Cost Accounting Issues on Automation: A Case Study on Reducing Start-Up Cost of Automation in Local Factories

Abstract

The concept of Industry 4.0 has turned out to be important in modern-day industry. Automation is an integral part that builds the concept of Industry 4.0. Automation is viewed as inevitable in manufacturing given rising labor costs and the need to improve the country’s productivity. However, it has become difficult for small and medium enterprises (SMEs) in the manufacturing sector to automate without spending a considerable amount of budget to implement automation. For this proposed system, an alternative method to conventional automation equipment has become the focus of the study. The technology fixated on auto-reject detection. Ultimately, an affordable alternative for auto-reject detection technology is produced.