Intelligent Automation Software

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OEE ROI Calculator

Business value calculator to see where and how FREEDOM® AI can help your bottom line.

Factory Operating Costs.

What is the average labor cost per hour per machine? *In USD($). This is the wage plus fringe benefit hourly rate.

What is the average overhead cost per hour per machine? *In USD($). This includes items such as depreciation, repair & maintenance, supplies, tools, utilities.

How many hours per week is a machine scheduled to operate? *This is the hours per shift x scheduled shifts per week.

Labor Cost Per Machine Per Week

This is (labor cost per hour per machine + average overhead cost per hour per machine) x how many hours per week is a machine scheduled to operate.

How many weeks per year is a machine scheduled to operate? *

Total Operating Costs per Machine per Year

This is the labor cost per machine per week x how many weeks per year is a machine scheduled to operate.

How many machines do you plan to monitor? *

Total Operating Cost of Monitored Machines

This is total operating cost per machine per year x number of machines you plan to monitor.

Estimated OEE.

What is your Estimated Availability Rate? *Percentage [%]. This is operating time / scheduled time.

What is your Estimated Performance Rate? *Percentage [%]. This is (parts produced x ideal cycle time) / operating time.

What is your Estimated Quality Rate? *Percentage [%]. This is (units produced - defective units) / units produced.

Estimated OEE

This is availability x performance x quality.

Total Productive Costs per Year.

Estimated OEE x total operating cost of monitored machines.

Total Un-Productive Costs per Year.

Total operating cost of monitored machines - total productive costs per year.

Increase in OEE Required to Achieve ROI

Value of 1% Increase in OEE.

Total operating cost of monitored machines x 0.01

Estimated Investment in FREEDOM eLOG®.

This is calculated based on the number of machines targeted for monitoring. It assumes that half of them will require a hardware appliance.

Increase in OEE Required for 100% ROI.

This is (estimated investment in Freedom / value of 1% increase in OEE ) / 100

Return on Investment

Discount Rate (%)The rate of return used in a discounted cash flow analysis to determine the present value of future cash flows.

OEE Percentage Point Increase in YEAR 1 (%) *

Year 1 Monetized Value.

OEE Percentage Point Increase in YEAR 2 (%) *

Year 2 Monetized Value.

2 Year Monetized Value.

2 Year Net Present Value (NPV).

2 Year Rate of Return (IRR)

A metric used for measuring the profitability of potential investments.

Payback (Months)

Intelligent Automation Software

Contact FREEDOM^®AI

OEE ROI Calculator

Factory Operating Costs.

Estimated OEE.

Increase in OEE Required to Achieve ROI

Return on Investment

Put your process
to the test.

Run FREEDOM^® AI Free for 60 days and start gaining the insights your business needs.

Platform

Industry Applications

Resources

About Us

The Latest

Unlocking the Power of Machine Data: A Guide to Navigating Your Shop Floor

The Value of Your Machine Data

Corporate Headquarters
4357 Ferguson Drive, Suite 235 – Cincinnati, OH 45245

Intelligent Automation Software

Contact FREEDOM®AI

OEE ROI Calculator

Factory Operating Costs.

Estimated OEE.

Increase in OEE Required to Achieve ROI

Return on Investment

Put your processto the test.

Run FREEDOM® AI Free for 60 days and start gaining the insights your business needs.

Platform

Industry Applications

Resources

About Us

The Latest

Unlocking the Power of Machine Data: A Guide to Navigating Your Shop Floor

The Value of Your Machine Data

Corporate Headquarters4357 Ferguson Drive, Suite 235 – Cincinnati, OH 45245

Contact FREEDOM^®AI

Put your process
to the test.

Run FREEDOM^® AI Free for 60 days and start gaining the insights your business needs.

Corporate Headquarters
4357 Ferguson Drive, Suite 235 – Cincinnati, OH 45245