While it is still unclear how severe an effect the current virus pandemic will have on the global economy, it is already clear that it has brought on additional challenges for everybody in the automotive industry. Luckily, there is a lot you can do now to be ready when the market picks up again. We have worked with our customers to create a new Mapvision Quality Gate ROI and PBP calculator.
An economic downturn exposes the weak spots in supply chains and the inefficiencies in production. When times get tough, it is time to start looking for places where you can improve your business. Now that we all must save money and review our investment plans, it is more important than ever to calculate carefully which investments give you the best return and the fastest payback period.
Luckily, there is a lot you can do now to be ready when the market picks up again. From improving the yield of production lines to fast ramp-up of adjusted lines to complete refurbishments of factories, the time to prepare is now.
Contact us for a ROI calculation with your production data
To be able to better estimate the return on investment of a Mapvision Quality Gate installation, we have worked with our customers to create a new Mapvision Quality Gate ROI and PBP calculator.
We have included costs of production issues from simple quality complaints to sorting and rework, and added savings from faster production ramp-up and scraps reductions, to see how much the installation of new Mapvision Quality Gate in-line inspection systems would typically save over the lifecycle of a production line.
If you are planning production adjustments or rebuilding your production lines due to changes in production plans (because of the virus or otherwise), Mapvision Quality Gate can also help. The calibration of the new or existing production setup will be faster with real-time visual inspection data.
Even without any really expensive incidents, such as line shutdowns (not to mention recall campaigns), the payback period of the Mapvision systems are often just a year, for an average 5 years ROI of 500%. In case you can avoid a line shutdown because of the quality data from the Mapvision installation (and this has already happened with some of our customers), it is possible that you would recover the investment cost in only weeks.
Join me on a webinar about ROI calculations of quality systems
As our CEO stated in his recent letter to our customers and partners, we believe we can raise stronger after the current crisis and change the way the automotive industry does quality inspection for good. Mapvision Quality Gate is one of the tools that will help in achieving that goal. With a surprisingly short PBP and high ROI!
If you want to hear more and see a live demonstration of how we calculate the ROI of an Mapvision Quality Gate investment, please join me on our upcoming webinar.