Choosing the parts feeder system manufacturer that’s going to create the best solution for your business requires research. Some companies offer solutions with lower costs up front, but you end up paying more over time with repair, system down time, and lost productivity and efficiency.
Evaluating Total Cost of Ownership (TCO) is critical when selecting a feeder system vendor. You must consider the following:
Some companies focus only on the upfront costs of a project, when the long-term factors have a much greater impact on ROI. One distribution company, for example, opted to purchase a feeder system for $3,000 less than a Hoosier Feeder system, to orient a pill bottle. Changing over a new part with their system ended up costing the company more than 8 hours of productivity with each part change out. The proposed Hoosier Feeder system would have taken under 10 minutes to change out a part. Measured against typical daily results, the company ended up losing more than $6,000 in lost production every time they needed to switch products. It is important that businesses realize that down time and lost production can become some of the largest TCO expenses.
What efficiencies do you think could be realized by installing a new system?
How can a better feeder system improve your overall assembly ROI?
To learn more about how Hoosier Feeder Company can help, contact us today.