Automated Labeling System (Cost Benefit Analysis an IRR) Assignment

Automated Labeling System (Cost Benefit Analysis an IRR) - Assignment Example However, the intuitive controls for the system facilitates in ensuring that the training efforts are reduced significantly. The benefit of the automated labeling system for an ASRS is that the ASRS is fully automated and it attains a higher operation and efficiency in terms of storage and retrieval of information and data. Thus, the process time for the system is improved significantly with the automation of the labeling system. Moreover, the automation creates an opportunity for the integration of the system with all the electrical and mechanical software and hardware, which is provided. The implementation of the system will also ensure that ASRS attains cost effectiveness, flexibility and reliability in the conduct of its services (Michaelyn et al., 2002). Furthermore, process scheduling and data management occurs effectively. Such entails tracking of the results. The automation will also address the issue of the personnel shortage since there is less manpower needed for the operation of the system. Such employees are relocated to other job tasks in the organization, which are demanding a boost on thei r man-power level. Hence, system automation will ensure that the storage and retrieval time is reduced significantly. In addition, monitoring and evaluation of the performance level of this system can be done easily by tracking the results of the system output on daily basis. The internal rate of return for implementing the automated labeling system is very high. Such is based on the potential of the system to improve on the performance and efficiency of ASRS, which increases the productivity and profitability level of the organization. The system also has a higher rate of return on the investment based on its cost effectiveness, improvement of the accessibility and flow, labor reduction, easy maintenance and saving on the floor