Industrial Automation - It Doesn't Have To... Be a Loss

elliTek's Automation Know-How

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ROI - Return on Investment - pre-pandemic vs post-pandemic. How ROI looked before the pandemic is completely different in a post-pandemic world. Does your perspective on ROI need to change as well?
Traditionally, the focus for production engineering was to increase production. Automation was trying to increase production which meant getting more out of the line without adding people. And, in some unfortunate instances, there were times where it reduced the number of associates.
Increasing production is a good goal to have. But is it the correct goal in a post-pandemic world when labor is difficult to find?
When there are lots of job openings but no applications coming in, the whole ROI has to turn on its head. In the absence of labor, the goal should be the creation of labor. It's all about survival at this point.
Automation in today's world doesn't mean reducing labor; it's reclassifying the labor you already have to processes that are more expensive or impossible to automate.
In the past, automation was expensive. Now as we're reemerging from the pandemic, can you afford not to automate?
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Chapters

1. Industrial Automation - It Doesn't Have To... Be a Loss (00:00:00)

2. Welcome! Today's Topic is ROI (00:00:01)

3. Shout Out to elliTek Employees - Thank you for your hard work! (00:01:54)

4. elliTek's Training Center is Now Open (00:05:57)

5. What is ROI Traditionally? (00:08:06)

6. How to Calculate ROI - the Traditional Way (00:20:15)

7. Different Perspective for Today's Post-Pandemic World (00:30:16)