Is It Possible to Get an ROI when Investing in Forklift Safety Innovations?
What is one of the hardest tasks for safety professionals to implement a new forklift safety system? Convincing management to invest in forklift safety innovations. I don’t know any company, including Elon Musk, that they have excess money to spend. So sure, buy away! Management isn’t apposed to purchasing new forklift safety innovations, they just want to know what are they going to get for it? What will it accomplish? How will it attribute to the bottom line? Research from the National Safety Council’s Work to Zero initiative has shown that use of safety innovations can help companies large and small save money and prevent deaths. We agree, so let’s get into it.
What are Forklift Safety Innovations?
A forklift safety innovation is the process of making new ideas, products or services come alive in order to create a positive impact and offer a significant amount of value. When it comes to forklifts or lift trucks in general, there are always improvements, but it has been a while since something of significance has come along. That’s where SIERA.AI’s forklift safety system comes in. The AI and machine learning forklift safety system is one of those innovations that meets the criteria for NSC’s Work to Zero plan. Our forklift safety system uses the most advanced technologies proven to digitize, alert for pedestrians, alert for objects, slow down the vehicle and put all of this great new information into a telemetry Dashboard. This innovation has only been available less than 10 years.
Building the Case to Management
- What do you want to accomplish and what operational goals will it solve? This is an important question to answer as everything following it supports this question and answer. By purchasing SIERA.AI’s forklift safety innovations you will be using the latest and proven technologies to move closer to zero: Accidents, injuries, fatalities and damages. The forklift safety system will increase productivity while making the forklift operator more efficient. In turn, with the reduction of accidents and damages, a bi-product saving includes insurance premiums.
- What does digital provide? There are two areas where digital impacts the organization. One is converting the paper-based forklift inspection to a digital forklift inspection. This ensures OSHA safety compliance. In addition, the information collected from the forklift inspection gets recorded into a web-based telemetry Dashboard, something that paper has never been able to provide. Second, digital collects all of the information that the AI and ML learning monitors, captures and sends it to the graphics-based telemetry Dashboard. This is where management can ‘see’ the results of what the forklift safety system captures including near misses, impacts, improper access, pedestrians or objects that came too close and more.
- Determine the ROI. Determining the ROI must first mean that you know the costs associated with doing business today without the forklift safety system. As you take a look at your current costs, where is it that you want to reduce?
Contact Us!
Contact us today at sales@siera.ai or call us at (512) 817 0702.