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.