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Cost Efficiency of My Spot Welder

Cost Efficiency of MySpot: 1

Product 80 x 160 x 5000 mm
Total spot welding points 50
Production volume/day 30 units

Item Rivetting Machine MySpot
Number of Personnel Required 3 2
Time requested for setting 3 people x 10 sec x 30 units = 900 sec = 0.25 h x $40 per hour = $10 2 people x 5 sec x 30 units = 300sec = 0.08 h x $40 per hour = $3.4
Welding Time 6 sec per spot x 50 points x 30 units = 9,000 sec = 150 min. = 2.5 hours x 3 people x $40 Per hour = $300 3 sec per spot x 50 points x 30 units = 4,500 sec = 75 min. = 1.25 hours x 3 people x $40 Per hour = $100
Total Cost $310 per day $103.40 per day
Cost efficiency $310 - $103.40 = $206.60 x 20 days per month = $4,132

Cost Efficiency of MySpot: 2

Product Cabinet Box
500 x 980 x 1880 mm
Total spot welding points 138
Production volume/day 20

Item Conventional Spot Welder MySpot
Number of personnel required 3 2
Time requesting for setting 3 people x 10 sec x 3 times x 20 units = 1800 sec = 0.5 h x $40 per hour = $20 2 people x 5 sec x 3 times x 20 units = 600 sec = 0.17 h x $40 per hour = $6.8
Welding time 6 sec per spot x 138 points x 20 units =16,560 sec = 276 min = 4.6 hours x 3 people x $40 per hour = $552 3 sec per spot x 138 points x 20 units = 8,280 sec = 2.3 hours x 2 people x $40 Per hour = $184
Putty Work Putty (2kg) = $20
5 min per unit x 20 unit = 100 min = 1.7 hour
1.7 hour x $40 Pre hours = $68
not required
Grinder finishing 3 sec Per point x 138 points x 20 units = 8,280 sec =2.3 hours x 2 people x $40 Per hour = $184 not required
Control working environment Running cost of air purifier 8 hours = $2 per day $954 per day
Cost Efficiency $826 - $190.8 = $635.2 x 20 days per month = $12,704
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