Webinar | Tuesday 5/21/2024 | 12 pm EST
How to Calculate The Total Impact & ROI Of Automation
Presented by: Alex Koepsel, Sr. Product Mkt Manager
Learn how leading continuous improvement experts assess the impact and overall value when planning automation projects to drive increased throughput, quality, and safety.
You'll learn the ROI equation, variables, and complete list of factors to consider when planning and scoping your automation project. You will also get a better understanding of the different investment options for automation equipment, ranging from 100% upfront purchase, termed lease agreements, and $0 up front Robots-as-a-Service programs - and how to best leverage these for your business.
Here's What You Will Learn:
- Tying Automation to Big Company Goals
- The ROI Calculation and Comparing to Labor
- Net Present Value to Weigh all Your Options
- Calculation Examples
- Tools for Getting Started
About Formic
Founded in 2020, Formic is accelerating the adoption of automation across small to mid-sized U.S. manufacturers and boosting productivity by removing the risk, complexity, upfront capital, and expertise that typically exist as barriers to onboarding this transformative technology. Our “Robotics-as-a-Service” model delivers automation at a low hourly rate with contractually guaranteed performance. Customers only pay for the time the machines are producing for the business.
With a full-service managed automation offering that includes everything from specifying and deployment to 24/7 monitoring, maintenance, and upgrades - all for a low hourly rate, we're creating an innovative and accessible competitive advantage for small and mid-sized factories to enable scale and growth that was once only available to large companies.
Trusted by America's Small & Mid-Market Manufacturers
“Formic has skin in the game because they're incentivized based on when the machine is running, not when it is down.”
“Formic really centralizes and democratizes the capabilities of robotics in a way we've never seen before.”
“We've been looking at automation for a few years... Not having any upfront costs (with Formic) was very attractive and helped ease the minds of owners during our capital planning meetings.”
About the Speaker
Alex Koepsel has 15+ years experience in technical engineering and strategic marketing roles, specifically within robotics, semiconductor, and aerospace/defense industries.
At Formic, he leads their product marketing, brand, and messaging. He works closely with manufacturers and Formic's product and sales teams to continuously improve Formic's value and offering.
Alex earned his Bachelor's degree in Electrical Engineering from Marquette University and his MBA from Rollins College.
Alex Koepsel
Sr. Product Marketing Manager