Many factors can be calculated to determine return on investment by using the Trimble® AllTrak™ asset management and tracking system. Your return on investment may be higher or lower depending on your company's unique circumstances. For the sake of simplicity, this documents calculates ROI in only three areas of a construction company and is designed to provide a realistic snapshot of tangible savings potential. The areas of focus are:- How tool room attendant and field productivity is impacted
- How annual tools and small equipment purchases & repurchases are affected
- How proper service & maintenence can impact the life cycle of tools & equipment inventory
1. How tool room attendant and field employees productivity is impacted
|
Condition/Description |
Tool Room Attendant |
Field Employee |
|
Average Annual Salary |
||
|
Average Hourly Wage |
$19.04 |
$22.94 |
|
Daily Non-Productive Hours |
2.8 |
0.5 |
|
Work Days Per Year |
250 |
250 |
|
Average Non-Productive Hours Per Year |
700 |
125 |
|
Average Lost Wages |
$13,328.00 |
$2,867.50 |
|
Average # of Employees by Position |
1 |
28 |
|
Total Annual Wages Lost |
$13,328.00 |
$80,290.00 |
|
AllTrak Users Report a 80% Reduction of These Cost |
$10,662.40 |
$64,232.00 |
|
Total Productivity Savings with AllTrak |
$74,894.40 |
|
2. How annual tools and small equipment purchases and repurchases are affected.
|
Asset Utilization Savings |
|
|
Average # of Small Tools and Light Equipment Inventory |
3500 |
|
Average Value of Small Tools and Light Equipment |
$234,000.00 |
|
% of New and Replacement Tools Purchased Annually |
12% |
|
Average Annual Expenditures for Small Tools and Light Equipment |
$28,080.00 |
|
% of Purchases to Replace Lost, Stolen or Missing Inventory |
40% |
|
Annual Expenditures to Replace Lost, Stolen and Missing Inventory |
$11,232.00 |
|
AllTrak Users Report a 90% Reduction of These Cost |
$10,108.80 |
3. How proper service and maintenance can impact the life cycle of tools and equipment inventory.
|
Service Life Cycle Savings |
|
|
% of Inventory Whose Life Cycle Can Be Extended With Proper Service & Maintenance |
30% |
|
Average Annual Expenditures for Small Tools and Light Equipment |
$28,080.00 |
|
Annual Savings With AllTrak |
$8,424.00 |
|
First Year Potential Savings Summary |
|
|
1. Improved Employee Productivity |
$74,894.40 |
|
2.. Reduced Annual Tool Cost |
$10,108.80 |
|
3.. Reduced Annual Tool Cost through Proper Service |
$8,424.00 |
|
Total Annual Savings |
$93,427.20 |
|
AllTrak Cost of Ownership |
||
|
Purchase Price of a AllTrak System Bundle |
$9,000.00 |
|
|
Man Hours to Implement |
Hrs |
Cost |
|
a. Initial Setup and Installation |
1 |
$50.00 |
|
b. Manual Data Entry of 3500 Items |
87.5 |
$1,666.00 |
|
c. Administrative Setup for 30 Employees |
1.5 |
|
