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Best Practices for Using the Sales Velocity Formula to Maximize Profitability

July 5, 2024 by Mark Allinson

Sales velocity is a vital metric for gauging the effectiveness of a sales process.

It measures the rate at which a company turns its qualified leads into revenue. By understanding and optimizing this factor, businesses can maximize their profitability and scale growth efficiently.

To unlock the full potential of sales velocity, it’s important to delve into strategies that affect this vital metric. [Read more…] about Best Practices for Using the Sales Velocity Formula to Maximize Profitability

Filed Under: Business Tagged With: formula, higher, impact, margins, maximize, profitability, sales, velocity

5 Ways Robotics Can Improve Manufacturing Output

May 9, 2023 by Mark Allinson

The introduction of robotics in the manufacturing sector has been advancing quickly over the past few decades, with a resulting increase in production outputs and reducing associated costs.

Automation is proving to be a powerful tool for manufacturers at all levels; it eliminates labor costs and provides large increases in scalability of product output. Companies now have access to new technologies that allow greater levels of customization while also increasing overall efficiency levels. [Read more…] about 5 Ways Robotics Can Improve Manufacturing Output

Filed Under: Manufacturing Tagged With: access, accuracy, costs, customization, energy, greater, higher, improved, labor, levels, manufacturers, manufacturing, output, processes, production, quality, reduce, robotics, robots, tasks

Geek+ launches RoboShuttle Plus to compete with AutoStore

February 8, 2023 by Mai Tao

Geek+, a provider of mobile logistics robots, has released its latest solution, RoboShuttle Plus, which looks similar to, and may compete with, the AutoStore system. 

Geek+ says its new RoboShuttle Plus system achieves one-stop storage and picking of all types of goods and delivers higher throughput and flexibility, adding that “this marks a significant advance in the interoperability of Geek+’s various robot models and a stride towards full warehouse automation”.

The upgraded solution fills the market gap for an all-in-one picking solution by coordinating of three types of robots around one centralized workstation: RoboShuttles handle vertical storage and retrieval of totes, P40 picking robots move smaller items, and P500 and P800 robots move medium to large items. [Read more…] about Geek+ launches RoboShuttle Plus to compete with AutoStore

Filed Under: Logistics, News Tagged With: autostore, centralized, compete, full, geek+, goods, higher, items, latest, move, operations, picking, roboshuttle, robots, solution, storage, system, throughput, types, vertical, warehouse, workstation

Acieta unveils new collaborative robotic system for welding

August 11, 2022 by David Edwards

Acieta has unveiled a new collaborative robotic system for welding. The company says the new “FastARC” cobot can pay back customers’ investment “in as little as six months”.

Acieta says that “everyone is struggling to hire and retain good laborers, especially those with welding skills”. But when the position is unfilled, a welding system sits idle and doesn’t make a profit.

Companies simply cannot afford to wait for the next skilled welder to walk through the door. The labor pool is dwindling and there’s fierce competition to attract those individuals. [Read more…] about Acieta unveils new collaborative robotic system for welding

Filed Under: Industrial robots, News Tagged With: acieta, cobot, collaborative, competitive, costs, cw, fastarc, floor, helps, higher, job, low, lower, months, operate, person, product, production, retain, robot, robotic, skilled, system, welder, welders, welding, work

Nachi-Fujikoshi launches new ‘high-speed, high-precision’ robot series

July 29, 2022 by Mai Tao

Japanese industrial robot giant Nachi-Fujikoshi has launched what it describes as a series of “high-speed, high-precision robots”.

The company says it developed the new robots “in response to customer demands for higher precision, further improving productivity, and miniaturizing electrical and electronic components”.

The three new robots are the MZ07F and MZ07LF with higher speed and precision MZ07. [Read more…] about Nachi-Fujikoshi launches new ‘high-speed, high-precision’ robot series

Filed Under: Industrial robots, News Tagged With: company, contributing, electric, electronic, high, high-precision, high-speed, higher, increases, industrial, labor, lf, manufacturing, mz, nachi, nachi-fujikoshi, operation, precision, productivity, robot, robots, sectors, series, sites

Comau introduces new robot for ‘sensitive’ environments

July 16, 2022 by David Edwards

Comau has introduced its new Racer-5 Sensitive Environments (Racer-5 SE), a high-speed industrial robot designed for the special and sensitive settings that characterize the pharmaceutical, health and beauty, food and beverage and electronics industries.

