In a competitive business environment, the ability of a business to keep its operational costs at a minimum can work as a significant competitive advantage. Low operational costs usually allow the business the ability to survive when the demand for its products is low. It also gives it the freedom to explore new opportunities since they have a healthy financial cushion.
Collaborative robots are incredibly good at helping businesses to keep their operational costs under control. For businesses with production lines that have a significant level of assembly processes, the use of cobots for robot assembly purposes can have a pronounced effect on its operational costs. Here is what you should know about the different ways in which cobot deployment can help you to save money. Let’s see how Cobots will reduce your production\operational cost.
3 Ways Cobots Will Reduce Your Operational Costs
1. Reduced wastage due to errors and accidents
Human workers are prone to making mistakes. They sometimes lose focus, get bored, or simply make mistakes because they do not have the proper training. Employee mistakes can be quite costly when it comes to the assembly section of a company’s operations. This is because they may cause irreparable damage to products or lead to the wastage of materials.
Collaborative robots, like any other advanced robotic system, are highly accurate and precise in their movement. They do not have any of the weaknesses that normally lead to human beings making mistakes. They never get fatigued or bored and they never lose concentration. As a result, they are less likely to make any mistakes that lead to damage. Furthermore, with respect to any cutting, shaping, or installation work, their precision ensures high quality, something that usually reduces losses due to product defects. These savings eventually contribute to lowering the overall per-unit costs.
Check Also: 6 Industries That Are Enjoying the Benefits of Robotic Automation
2. The space-saving nature of cobots
Any business in the manufacturing space needs a lot of space in order to operate. If your business largely depends on manual execution of tasks you will need much more space, especially for safety considerations. Furthermore, human beings require amenities like bathrooms, resting places, sitting areas, offices, great air conditioning, and so on. These things take up space, and they are always considered when deciding how much space the business should rent.
When compared to traditional robotic systems, cobots are relatively smaller. They also require less space in order to work effectively since they are extremely accurate and precise in their operations. Essentially, they require less space as safety zones, and they also do not need all the amenities that human beings need. This, in addition to the fact that they can be stacked vertically on shelves and even on top of existing workbenches, makes them less demanding as far as space requirements are concerned. Therefore, using a cobot will ease the pressure to take up more space in order to accommodate an expanding operation. This usually translates to reduced rent, something that is definitely great for the company’s bottom line.
3. Limits out-of-control payroll costs
A business with an ever-expanding operation can easily lose control of its payroll costs. As the demand for increased output increases, the company can go on a hiring spree that may eventually lead to a compromised culture or simply inefficiencies in running the assembly line as a result of inadequate training.
Robots work faster than human beings. They can work continuously without needing breaks. And they can even be deployed on a 24-hour production cycle. These qualities reduce the need for a company to go on a hiring spree when the market calls for an increase in its output. This is because robots can not only execute tasks more accurately but also execute multiple tasks that would have required several human beings to do. Therefore, by deploying cobots, a business can avoid all the expenses and inefficiencies that are always associated with hiring sprees.
Given the relatively affordable collaborative robots are, and considering the cost advantages of margins of scale that automation comes with, investing in cobots is one of the best ways through which a small business can reduce its operational costs. Hope this article will get you some knowledge about reducing the operational cost using collaborative robots.
