Are you considering investing in a new packaging machine for your production line? How can you determine if upgrading your packaging equipment will add actual value to your operation and if you will be able to recoup your investment?
Before moving forward with a major purchase like packaging equipment technology, it’s important to get an accurate estimate of the impacts the new packaging machine will have on your production line. A helpful metric that businesses use to compare options is ROI, and calculating the ROI of a packaging machine will help guide decision-making and purchasing decisions.
Continue reading Measuring ROI: How to Calculate ROI on Packaging Machines