Return On Investment Formula

“MINING THE DATA” is a term used to encompass the value of item level traceability. If you are a manufacturer or military repair base using the machine readable code on each part you can identify:
     • Production Bottle Necks –
     • Process Scrap Losses –
     • Logistics and Part Movement
     • Predictive Preventive Maintenance
The real value in unit level traceability is “mining the data” to implement reductions in inventory and process costs, as well logistics costs. Estimating this value takes an integrated team with knowledge of the process of automated data capture.

DEPARTMENT OF DEFENSE UID POLICY requires unit level identification as part of an overall objective of Total Asset Visibility. TRIAD has features that will reduce the cost of implementation in your factory or repair depot.

First review your marking processes for UID compliance. Assign a cost to train an operator to mark UID compliant marks by each process. Compare that cost to having a single user interface to learn.
           ROI= (Number of Processes X Cost per Training on each machine) – (1 X Cost Per Training on Triad User Interface)

Next review marking processes for UID compliance and estimate the cost of lost parts, labels or nameplates due to manual input of data. (Typically one part in ten is mismarked.)
           ROI= (Number of Lost Product X Cost per unit) – (Cost Per IT Engineering Setup of Database Binding)

Finally, review data transfer costs of manual methods of linking marking data with serial numbers, control of serial numbers, cost of manual duplicate checking and cost of manual UID verification reports.
           ROI= (Cost of manual or segregated data control ) – (Cost of TRIAD features in which above is seamlessly integrated)

Monode has a team of both marking and IT experts. Perhaps your first step is to arrange an on-site evaluation meeting of the requirements and task(s) to evaluate an implementation plan. You can arrange one by emailing: JT@monode.com