1 Minute Read

A Simpler Way to Measure ROI for Digital Work Instructions

Upgrade capabilities of your front-line workforce with Digital Work Instructions. schedule a live demo to see a modern way of creating, controlling, and communicating procedures.
Schedule a Demo
A Simpler Way to Measure ROI for Digital Work Instructions

Digital work instructions ensure quality and continuity in production while creating safer workplaces. It’s critical to thoroughly evaluate your solution before you deploy it. 

Return on investment (ROI) — often a CFO’s favorite metric — is an important part of that process. ROI measurement helps companies ensure their investment yields maximum profitability. Calculating ROI can be tricky, though, raising the risk of making a bad investment.

Challenges in ROI measurement

A cutting-edge digital work instructions solution creates a multiplier effect within your production ecosystem. It replaces paper-based processes and helps you save on associated costs. This is an obvious, direct financial benefit for your company. Real-time visual guidance and updated work instructions have a significant impact on your production lines, yielding several not-so-obvious benefits including increased efficiency, prevention of potential shutdowns and regulatory breaches.

How do you account for the benefits of preventing inefficiency and waste? By comparing these metrics against historical data and industry standards, you can include them in your ROI calculations. Unfortunately, availability of this data is limited because companies largely rely on manual processes, making it hard to crunch the numbers. 

User adoption should be another key part of the ROI calculation. It plays a key role in getting the most out of your solution. If your employees are uncomfortable with the new technology and reluctant to use it, your digital strategy can backfire. Companies should plan how to drive user adoption to achieve maximum ROI for the solution and estimate this cost. Most companies miss this component and make a wrong ROI calculation.

Innovapptive’s ROI calculator for Digital Work Instructions 

We’ve simplified the ROI measurement process for our configurable digital work instructions solution, part of our Connect Worker Platform. Our comprehensive ROI calculator performs a detailed analysis of all possible KPIs and total cost of ownership for the entire contract period.

The calculator is supported by a massive database of industry standards that helps companies quantify the costs and benefits of the solution. The model supports predictive analysis of benefits with the aid of “what-if'' scenarios. You can quickly evaluate the impact on your bottom line if the average downtime drops to 600 hours a year from 800 hours, for example.

Innovapptive does all the hard work for you and helps you make confident, informed decisions while considering our digital work instructions solution. Our experts are always happy to help you understand what significant change our solution can bring to your business. 

Click here to schedule a free live demo or call 1-844-464-6668.

New call-to-action
Nearly $350K Compliance Penalty Shows Need for Digital Operator Rounds
Operator rounds are critical activities that a chemical plant needs to get right. A recent enforcement action from the Environmental Protection Agency
Read More
Four Maintenance Processes You Need to Digitalize
Companies are embracing digital transformation more than ever before. The industrial world is seeing an influx of digital solutions for practically...
Read More
Texas Freeze Heats Up the Need for Mobile EAM Solutions
February 2021 will be a month Texas won’t soon forget. While up to 4.3 million homeowners and renters lost power between Feb. 14 and 16, industrial...
Read More
Mobile Warehouse Management Boosts Utility’s Productivity and Accuracy
Loudoun Water, a fast-growing water utility in northern Virginia, relied on a paper-based warehouse management system that created inefficiencies and...
Read More
Using Better Maintenance Planning and Scheduling to Minimize STO Downtime
Refinery shutdowns, outages and turnarounds (STOs) are massive undertakings requiring careful planning and precise coordination. Timely and accurate...
Read More
Global Semiconductor Shortage Poses EAM Challenges for Fabricators
It’s been a tough start to 2021 for semiconductor manufacturers, with a severe drought all but drying up chip fabrication in Taiwan and contributing...
Read More
Five Common Challenges in the MRO Value Chain
The idea of value chains was developed by famous business thinker Michael Porter back in the 1980s. It focuses on the series of linked activities...
Read More
Don't Overlook Mobile in Your SAP S/4HANA Upgrade Plans
Migrating to SAP S/4HANA is one of the biggest IT projects on most companies’ radars and it’s moving to the front burner for many now that SAP has...
Read More
Four Must-Haves for a Mobile Plant Maintenance Solution
It’s easy to feel overwhelmed when taking on a new digital transformation initiative. For SAP Plant Maintenance users, evaluating a mobile plant...
Read More