The Automation Industry: The Cost of Down time The Automation Industry: The Cost of Down time June 5 Timothy Fosu-Mensah Manchester United Jersey , 2013 | Author: Todd Smith | Posted in Business

There is no question the automation industry has made great steps and facilitated bigger precision and savings in every type of manufacturing activities. Nevertheless, automation (like any other system) can break down. It could also require straightforward upkeep from time to time. From a bottom line perspective its important that a company know, with relative precision, what those down times cost so the figures can be utilised in budgeting and pricing.

Informed management is smart management. It is not extraordinarily hard to investigate the cost of down time by employing particular parameters. Certainly the cost of labor is the 1st prime to are evoked, but there’s are also other points to think about such as a product delay, bottlenecks or blockages in other bits of the manufacturing process while upgrades or repairs occur for example. By looking at these contributors a company can identify the best timing for downtimes.

Let’s use a straightforward example. Say company A knows that the demand for product experiences seasonal highs and lows Sergio Romero Manchester United Jersey , it is smart to schedule down time for a period when demand is the lowest. Otherwise or possibly cooperatively the company could begin watching for new automation equipment that's being offered at lower price-points and buy, then wait to install till that off season rolls around. The sole difficulty with the second eventuality is storage. If you do not have a facility for your equipment then that cost needs to be factored in too.

In looking at your costs for down time, some chiefs weigh overhead costs heavily. But when you consider that those costs are ALWAYS part of the company profile, actually the direct labor is a far greater weight. Along with those man hours there’s also the employee’s insurance, IRAs, overtime (if applicable) for example. Also consider indirect work like inspectors Phil Jones Manchester United Jersey , material handlers, advisors, administrative personnel or regular staff who have to take time from standard obligations to assist in managing the goals for the down-time.

Constants in the world of down time include gear costs and labor (including QC). Less certain is what kind of time you will need, how much production reduces, consultation, any fitting necessary Paddy McNair Manchester United Jersey , and shipping the mandatory parts. A flow chart can explain a large amount of this data, especially if the manufacturer is using information gathering systems.

After you've been through one automation downtime cost calculation you can use that info or any future such endeavors. Some factors will change unless you have to do the same project, but having a functional format saves a great deal of time going forward.

Todd Smith is the founder of psifla, a website with information about automation systems

Should You Start Working From House Posting Ads Online? Aimee Chichester
Submitted 2014-05-09 10:24:08 You probably have a delightful theory of what working from house is like, if you've just started your search for a home based occupation. You probably picture yourself getting out of bed whenever you want, slipping your feet into fuzzy slippers and shuffling to the kitchen to get some coffee Michael Carrick Manchester United Jersey , afterward shuffling along to your office to place in another amazing day on the job then later going to the mailbox to grab your weekly paycheck of several thousand dollars. I despise to burst your bubble, but it does not work that way. Actually, I'd like to clarify that and say it doesn't constantly work that manner.

The truth is, working from home is normally a lot more difficult than working within an office somewhere. Hyped and gougers -upwards business opportunity advertisements have given us the idea that working from home is oh-so-easy. We just relax on a tropical shore, then go collect our pay check. I'm convinced you've seen advertisements that way. Those folks who currently work at house know better!

Below are a few things you should contemplate before bound into a work at home occupation:

How much can you want to get? Be ready to make less than you'd at an occupation outside the residence, if you want to work for an employer as a telecommuter. A job that pays $11.00 an hour in the regular workforce might spend $7 or $8 an hour at residence. There are exceptions of course. Some jobs Matteo Darmian Manchester United Jersey , like internet design, virtual helping and images, other professional jobs and cryptography and medical transcription will likely pay a lot more than a straightforward data entry or customer service job. Many work on home jobs do not spend hourly both. For data entry employment, you might get compensated per part, and for telephone jobs you could easily get compensated per "discussion minute" (just those minutes you might be really on the telephone number with a person.)

Can you need advantages? Benefits are not provided by the vast majority of work at home jobs like medical insurance or life assurance. Again, there are exceptions.

Taxes There are firms that'll hire you as a real "worker" and they're going to take taxes out of your pay. However Marouane Fellaini Manchester United Jersey , some will simply hire you as an "independent contractor," and you happen to be responsible for paying your own taxes.

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