Rockwell Provides Safety Calculator Tool

Tuesday, January 03, 2012

New Calculator Tool Provides Return-on-Investment Estimates for Safety Automation. Free Safety ROI Tool from Rockwell Automation quantifies savings and productivity gains to help cost-justify safety investments

 

Engineers, plant managers and environmental health and safety (EH&S) professionals now have a tool to calculate the potential annual return they’ll receive if they invest in an integrated safety automation system. Rockwell Automation developed the free Safety Return on Investment (ROI) Tool with J.B. Titus, a machine safety consultant and owner of J.B. Titus & Associates. The new Web-based tool, launched on Nov. 14 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. 


“An upfront investment in safety programs and safeguarding systems can help significantly reduce the financial and employee impact of incidents in a manufacturing facility,” said Mark Eitzman, safety market development manager, Rockwell Automation. “Still, engineers, plant managers and EH&S professionals have struggled to accurately cost-justify investments in safety. With the new Safety ROI Tool, they can calculate the costs of an incident and see the financial benefits of implementing a proactive safety program.” At its core, 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, i.e., 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.
• Increased capital-asset depreciation.
• Direct injury costs, such as medical expenses, wages and worker’s compensation costs.
• Indirect injury costs, e.g., regulatory noncompliance 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. “Machine safety is fast becoming a core function of an automation system that delivers significant business and economic value while boosting productivity and the bottom line,” said J.B. Titus, machine safety consultant and owner, J.B. Titus and Associates. “The ROI Tool is easy to use and quickly delivers credible proof that safety investments can help protect workers and yield financial benefits.”

Maritime Reporter April 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Technology

DNV GL Issues Design Guidelines for DP Operations

Advanced dynamic positioning (DP) vessels can now meet critical safety regulations while gaining operational flexibility, efficiency and cost savings through new design and monitoring methods.

Euronav Warns Against Speeding up Tankers

Many investors are asking questions about the dynamics of the tanker market and asked us to confirm their views on vessel utilisation across the tanker market. This

CEVA Appoint Two Sr Executive

Hoofddorp, the Netherlands, 27 April, 2015 – CEVA Logistics, one of the world's leading supply chain companies, today announced the appointment of two senior

New Products

BV Upgrades RAM Software

To help offshore operators and contractors get more out of their assets and develop projects more cost-effectively, Bureau Veritas has supercharged its reliability,

Hospital Ship Up to Speed with AMOS

SpecTec will work with Mercy Ships to migrate its current system Business Suite to AMOS Enterprise Management Suite (EMS). Mercy Ships’ Africa Mercy, the world’s largest hospital ship,

ExxonMobil Debuts Premium AFME 200

To help shipowners meet strict new emission mandates, ExxonMobil expanded its range of fuels for use within Emission Control Areas (ECA) with the introduction of

Maritime Safety

DNV GL Issues Design Guidelines for DP Operations

Advanced dynamic positioning (DP) vessels can now meet critical safety regulations while gaining operational flexibility, efficiency and cost savings through new design and monitoring methods.

USCG Suspends Search for Missing Mariner off Lanai

The Coast Guard suspended the search Monday for a missing mariner after the fishing vessel he was aboard capsized approximately one mile west of Lanai. “Following extensive efforts by sea,

"River Cities" Host First Navy Week of 2015

Bossier City-Shreveport Navy Week begins April 27 and will continue through May 3. Navy Weeks focus a variety of assets, equipment and personnel on a single

People in the News

USCG Suspends Search for Missing Mariner off Lanai

The Coast Guard suspended the search Monday for a missing mariner after the fishing vessel he was aboard capsized approximately one mile west of Lanai. “Following extensive efforts by sea,

Petrobras Requests to Assist the Federal Prosecutors Office

On April 24, Petrobras submitted a request to assist the Federal Prosecutors Office in seven criminal lawsuits related to Operação Lava Jato (Operation Car Wash),

BIMCO, Global Shipping Forum launch “SERVICECON”

BIMCO and the Global Shipping Forum have now launched a new standard contract – named “SERVICECON” – which simplifies and harmonises terms and conditions for

Software Solutions

BV Upgrades RAM Software

To help offshore operators and contractors get more out of their assets and develop projects more cost-effectively, Bureau Veritas has supercharged its reliability,

Hospital Ship Up to Speed with AMOS

SpecTec will work with Mercy Ships to migrate its current system Business Suite to AMOS Enterprise Management Suite (EMS). Mercy Ships’ Africa Mercy, the world’s largest hospital ship,

SENER Debuts Latest FORAN Release

At  Sinaval-Eurofishing in Bilbao, Spain, Sener will present enhancements in the shipbuilding CAD/CAM system FORAN, in all disciplines (forms, naval architecture and general arrangement,

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Maritime Standards Naval Architecture Navigation Offshore Oil Pipelines Port Authority Ship Repair
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.2295 sec (4 req/sec)