Speaking "finance" gets results (sidebar)

Dec. 1, 2003
Automation Justification

There are many potential benefits of improved industrial automation systems that can be used to gain support for a project. While not exhaustive, this list contains several ideas. Some of these are easily quantifiable, while others are “softer.” An honest attempt to quantify even the soft items can add enough benefit to gain corporate approval for an automation system upgrade project.

* Improved product quality

* Improved safety

* Increased manufacturing flexibility

* Improved operations reliability

* Improved decision-making

* Improved regulatory compliance

* Increased product yields

* Increased productivity

* Increased production

* Reduced manufacturing costs

* Faster solution development

* Quicker implementation

* Avoidance of lost opportunities

* Increased revenue

* Improved communications

* Improved customer service

* Improved customer retention

* Expanded market penetration

* Training that improves workforce

* Improved morale

* Improved risk management

* Increased profits

See the story that goes with this sidebar: Speaking "finance" gets results

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