRs can take on hours a week of low-value human tasks. However, this simple figure is only the tip of the iceberg.
2. Faster supply chain
Removing human decision making from the supply chain decreases the rate of errors, required quality checks and collisions. All of these contribute to a slowed or halted process. By adding sophisticated AMR technology to the mix, manufacturers can see an improved offering from day 1.
3. Improved safety
The MiR AMR is probably one of the safest in the world, with the latest technology to keep workers safe. By taking on the tasks that put workers at risk of an injury, the related financial cost from fines, lost workdays and damaged equipment should drop dramatically.
4. Limited downtime
While there is complex technology and data behind MiR AMRs, their set up and use is anything but. Unlike AGVs, which require refitting of the shop floor, MiR AMRs can be implemented quickly, ensuring that there is no downtime in other processes when the robots are deployed.
5. More attractive workplace
By creating a better work environment, the costs relating to retaining and recruiting staff should naturally drop. In a period of record employment, many manufacturers are struggling with staffing. Therefore, implementing AMR to take on the dirty, dull and dangerous jobs will help increase appeal.
6. Quicker response to market demands
For businesses to keep competitive on a global playing field, logistics processes must get increasingly lean and responsive. AMRs contribute to reliable, efficient and flexible workflows. This means those who automate the most will be able to respond better to external demands and fulfill larger or more complex orders than before.