Managing a warehouse, distribution facility, or other location where materials handling is your primary focus means having a relentless focus on efficiency and productivity. The faster you can move goods, and the higher the volume you can handle, the more profit and growth you enable. It stands to reason that you are always looking for ways to improve, and recent developments in materials handling automation promise to deliver significant returns on your investment. To realize those returns, however, you will have to take on a major overhaul. The cost of upgrading to automated systems is the biggest limiting factor for most facilities, regardless of ROI.
Although the upfront cost of automating is daunting, the investment can pay itself back in productivity gains faster than you may realize. A recent article in Modern Materials Handling showed how such an upgrade could pay for itself in less than three years – and generate major profits thereafter. Depending on the level of automation you pursue, your new equipment could pay for itself in as little as six months – and can generate return on investment for over a decade. The power and precision of an automated facility are leaps and bounds above what can be achieved with forklifts and clipboards; without the initial cost barrier, upgrading would be a simple decision.
Thankfully, there is a way to automate your materials handling facility as soon as possible while covering the cost of your new high-tech equipment with the savings and profits it will generate. Financing your materials handling automation equipment through a provider like TimePayment lets you add capacity and efficiency today, and pay for it over time in manageable installments. Most importantly, since your new equipment starts working as soon as it is installed, financing it enables you to start seeing ROI immediately.
To learn more about leasing your materials handling equipment, the financial products available to you, and how you can increase productivity and profit with an automated facility, contact a representative of TimePayment today.