Featuring a protective water, heat and grease-resistant coating, the ruggedized 6-axis articulated robot fully responds to the demand for IP67 certification, high-grade ISO 5 Cleanroom classification (ISO 14644-1), protection from chemical agents and the need to reduce the risk of contamination. It also has NSF H1 food grade lubrication.

Further benefits of the dedicated robot include reduced operator risk when working with potentially harmful chemicals and substances, as well as increased productivity, traceability, and quality. [Read more…] about Comau introduces new robot for ‘sensitive’ environments

Filed Under: Industrial robots, News Tagged With: agents, certified, chemicals, cleanroom, comau, contamination, easily, ensure, environments, eu, food, higher, ip, iso, mm, payload, production, quality, racer, reach, reduce, reduced, reg, repeatability, risk, robot, se, sensitive

ZF and VinFast to launch autonomous driving systems scalable to higher levels

February 14, 2022 by David Edwards

VinFast, a fast-growing vehicle manufacturer in Vietnam, says it will launch vehicle platforms that feature “higher level automated functions” in the near future, utilizing automotive systems maker ZF’s expertise in hardware, software and system integration.

Le Thi Thu Thuy, VinFast Global CEO, says: “Our companies are an outstanding match as our goals for mobility are perfectly aligned.

“The future is both electric and automated as we seek to help protect our environment while providing transportation that enhances safety, convenience and efficiency. We will work together to achieve this vision for VinFast customers as we expand our sales around the world.” [Read more…] about ZF and VinFast to launch autonomous driving systems scalable to higher levels

Filed Under: Autonomous Vehicles Tagged With: automated, central, convenience, driving, enable, functions, future, global, higher, launch, level, levels, mobility, parking, safety, sensor, sensors, systems, valet, vehicle, vinfast, vision, work, zf

3 Aspects that Impact Car Insurance Rate

January 11, 2022 by David Edwards

Auto insurance may be a little like fashion – it should be the correct match and will be comfy to the wearer. Coverage and services vary from one person to another. The premiums additionally vary and are distinctive to individual needs, professions, and characteristics.

The rates for two individuals might take issue even if the vehicles’ values are similar. Below are the kind of things you are likely to be told a lot regarding the factors that influence automobile insurance rates.

1. Age and Gender

Though it’s entirely out of your hands, age is maybe the foremost important rating factor. Younger drivers are thought of as riskier, so paying a higher insurance rate.

Younger drivers incur the highest insurance rates and people within their mid-lives (about 50 years) pay the lowest rates. Younger drivers might ante up to $5,500 per year, unlike quiet drivers in their mid-life stage.

Automobile insurance corporations base such selections on facts, in line with the Association for Safe International Road Travel (ASIRT).

Road accidents are the leading explanation for death in the US for people under 54 years. About half of these deaths are healthy young adults aged 15 to 44.

The agency paints a grim image of reality: every day, seven teens aged 13-19 die because of automobile crashes.

With such statistics, it’s straightforward to envision why insurers charge younger drivers higher premiums. However, the question is, why do auto insurers charge senior drivers more than individuals in their 50s?

2. Where you live, what you do, and how you manage your finances

Since each state in the US is semi-autonomous, auto insurance laws vary from one state to another. Therefore, insurance rates by car make and model vary depending on your location.

The most recent analysis shows that if you reside in Michigan, the typical motor car insurance rate is over $5,000. The typical auto insurance rate in states like Iowa, San Diego, and Wyoming, is well below $500.

The rates might additionally vary even among a state. Drivers in rural areas pay below those in cities and concrete centers. Why? There’s a higher probability of your car being hit, vandalized, or purloined if you live in cities rather than in rural areas.

Excluding wherever you live, your job and the way you manage your finances also matter to automobile insurers. Some insurers consider the rate.

