Try our ROI calculator to uncover the hidden inefficiencies costing your business
Automating manual, repetitive and time-consuming tasks allows manufacturers to save time and money – but how do you get buy-in from your wider team if you don’t know exactly how many hours and days are lost?
By calculating the total time and cost savings on a weekly basis, you can build up a picture of where you could make improvements through automation, both in the short and long-term. This calculator makes it easy to understand your current performance, track key metrics and assess the annual impact.
To get started, simply add the values into the calculator below. If a task or process isn’t relevant to your business, leave it blank.
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What you’ll get:
A clear understanding
Of the time teams spend on routine tasks, as well as how many hours are needlessly being clocked up due to errors, product reworks and machine downtime.
A clear overview
Of which areas of your business are most, and least – efficient.
Great insights
To help you build a strong business case for automation.
“SEE HOW AUTOMATION COULD MAKE INEFFICIENCY A THING OF THE PAST”
Insights to make better decisions
Our ROI calculator is a starting point for better decision-making around automation – from building your digital foundations with ERP software to adopting advanced technologies like artificial intelligence (AI) and Internet of Things (IoT). In a tight labour market, your team needs to focus on the tasks that deliver value, not the routine ones that could easily be automated.
Quantify the cost
Quantify the cost of reworks, admin and employee communication in pounds to create a strong business case for automation.
Get reliable insights for your business
See exactly how much your business could save, not anyone else’s.
Set a benchmark
Understand the impact of improvements, including automation, through regular monitoring.
Grow sustainably
If you’re planning to grow, our calculator helps you identify the processes that will dent your profits as you scale up production and staffing.
Work Orders & Admin
Time spent per week searching for work orders
Enter value greater than 0
Enter value greater than 0
Time spent per week on manual admin
Enter value greater than 0
Time lost per week due to miscommunication
Enter value greater than 0
Enter value greater than 0
Errors & Quality Control
Time spent per week correcting errors
Enter value greater than 0
Enter value greater than 0
Time lost per week on reworking products
Enter value greater than 0
Enter value greater than 0
Hours per week machines are idle
Enter value greater than 0
Time spent per week searching for parts
Enter value greater than 0
Enter value greater than 0
Inspections & Problem Solving
Time spent per day on inspections
Enter value greater than 0
Enter value greater than 0
Time lost per week solving quality issues
Enter value greater than 0
Enter value greater than 0
Time spent per week retrieving data
Enter value greater than 0
Enter value greater than 0
Training & Communications
Time spent resolving issues via communication
Enter value greater than 0
Enter value greater than 0
Time spent per week onboarding
Enter value greater than 0
Enter value greater than 0
Average employee cost
Enter value greater than 0
Your Company's Potential
With savings like hours per year (≈ working days), you gain valuable time that can be reinvested in:
- Operational Excellence
- Increased production capacity
- Reduced workload for your team
Trusted by 2,500+ manufacturing companies who already save time every day with Ridder iQ.
Would you like to save time as well? Book a short call to take the first step to translate your ROI result.
Your Savings
FAQs
Why did you create the calculator?
The tool is designed to reduce complex calculations and help you make informed decisions. We know from our conversations with SMB manufacturers that quantifying the costs to their business isn’t easy – so they accept the status quo. But simple automations can make a big difference.
What if I don’t plan to scale up?
Inefficiencies damage businesses of any size, not just those looking to grow. To stay competitive, you’ll need to get the most from your machinery and staff – and that means reducing the time-consuming tasks that are currently holding them back.
What data do I need?
You can take data from across your business – employee wages (including temporary and seasonal staff), work and rework orders, and timesheets.
What if I don’t have all the information?
Simply leave that field blank, you’ll still get a result.
What if my business isn’t digitally mature?
The calculator is particularly useful for businesses who have yet to automate their processes and are instead relying on spreadsheets. An ERP is normally the next step in automation – and it’ll provide real-time KPI dashboards so you can monitor performance. You can still use the calculator when you have an ERP. In fact, it’s useful to compare before and after.
How much will automation really save compared to the cost of buying and implementing automation software?
Modern ERP software like Ridder iQ is both affordable and quick to implement, with expert support to help your team unlock the benefits sooner. Spreadsheets might be free or nearly free – but there’s a cost of opportunity, which our calculator will reveal.
When will I get my result?
You’ll get an instant result, which you can put into action. If you’d like to find out more about how automation could help, book a short call with a member of our team.