There is a cost for AI forklift safety. It has been a while since leaders have mandated the initiative for digital compliance. Part of a forklift safety system is digitizing the pre-shift inspection, going from paper-based forklift inspections to digital inspections with capturing the information. It’s time to take this to the next level with building a budget to adopt AI for forklift safety.
Begin by performing a cost benefit analysis considering the initial forklift safety system investment. Next let’s take a look at how quickly you can make back or justify your investment with an ROI by looking at the cost of damages each year within the facility. The damages should include the facility structure itself along with production lines, racking systems and other movable equipment. Once you know the repairs or replacement costs, let’s move to the next item. Worker’s compensation. How much are you investing in worker’s comp claims, not just the initial cost, but the total cost which can span across years. When you have that figure, let’s move on to insurance premiums. Have your insurance premiums risen or is there a way of reducing them because you now have a forklift safety system installed on each of your lift trucks.
This number we know can be rather high. By installing an AI-based forklift safety system by SIERA AI, you’ll be able to bring down your cost of AI forklift safety within these areas and start saving and relaxing. Contact us today to learn more about the cost of AI forklift safety.