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TRG of MHI Presents: “Warehouse Automation ROI: Calculation Tips and Tricks”

Sponsored by MHI

  • Date Tuesday, March 10, 2020
  • Time 3:30 PM - 4:15 PM
  • Location Emerging Technologies Theater
  • Type Seminar
 

What You Will Learn

Return on Investment, or ROI, is a key management tool used to evaluate specific projects, estimating benefits and costs in order to select which projects to fund. Practitioners of ROI need to be familiar with key terms, such as net present value (NPV), minimum acceptable rate of return (ROR), the payback period, and other analysis methods before investing in new capital investment projects. Calculating ROI for warehouse automation projects can be a data-intensive endeavor. Our panel of experts from The Robotics Group (TRG) will discuss the potential benefits from implementing automation in warehousing and distribution applications, and give examples of how to incorporate labor variables such turnover, absenteeism, and onboarding into ROI calculations. We will also discuss ways in which practitioners can identify and communicate key performance indicators that will help you in ROI discussions.
 

Key Takeaways

• How to set up and understand an ROI model
• Key terms and concepts: ROI, net present value, rate of return, and buyback period
• Identify and quantify intangible inputs into an ROI model
• Identify KPIs or other measurement criteria your client needs to meet in order to implement a new project

 

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