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Companies that integrated CloudVisit remote inspection platform have seen 33% decreases in defects and 67% reductions in returned site visits and a whopping 90% reduction in audit defects per site. Will your company see the same benefits? Calculate the return on your investment using the formula below.
Description
Calculation
Per maintenance session:
Labor saved by expert not having to travel to site
Average hours * loaded expert labor rate
Reduced travel by expert not having to travel to site
Average mileage * cost per mile
Quality audit savings based on fewer issues being flagged
% improvement * rework cost of poor quality
Document cycle time reduction
Days of improvement * 20% loaded admin labor rate
Reduced remobilizations to fix problems
% reduction * cost of remobilization
Overall cycle time reduction
(Previous – current cycle time) * 10% loaded admin labor rate
Per week per deployment expert:
Improved efficiency
(# projects per week after / # projects per week before) * (loaded expert labor rate * average work week)