Free ROI Justification Spreadsheet for Robot Machine Tending Projects

If you’ve seen my recent posts, you’ll know I’ve been highlighting a series of practical tools included in our white paper – A Complete Guide to Robotic Machine Tending Projects.

Wanted to share another useful resource today – the ROI Justification Starter Spreadsheet – which will help you plan business objectives and justify your robotic machine tending projects, particularly if they are for Advanced Robotic Machine Tending involving multiple machines, multiple operations, and multiple parts with automated changeovers.

Budgeting and ROI justification are essential steps in planning any robotic machine tending project because they help you make sure the investment aligns with financial goals and operational objectives. 

Initial costs typically include the robot, tooling, robotic production software, integration expenses, and possible retrofits for compatibility of existing equipment. 

Operational expenses, like maintenance and training, should also be factored into the overall budget.

To justify ROI, you’ll want to consider benefits such as increased capacity, yield improvements, reduced labor costs, and minimized downtime, which contribute to your payback period. 

Metrics like profit per part, cycle time improvements, defect reductions, and machine-to-man ratio increases are critical in assessing ROI, along with non-monetary advantages like improved safety, agility, and compliance.

Effective budgeting and ROI analysis can demonstrate how robotic machine tending increases throughput, improves quality, and lowers costs, all of which support the business case for robotic automation.

This free spreadsheet will help you to: 

• Calculate Factory Project-level and Part-based ROI
• Identify Labor Savings, Yield Improvements, and Capacity Increases
• Take into account Part Costs, Wage Rates, Throughput, and more
• Calculate Scrap Reduction and Cycle Time Optimization
• Include Safety metrics

Here’s where you can download the full ROI Justification Starter Spreadsheet. 

If production robotic automation is on your agenda this year – especially if it’s an Advanced Robotic Machine Tending initiative – you’ll want to see how Flexxbotics transforms robot-driven manufacturing.

Our breakthrough technology and complete solution for robot machine tending mean that you’ll have a successful project that’s based on your plant’s target outcomes. 

We even help you build your business case and justification as part of our requirements gathering session called a Discovery Workshop. 

Then, our experts can assist with turnkey services to help assure success from design and deployment through validation and run-off with support for ongoing operation and maintenance. 

Get in touch directly anytime to find out what Flexxbotics can do for your factory.