ENTER YOUR DATA | SAMPLE DATA | |
---|---|---|
1.
Number of locations:
|
300 | |
2.
Average part cost
|
$12.00 | |
3.
Average shipping cost
|
$10.00 | |
4.
Average hourly store labor rate
|
$12.00 | |
5.
Store labor rate per minute
(Line 4 ÷ 60) |
12 ÷ 60 =
$0.20 |
|
6.
Average time to order a part
|
10 minutes | |
7.
Cost of store labor to order part
(Line 5 x Line 6) |
$0.20 x 10 =
$2.00 |
|
8.
Cost of each misordered part
(Line 2 + Line 3 + Line 7) |
$12 + $10 + $2 =
$24.00 |
|
9.
Time savings through a more efficient ordering process – per year
|
260 minutes | |
10.
Annual savings per store using HRG’s custom fixture reorder website
(Line 9 x Line 5) |
260 x $0.20 =
$52.00 |
|
TOTAL POTENTIAL ANNUAL SAVINGS
(Line 8 + Line 10) x Line 1 |
|
($24 + $52) x 300 =
$22,800.00 |