Downtime, in any industry, costs companies millions of dollars per year. Every time a machine breaks down or doesn’t function as it should, the scarcest commodity is lost – time. Regardless of your industry or size, for every single business, time equates to money. Whether this takes form in wages for employees, number of products being produced or even the length of the production process. Everything, is affected by time and this is why “downtime” is such a problem for any business.
From the moment a machine breaks down or your employee is no longer able to fulfill their role – time is still going. As time continues to go, the consequences begin to play out. Production slows down or likely, comes to a complete halt – resulting in not only lost production time but a backlog of work is created. For companies with an already busy production schedule, this is the worst-case scenario.
As orders are no longer able to be fulfilled on-time, customer loyalty is affected. Pressure gets put on workers to meet ever increasing requirements, which more often than not, lead to more mistakes being made as parts for products begin to be missing from orders or labeling of products is inconsistent. The direct impact of a simple “break” is then felt across the entire company and sector in disproportionate magnitudes.
As time continues to go by, every moment begins to be critical. Engineers need to be on site to fix problems and replace parts, new talent needs to be recruited and everything needs to be done in double, triple or quadruple-quick time. You get the idea.
Automating a component of this production process with self-adhesive machines can solve a multitude of problems for companies that rely on manual labor to apply labels to products coming off of the production line. Many times, people are working multiple shifts and multiples production lines at the same time. This may sound like a cost-effective solution, but the bottom line is that it ultimately hurts your company in the long term, both ethically and financially. Employing a person in this capacity will lead to inconsistent label placement, which leads to low consumer satisfaction and no repeat purchases.
Product consistency is a key factor contributing to the overall consumer satisfaction and brand loyalty. This is why it is important to meet increased consumer demand with the right automation system that will bring about a quality product.
Goals for companies are similar across all sectors – a 25% increase on last year’s profit, be the leader in a particular sector or industry, reduce debt and cut costs, or reduce waste and bring a positive impact to the local community. Irrespective of the company’s size or industry, the bottom line is that automation adds value to your company and saves you the most expensive cost – time.