Financial Justification for Implementing a eForeman 3000™ Production Control System
Your manufacturing situation
Plant capacity - number of machines
Enter your own relevant data into the white boxes and the estimated saving per year of implementing a system will be shown below.
Orders per machine per year
Average order duration - hours
Available production time per machine per year
Production hours per day
Production days per week
Non productive days (holidays, shut downs)
Total production hours available per year
Average hourly rate per machine $'s
Machine downtime =
%
hrs/machine
due to:-
Technological/process problems
%
hrs/machine
Scheduling
%
hrs/machine
Setup/Take out time
%
hrs/machine
Quality safety factor
%
Calculation of financial savings & payback
Reduction in down time
Saving per year
due to:-
Remedial action to technological/process problem
%
hrs
$
Improved planning & scheduling
%
hrs
$
Improved productivity
%
hrs
$
Optimisation of machine speeds
Improved machine speed by tighter control
%
hrs
$
Elimination of reruns due to quality problems
Percentage of orders effected
%
hrs
$
Assumed percentage saving on staff member/s (data entering)
%
Cost of employment $ per year
$
Total savings per year
$
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