Careers like home health care employees or US Army veterans are factors in computing the premium. Also, in some states, insurers apply credit score insurance ratings.

An improved credit score interprets to a lower motor car insurance rate and vice versa. However, in California, Hawaii, Massachusetts, Michigan, and Washington, this practice is illegal.

3. Your Relationship With Auto Insurers

Motor car insurance corporations take into consideration the history they have with their clients. Depending on the length of your relationship, your consistency, and therefore the demands you make, they’ll vary your premiums rates.

Insurers consider first-time consumers as riskier. Thus, they charge more for new customers. Also, if you have had an inconsistent relationship – your record has amounts of coverage breaks – the non-depository financial institution can interpret it as an indicator of higher risk.

They perceive it as a period after you were driving as uninsured. In addition, if you have a history of many insurance claims (or claims filed against you), expect a higher premium rate.

Are 4Runners expensive to insure?

There is also a question: Are 4Runners expensive to insure? The age of your Toyota 4Runner can impact your overall auto insurance premiums.

Older 4Runners tend to be more cost-effective to insure than newer 4Runners. 2003 4Runner insurance prices are under Toyota 4Runner auto insurance rates for a more modern model.

The truthful market varies of a vehicle confirmed principally by its age, and that’s however insurers determine what quantity your vehicle has to be covered.

It additionally depends on if you get a rear-wheel drive, 4-wheel drive, or front-wheel drive, yet as alternative choices which will have an effect on your mileage, weight, cubiform feet of freight space, and fuel economy and systems efficiency.

Keep Your Premiums in Check

A lot of factors among your management affect your automobile insurance rate. Currently that you simply recognize those, change your driving style and how you relate with insurers to keep your premiums in check.

Filed Under: Industry Tagged With: auto, automobile, car, drivers, higher, insurance, insurers, premiums, rate, rates, vary

ABB Robotics offers South Africa’s food and beverage industry ‘a taste of the future’

October 18, 2021 by Sam Francis

By Linda Eales, robotics division manager at ABB South Africa

The future has never looked more unpredictable for South Africa’s food and beverage (F&B) sector, as it battles a perfect storm of pressure brought on by Covid-19, changing consumer and retail consumption patterns, disrupted supply chains and ongoing scrutiny around food safety.

The food and beverage sector has been battered by a couple of high-profile food safety scares in recent years, and is scrambling to keep up with mega-trends like digitalisation and shifting consumption patterns. The good news is that this could be the perfect opportunity for the local F&B industry to reposition itself for the present and future.

F&B manufacturers increasingly need more flexibility on their production lines to enable them to adapt to changing consumer tastes and demands. At the same time, they require higher levels of productivity and efficiency, while maintaining the highest levels of product quality. In many cases, the answer to these challenges is to install a robotics solution, which makes F&B operations safer and more productive. [Read more…] about ABB Robotics offers South Africa’s food and beverage industry ‘a taste of the future’

Filed Under: Features, Industrial robots Tagged With: abb, africa, automation, beverage, businesses, f&b, food, formats, future, higher, improve, industry, jobs, percent, productivity, quality, robot, robotics, robots, safety, south, time

GreyOrange expands robotics reach to new European markets

October 11, 2021 by David Edwards

GreyOrange, a warehouse robotics and automation company, has expanded its GreyMatter operating system and Ranger MoveSmart robots in Active Ants’ e-fulfilment centre in Willebroek, Belgium.

GreyOrange says its solution to modern fulfilment has already been providing higher value and higher levels of efficiency to the Active Ants fulfilment centre in The Netherlands and has since scaled its offering to the Belgian market in preparation for surges in eCommerce demand over the end of year holiday period.

The expansion is the start of a programme to improve efficiencies across several warehouses in Europe. [Read more…] about GreyOrange expands robotics reach to new European markets

Filed Under: News, Warehouse robots Tagged With: accurate, active, adapt, ants, automation, belgian, centre, customers, deliver, delivery, e-fulfilment, ecommerce, efficiency, europe, fulfilment, future, greymatter, greyorange, higher, market, movesmart, operating, orders, ranger, retail, robots, scale, services, solution, success, system, warehouse

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