Calculating ROI for a robot
When using a ROI calculator for a robot, consider some factors that can affect the final project price. Here are some of them:
1
Type of a robot
The total investments depend on the robot type and its application. The installation of an industrial robot can cost as much as the robot itself. The integration costs of a collaborative robot (cobot) are minimal due to its flexibility, small footprint, and its collaborative nature. The installation of a cobot doesn’t require any additional engineering works, mounting safety cells, etc.
2
Increased efficiency
A collaborative robot PULSE can work on repetitive tasks 24/7. The repeatability is 0,1 mm which ensures exact and stable workflow. A collaborative robot guarantees the quality of all the processes, minimizes faults and defects in the production, and lets you save in raw materials. Increased efficiency and quality positively affect the customer loyalty.
3
Real salary of an employee
Vacations and sick leaves, bonuses and social payments, medical costs and insurance, training, and regular salary raises: hiring an employee is much more than just a wage fixed in the contract. Downtime affects the productivity of your company as well.
The collaborative robots are the golden mean between robotic efficiency and human flexibility. The table below shows the main differences and hidden savings when hiring an employee, an industrial robot, and a cobot.
Robot installation | |
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Manual No investments |
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Collaborative robot PULSE 75 Easy and quick installation (up to 3 months depending on the project) |
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Industrial robot Up to six months installation and investments in the security system |
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Labor | |
Manual Average hourly rate between $13/h (sorter job) and $33/h (TIG welding) Paid sick leaves, vacations and trainings. 3d shift and overtime are paid extra Labor turnover, hiring and recruiting costs Constant management is required |
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Collaborative robot PULSE 75 Operating costs for robots range from $3 to $4,50 per hour Working 24/7 Requires minor management that can be provided even by low-skilled staff 1-year warranty and constant producer’s support |
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Industrial robot Operating costs for robots range from $0.15 to $1.50 per hour Working 24/7 Requires minor management and maintenance by a technician Warranty and producer’s support |
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Downtime | |
Manual Smoke breaks Lunches Coffee pauses Sick leaves |
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Collaborative robot PULSE 75 Working 24/7 with no pauses |
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Industrial robot Working 24/7 with no pauses |
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Efficiency | |
Manual Additional employees are needed |
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Collaborative robot PULSE 75 15% more efficiency at the very start thanks to the constant work during the shift General automation efficiency depends on the project |
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Industrial robot 15% more efficiency at the very start thanks to the constant work during the shift General automation efficiency depends on the project |
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Quality | |
Manual Repetitive and monotonous tasks can lead to the employees' fatigue, reduced attention, and even neglect of safety rules |
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Collaborative robot PULSE 75 Consistent standards are preprogrammed in the robot, and it follows them with 0,1 mm repeatability Reduction of the defect rate approaches zero It’s possible to integrate the computer vision and automated quality control |
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Industrial robot The PPM is much lower due to the increased production volumes and standardized production processes |
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Flexibility | |
Manual Very flexible, but needs training |
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Collaborative robot PULSE 75 Very flexible. Can be easily moved and installed in another place. A cobot can be retaught in the manual guiding mode |
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Industrial robot High reinstallation costs In some cases, the reprogramming is impossible |
Manual | Collaborative robot PULSE 75 | Industrial robot | |
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Robot installation | No investments | Easy and quick installation (up to 3 months depending on the project) | Up to six months installation and investments in the security system |
Labor | Average hourly rate between $13/h (sorter job) and $33/h (TIG welding) Paid sick leaves, vacations and trainings. 3d shift and overtime are paid extra Labor turnover, hiring and recruiting costs Constant management is required |
Operating costs for robots range from $3 to $4,50 per hour Working 24/7 Requires minor management that can be provided even by low-skilled staff 1-year warranty and constant producer’s support |
Operating costs for robots range from $0.15 to $1.50 per hour Working 24/7 Requires minor management and maintenance by a technician Warranty and producer’s support |
Downtime | Smoke breaks Lunches Coffee pauses Sick leaves |
Working 24/7 with no pauses | Working 24/7 with no pauses |
Efficiency | Additional employees are needed | 15% more efficiency at the very start thanks to the constant work during the shift General automation efficiency depends on the project |
15% more efficiency at the very start thanks to the constant work during the shift General automation efficiency depends on the project |
Quality | Repetitive and monotonous tasks can lead to the employees' fatigue, reduced attention, and even neglect of safety rules | Consistent standards are preprogrammed in the robot, and it follows them with 0,1 mm repeatability Reduction of the defect rate approaches zero It’s possible to integrate the computer vision and automated quality control |
The PPM is much lower due to the increased production volumes and standardized production processes |
Flexibility | Very flexible, but needs training | Very flexible. Can be easily moved and installed in another place. A cobot can be retaught in the manual guiding mode | High reinstallation costs In some cases, the reprogramming is impossible |
We will send you the ROI calculator for PULSE75 within the next 24 hours.