IForks ROI

With Cascade iForks mobile scales on your forklift truck you do two things at the same time: transporting and weighing. It's no longer necessary to drive every pallet or container back and forth to a fixed floor scale. Cost savings are immediately realized: labor is reduced, valuable floor space is increased. iForks usually pay back their investment within a few months.

Calculating iForks ROI

For Example: in a distribution center there are 200,000 pallet movements per year. In 62,000 of these movement cycles the pallet needs to be weighed on a floor scale for checking incoming goods or for outgoing shipping weights. Weighing directly on the lift trucks that move the pallets around, will save 3 minutes on every pallet cycle. This amounts to 186,000 minutes or 3,100 man-hours per year, representing a yearly cost saving of $108,500. Removing the floor scales provides 200 sq ft extra floor space, representing a value of $2,750.

In order to realize these benefits, the following investments are needed: 8 counterbalanced trucks and 2 reach trucks need to be equipped with iForks scale forks.

The initial investment for these 10 mobile scales plus installation and training is $63,400. Yearly costs for maintenance and recalibration are $8,350.

The table below shows the results of these calculations:
-the ten mobile scales have a payback time of 0.62 year: seven months.
-total return on investment (ROI) over 3 years is 335%.
-at 7.5% cost of capital, the net present value (NPV) of the project is $199,601.

In other words: the mobile scales will realize almost two hundred thousand dollar of cost savings in the next three years.

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