Automation Systems and their Return on Investment
Like many other phrases carelessly thrown around by economists and business consultants,Return on Investment has become the overused acronym ROI,and has gained popularity so quickly that engineers more accustomed to dealing with SMT,VOC,PTH and ICT now use ROI as part of their everyday working language. But do those of us who use the acronym actually know what ROI really measures or captures in the manufacturing arena? Do we understand how can it be used to both justify and quantify investments in capital equipment? In fact,is ROI even an appropriate data point given the available manufacturing information flows?