Summary
This guide presents a 10-step framework for evaluating, justifying, and maximizing the return on investment (ROI) for collaborative palletizing systems, specifically focusing on collaborative robots (cobots). It outlines the necessity of a structured approach to ROI calculation, emphasizing the importance of realistic assumptions based on operational realities rather than idealized scenarios. The framework begins with defining the purpose of the ROI calculation, followed by identifying gaps in typical ROI models that often overlook operational complexities. It details the process of calculating the total cost of ownership, quantifying current labor costs, and adjusting for real-world efficiency. The guide also includes steps for assessing productivity and quality gains, incorporating operating and maintenance costs, and applying the ROI formula. Additionally, it highlights the strategic value of automation beyond financial metrics and discusses the implications of delaying automation. The document serves as a comprehensive roadmap for organizations seeking to implement cobots effectively.
