Automation World reported on multiple case studies arguing that automation standards can actually help manufacturing companies save money. They concluded, "Manufacturing plants and utilities should continue to find ways to increase output, increase yield and decrease scrap while reducing operating costs and missed production opportunities. Automation standards can noticeably facilitate reaching those goals." You don't just have to take their word for it - multiple examples showed that putting off creating these standards cost companies more money in the end. Click the link to read more!
When manufacturing companies attempt to raise profits by doing more with less in the areas of human resources and capital spending, they might find they are inadvertently distancing themselves further from their goal. Reducing headcount in manufacturing automation support places substantial burden on the remaining technicians to effectively respond to production’s calls for help. Reductions in capital spending allocations force procurement departments to routinely award contracts to the low-dollar bidder while assuming all the bids are equal in content and deliverables. In both instances, the manufacturing companies can incur much higher costs as time goes on that can quickly offset the initial savings of cutting headcount or going with the lowest price. Having automation standards in place can help a manufacturing company reap the intended initial cost savings while mitigating the risk of incurring unintended higher total cost of ownership. Read More