1. Cost automation,,,,,,,,
.AUTOMATION SYSTEM IS A COMPLEX SCIENTIFIC AND TECHNICAL,ORGANISATIONAL AND
ECONOMIC TASK THAT REQUIRES CONSIDERABLE MATERIAL,CAPITAL AND LABOUR.
THE BEST-KNOWN MANUFACTURERS OF AUTOMATION EQUIPMENT: SIEMENS, ROCKWELL
AUTOMATION (ALLEN-BRADLEY) SCHNEIDER-ELECTRIC, BECKHOFF, MITSUBISHI ELECTRIC
MAIN GOAL OF AUTOMATION I IS TO ENHANCE PROCESSES, UPSURGE PRODUCTIVITY OF
THE EQUIPMENT, SAVE FUEL AND ENERGY RESOURCES, REDUCING ACCIDENTS AND HUMAN
ERROR
AUTOMATIONIS DONE WITH THE HELP OF INTERNET AND CYBER SOLUTIONS IN MOST OF
THE COMPANIES WHICH HELP IN REDUCING LABOUR COST,DIRECT MATERIAL COST.IT
HELPS TO BETTER MANAGE BATCHES OF PRODUCTION,LETS TAKE A FOOD
INDUSTRY,DOMINOS,NOW AUTOMATION WITH THE HELP OF INTERNET AND CYBER
SOLUTIONS HELP TO IDENTIFY PRODUCTS,RAW MATERIAL NEEDED,ETC.THIS IS CALCULATED
BASED ON PAST DATA,VICINITY,TIME AND OTHER FACTORS.
FIXED COSTS ARE BECOMING MORE PREDOMINANT AS BECAUSE OF COST
AUTOMATION.VARIABLE COSTS ARE RARE AND OCCURS ONLY IN RARE CASES WHERE THERE
IS A BREAKDOWN OR MISCALCULATION OF RESOURCE BASED VIEW OF THE FIRM