• Rockwell Automation India Private Limited

Safety ROI Tool

---

Rockwell Automation developed the free Safety Return on Investment (ROI) tool in partnership with J B Titus, a machine safety consultant and owner of J B Titus & Associates. The new web-based tool, launched recently at the annual rockwell automation safety automation forum, addresses manufacturers’ need for a tool to help quantify potential savings and productivity gains from new investments in safety.

The Safety ROI Tool relies on a basic calculation: benefits divided by costs equals ROI. To help simplify the previously complicated process of assessing those costs and benefits, the tool combines injury and productivity data and collects input from users in five categories:

• Estimated project amount, ie, cost of controls, software, installation and training
• Overall equipment effectiveness, based on increases in machine availability because of reduced unscheduled downtime and increases in manufacturing output
• Direct injury costs, such as medical expenses, wages and worker’s compensation costs
• Indirect injury costs, eg, regulatory non-compliance fines and repair costs.

The tool also allows users to adjust the ratio of indirect-to-direct injury costs from 1:1 to 14:1, or to enter zeros for indirect and direct injury costs, based on company requirements. Rockwell Automation aims to continuously update the tool to keep it relevant for users and plans to add a category for quality improvement.