Connected Factory ROI Calculator

Discover how Esprida can decrease your cost of operation.

This ROI calculator provides an approximation of hard cost savings that will improve your operation if you start using machine performance data. Please fill the form below to know more.

Tell us about your operation

Operation Size

Number of machines With control panels that you want to connect.




10
50
100
Machine cost per hour Fully burdened.




50
100
150
$

Operation Hours

Hours per day
Days per week
Weeks per year

Benefits per hour

Reduce downtime Your estimate of time saved by using dashboards to communicate status, actual vs. target production




4
10
15
Improved Visibility Operators often increase product throughput because machine activity is being closely monitor by the second




2
10
20

TIME SAVED PER HOUR Your estimate of time saved by using dashboards to communicate status, actual vs. target production.

1 hr/day

of downtime saved per machine.

51 hr/day

of downtime saved all machines.

10 %

of overall equipment effectiveness gain

Dollars Saved Every hour saved, generates direct dollars saved in labour and machine running costs; and indirectly dollars earned by spending those hours on increasing throughput. This conservative ROI calculator only considers the direct savings, and not the extra earning potential.

$ 8 /hr

of downtime saved per machine.

$ 80 /day

of downtime saved per machine.

$ 400 /week

of downtime saved per machine.

$ 19,200 /year

of downtime saved per machine.

$ 57,600 /over 3 yrs

of downtime saved per machine.

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Executive Summary

Using machine data in dashboards, and apps frees up time for operators, managers, and machines from communicating status and helps them focus on increasing production every hour. The ROI is calculated based on savings on machine running costs; it does not include potential benefits of increased production or soft benefits

Time Saved per Hour

10%

of overall equipment effectiveness gain

Benefits in Dollars per Year:

$979,200

total savings per year

Benefits in Dollars over 3 Years

$2,937,600

total savings over 3 years

Other Benefits:

Idle Time: Reduction in idle time translates to increased capacity and utilization of machines.

EXAMPLE: 1 min/machine x 5 setups/day - 1,825 mins/year
@ $125 /machine = $3,800
x 25 machines over 3 years, this amounts to $285,000

Efficiency: Using the data, you have ability to identify OEE issues, verify improvements, and improve OEE continually over time.

EXAMPLE: Move OEE to 85% or higher.

Utilization: Improved utilization of machine.

EXAMPLE: 30 hr/machine/days 180 hours/year
@ $125 hr/machines = $22,5000
x 25 machines over 3 years, this amounts to $1,687,000

Visibility: Know exactly what is going on in real time and historically.

EXAMPLE: 5 mins/machine x 5 times a day = 9,125 min/year
@ $125 hr/machine = $19,000
x 25 machines over 3 years, this amounts to $1,425,000

Overtime: Avoid situations where overtime is needed.

EXAMPLE: 1 hr/machine x 5 days/week = 260 hrs/year
@ $45 /hr = $11,700
x 25 machines over 3 years, this amounts to $877,500

The ROI results provide a general guideline on potential savings. Every company has different processes that can impact the results, so the results are not guaranteed.