It's no secret that automation is changing the way we do business. Robots are taking on more and more work, freeing up humans to spend their time elsewhere. And while some people may be scared of what this means for them in terms of jobs, it also has a lot of potential benefits for companies who are willing to take the leap.
Investing in a welding collaborative robot is an investment that will pay off. But how much and when? To answer these two important questions, most people calculate ROI (Return on Investment).
ROI is often used as a way to measure the benefits of automation projects. It tells you if your investment was worth it and what ROAS ( return on assets ) might be achievable with this machine, so do not take its low numbers lightly!
There are many ways to measure ROI, but one of the most common methods is payback. This calculates how much an investment will earn back in salary for your welders over time- or what's called return on investment (ROI). It works by dividing up an expense against their wage bill and considering only tangible benefits like profit margins when evaluating these numbers realistically though. A better way might be looking at intangibles - things that may seem small but have lasting effects down future generations too so shouldn't just get forgotten about!