Oil Analysis has proven time and time again to save you money. Calculate just how much with our free oil analysis savings calculator.
How much could oil analysis save me?
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Costs of Sampling
This section will predict the expected costs of sampling.
Hint: What industry do you operate in?
Hint: Do you already use oil analysis?
Hint: A machine counts as one unit e.g. truck, car, boat, digger....or on large factories, marine vessels, powerstation or rigs then use number of lube systems.
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Oil Costs
Hint: How many litres of oil do you change typically per year for all assets?
Hint: How much per litre do you spend on oil. If different costs for different lubes, please use the typical price.
Hint: What is the typical amount of oil added or changed? If a mix of asset types then use most common volume change.
Hint: Typical hourly rate for full time employees performing oil change / topup tasks.
Typical number of hours to complete the usual oil change.
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Downtime Costs
Calculating downtime savings that can be made.
How high is the danger to people if the machine fails in service e.g. a brake fluid failure would be considered high risk.
Average monthly sales revenue for the business/department using this equipment.
Hint: Average monthly direct costs (e.g. wages, rent, utilities, consumables, fuel etc) for your business.
Hint: How many full shifts does your machinery operate per day (8 hours a day is 1 shift, 16 hours a day is 2 and 24 hours a day is 3).
Number of failures causing >4 hours shutdown in the last 12 months.
Hint: Average cost of major failures in parts and labour. If unsure use threshold of £2000 minimum as a guide.
Hint: Average length of time the machine not working in hours.
Hint: How many occassions have you had a machine not working between 1 and 4 hours in the last 3 months?
Hint: How long on average have the minor failures been in hours - max 4 as >4 goes into serious failures.)
Hint: Average cost in £GBP to repair a small failure in terms of the new parts and labour.
Hint: In last 12 months how many Penalties & refunds have your business incurred to rectify being unable to deliver to your customers through machinery operations not being optimal.
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Estimated saving being lost from the bottom line.
The money you could be saving each year with oil analysis is:
Please enter your email if you would like to understand further how you could be making these savings with oil analysis.
Feel free to add any questions or comments and we will be happy to assist you.
Summary
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