Key Metrics for Demonstrating Forklift Safety
Presenting to management is never easy. They all seem to have a one track mind: money. If it’s saving it or making it, that’s what they care about. But that doesn’t mean that they don’t want to purchase, or that the C-Suite doesn’t care about forklift safety, they just want to know that the money they spend is going to have a positive impact on the business. That’s reasonable. Are there key metrics for demonstrating forklift safety that can be presented to them? Especially if it is a new technology such as an AI forklift safety system?
Key Metrics for Demonstrating Forklift Safety
P & L Impact: This key metric is something we all can understand. What is the profit and loss impact from purchasing a forklift safety system. There is a big impact a forklift safety system can make within the facility. This will require a little bit of homework. The first thing to do is uncover how much money was spent on repairs due to the forklift. This could be the floor, walls, overhead doors, dock other equipment and more. When you have that figure, put it in its own category called Damages. Next, is healthcare. How much money is being paid out for worker’s compensation, time away due to doctor visits and more due to a forklift injury or fatality. Remember, a fatality is paid out once, but an injury can go 3, 4 or even 5 years. That all counts. Finally, don’t forget some of those other costs such as temporary workers who need to come in due to the person being out.
Risk Reduction: Risk is always high around a forklift, even if you have pedestrian aisles. Why? Because not everyone sticks to the aisles, especially workers that need to get their job done. However, you can show that a forklift safety system reduces risk because the AI forklift safety system warns drivers within a pre-defined distance that a person or an object is within a danger distance from the forklift. Every time that something comes near the forklift, it will provide a warning sound and a flashing symbol so you know if it is a person or an object.
What is more, is the AI technology by SIERA AI can detect the smallest part of a human that can be behind an object such as a hand, elbow, hat, or part of a shoe. This keeps the person safe first, then the object next.
Customer Satisfaction: When it comes to customer satisfaction, this will automatically increase. Why? Because the product is not damaged. The orders go out on time. The orders are not received with damage or any issues. These things matter to the customer. When it does, the customer will be more loyal and use your services to purchase more.
Competitive Advantage: If you deliver on the above areas of P&l impact, risk reduction and customer satisfaction, you will get a reputation of being one of the best. That provides you with the competitive advantage you want and need to grow your business.
All of this from just an AI based forklift safety system from SIERA AI. Now that you know the key metrics for demonstrating forklift safety, isn’t it time to invest in your future growth with a forklift safety system by SIERA AI? Contact us today.
Contact Us!
Contact us today at sales@siera.ai or call us at (512) 817 0702.