Robotics & Automation News

Market trends and business perspectives

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Teledyne Technologies to acquire FLIR Systems

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Teledyne Technologies and FLIR Systems have entered into a definitive agreement under which Teledyne will acquire FLIR in a cash and stock transaction valued at approximately $8 billion.

Under the terms of the agreement, FLIR stockholders will receive $28 per share in cash and 0.0718 shares of Teledyne common stock for each FLIR share, which implies a total purchase price of $56 per FLIR share based on Teledyne’s 5-day volume weighted average price as of December 31, 2020.

The transaction reflects a 40 percent premium for FLIR stockholders based on FLIR’s 30-day volume weighted average price as of December 31, 2020. [Read more…] about Teledyne Technologies to acquire FLIR Systems

Mitsubishi Electric selling collaborative robots at half price

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Mitsubishi Electric is selling its collaborative robots at half their normal price, according to a report on the Nikkei Asian Review website.

The giant industrial conglomerate has installed dozens of its own collaborative robots at production facilities around the world, and is targeting sales of 1,000 cobot units per year.

Mitsubishi has named its collaborative robot range “MELFA”, short for Mitsubishi Electric Factory Automation, and the main cobot model is the Assista. [Read more…] about Mitsubishi Electric selling collaborative robots at half price

Oil-producing nations struggling with economic woes as society shifts towards electric movement

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Oil-producing nations located in the Middle East and North Africa are struggling with their economies, most of which are not diversified enough to offset the losses caused by falls in the price of crude.

A quick check shows that the current price of a barrel of crude oil – which is about 160 litres – is just above $40, which is significantly lower than certainly Arab countries need it to be.

According to the Economist, Algeria needs the price to be about $157 a barrel, while Oman wants to get to at least $87. [Read more…] about Oil-producing nations struggling with economic woes as society shifts towards electric movement

Important 2020 Trend: Price Alignment Automation

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By Thomas R. Cutler

Automation solutions have been adapted and adjusted promoting the ease of setting and managing pricing boundaries for manufacturers.

When corporate objectives include rapidly and repeatedly adjusting prices at the most granular level, automation must be designed to alleviate the pain by using simple rules to derive prices.

Previously, most industrial business decision-makers feared an extensive implementation time, complexity, and significant costs for pricing technology. [Read more…] about Important 2020 Trend: Price Alignment Automation

Automation Drives COGS Reduction for Small and Mid-sized Manufacturers

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By Mike Franz, founder and creator of the WorkCenter from ManufacturingPower

Automated access to summary cost and margin information for each SKU delivers light SaaS “MRO/tail-spend” price transparency, returning a minimum 11-14 COGS (cost of goods sold) reduction to the bottom line.

Every manufacturer must pay attention to costs and competitors’ pricing. For better or worse, purchasing professionals are rewarded for capturing the lowest price; few have the time to scour the internet for ever RFQ to see if the bid offered is indeed competitive. Measuring value with price experiments is not realistic.

Full-time competitive pricing professionals could work 24/7 to generate statistically valid and accurate data. For the small and mid-sized manufacturer, the solution is to automate price comparison functionality. Until recently this was prohibitively expensive and often too complex. Automating costs and competitive prices can be achieved in a $5,000 per year SaaS solution. [Read more…] about Automation Drives COGS Reduction for Small and Mid-sized Manufacturers

Zebra Technologies unveils new robot for retail operations

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Zebra Technologies has introduced SmartSight, a robot for mass merchants, grocers, and supermarkets and hypermarkets.

The company is showcasing the new machine at NRF 2020, the retail technology show currently being held in Chicago, USA.

SmartSight leverages the computer vision, machine learning, workflow automation and robotic capabilities of Zebra’s EMA50 enterprise mobile automation system to accurately identify out-of-stock conditions, pricing inconsistencies and planogram issues on the shelf. [Read more…] about Zebra Technologies unveils new robot for retail operations

Buying a Used Ford: VIN Search Is a Must

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Henry Ford was a great industrialist and businessman. He reinvented the notion of the American automobile industry by his Ford Motor Company.

This brand has become popular not only in the United States but also all around the world.

Purchasing a new Ford from a salon might be expensive and simply unnecessary. [Read more…] about Buying a Used Ford: VIN Search Is a Must

Automation 2020: Manufacturers Adopt Overall Pricing Effectiveness

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By Gabriel Smith, chief evangelist at Pricefx

Eliminating pricing waste: Overall Pricing Effectiveness (OPE)

There is an even more effective means to improve profitability than variable cost reduction.

In fact, according to many studies, improving variable cost typically results in a <8 per cent improvement in profitability whereas improving price results in an >11 per cent improvement in operating profit.  [Read more…] about Automation 2020: Manufacturers Adopt Overall Pricing Effectiveness

AI driving actionable sales intelligence in manufacturing

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By Barrett Thompson, Zilliant Business Solutions

The manufacturing plant floor has been automated and optimized for years; yet revenue and profit growth remain stagnant.

Seemingly everything has been process-improved with lean manufacturing principles; however, the cost of doing business remains high and the C-Suite continues its demands for an increase in revenue per transaction and gross margins.

Two functions at manufacturing organizations are prime for process improvement:

  • selling; and
  • pricing.

A closer look at the selling function reveals that despite reducing labor costs via transformational automation solutions, sales teams still manage large, antiquated portfolios. They are expected to increase their book of business while retaining current customers. [Read more…] about AI driving actionable sales intelligence in manufacturing

DJI drops price of Phantom 3 drone by 20 per cent

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DJI Phantom 3 drone
DJI Phantom 3 drone

DJI has reduced the price for its Phantom 3 Professional drone. It will now sell for $999, down from US$1,259, with similar price action taken in other markets around the world.

“We are constantly assessing our product range and market conditions to determine the most-appropriate and competitive pricing for consumers,” a DJI spokesman said.

“As more consumers advance their aerial photography skills, they are also asking for higher-quality cameras and more professional features on their drones. The price adjustment will enable more people to access our professional-grade aerial technology and open up more creative possibilities.”

The lower price comes around 10 months after drone first went on sale. DJI launched the Phantom 3 Professional in April 2015.

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