Industrial Robots Improve Company Profits
Manufacturing companies adopt robots into their operations for a myriad of reasons. All businesses exist so as to earn a profit. Anything that helps them to this end is quickly adopted and that is the main reason that companies adopt robots.
Companies earn good profits by ensuring that the expenses they incur in running their business processes are lower than their income.
So, how do robots enable companies to make profits?
Robots are highly accurate
Robots are reliable machines for their high levels of precision and accuracy. As a result, companies are able to reduce the number of defective products they produce. This brings large cost savings in terms of time and materials.
In addition, the enhanced levels of accuracy and precision enhance the quality of goods produced. Consumers prefer high quality products to low quality products. Companies are then able to increase the number of people buying their products thus increasing their sales and eventually their profits as robots help them reduce their production costs.
Robots enhance production capacity
Robotic arms unlike human workers are mechanical equipment. This means that they can work for longer and produce much more and faster than human workers.
This leads to more products available for sale from the company which leads to more income into the organization and thus higher profits.
In addition, robots reduce costs such as medical and insurance costs that companies incur as a result of human workers engaging in dangerous tasks that can be delegated to robots.
Robots improve staff morale
Good working conditions for employees are a prerequisite for a profitable company. Robots help employers improve factory working conditions leading to improved staff morale which then leads to more profits. Robots handle the dull, dirty and dangerous tasks that employees used to handle and leading companies to promote those employees who used to do these jobs.
The employees are now engaged in task that require higher levels of creativity and problem solving leading to job satisfaction reducing absenteeism and staff turnover thus more savings and improved production.
Faster return on investment
Unlike some business costs that lead the business to a loss, an investment in robots offers a faster return on investment. With improved production capacities and saved costs on production, the benefits of the robots are gained immediately. With these savings and the increased sales numbers, the robot is able to pay for itself within a short period of time.
Most companies that have acquired collaborative robots for their operations have recouped their cost of investing in the robot within a year or two.
Collaborative robots do not require specialized employees
One cost that those companies that do not invest in collaborative robots fear is the cost of having to hire specialized employees to monitor and maintain the robot. Fortunately, collaborative robots do not require specialized employees. Companies can use their existing employees to run and manage the robot. All that they require is a substantial training from the robot manufacturer and they will become competent robot operators.
Reduce the risk of accidents occurring in the factory
Inherent in their design, robotic arms ensure that they are safe to be around and work collaboratively with human employees. These robots are designed to have sooth and round edges without any protruding parts reducing the risk of harming or injuring any employee.
In addition, they have sensors which detect human presence. Where a robot is working independently and it detects human presence near it, it can slow down, face in a different direction or stop until the human being is a safe distance away from it.
Manufacturing entities have recognized the need to acquire robots to automate their manufacturing processes. With collaborative robots easily available, automation via robots is no longer only for the large and successful companies. Robotic arms make the automation process simpler and as a result help companies improve their productivity and profitability levels.