Manufacturers are moving their operations overseas to access lower wage labor costs. However, these companies do not always analyze the total cost of offshoring, including the investment in finding a vendor, delays in delivery, and increases in management costs to coordinate a more complex production process. Sometimes manufacturers do not explore all the alternatives to offshoring, such as automation and lean manufacturing practices that can make their cost per unit more competitive than Asian manufacturers.
Save Your Factory is a new initiative that provides resources to North American manufacturers so they can completely and objectively analyze the cost versus the advantages of offshoring. For many manufacturers, investing in automation can be more profitable and offer stronger viability than moving operations overseas.
Save Your Factory has developed a new ROI Calculator that has an interactive resource for North American manufacturers to see the real financial benefits of robotic automation. With our ROI Calculator, you can enter your actual financial figures to calculate the increase of annual profits. Our automation ROI Calculator compares your current system annual production and costs versus an investment in automation. The result is a Savings Summary that includes:
- Operating Labor Savings
- Lost Time Savings
- Work Compensations Premiums
- Production Increase Value
- Scrap Reduction Savings
- Total Increase of Annual Profit
When you see where automation can save your company money, you will understand how an investment in robotic automation can make your manufacturing more competitive in the global market.
Find out how easy it is to justify the use of robots for your manufacturing operation in the Tools section of Save Your Factory.
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