RETURN ON INVESTMENT IN AUTOMATION IN MACHINING PROCESSES

"There is always difficulty in taking the first step." as cliché as it sounds, is a phrase that holds importance not only for individuals but also for businesses. One of the most crucial factors influencing an investment decision for any business is the payback period, i.e., how long it will take for the investment to generate returns. The main objective of any investment is to achieve profitability, therefore, what’s making it challenging is to take that initial step.