Calculating your ROI from
Blue Mountain Regulatory Asset Manager
     

Blue Mountain Regulatory Asset Manager® can have a profound impact on a company's bottom line: reducing costs, increasing throughput and decreasing risk of regulatory citation and penalties.

There are many ways the software contributes to a company's goals, but your particular ROI from the software will depend on how you plan on using the software and what you are doing today. Below are some of the many ways Blue Mountain Regulatory Asset Manager can make a positive impact on your business and justify the investment.

 

Streamline work processes to make more of limited time

  • Reduce time and effort required to plan work
    • Notifications and work flow processes streamline planning and approval process
    • Sign off on measurement data template (including process tolerances) before can be put into use
  • Increase efficiency in scheduling work
    • Forecast labor requirements by individual or craft to help balance workloads and make staffing decisions easier
  • Increase productivity in performing work
    • All information required to do work in one place available in the field, including parts, tasks and links to documents such as appropriate SOPs
    • Prompting for calibration set points means greater control and less time tracking down requirements
    • Automatic flags in calibration data indicate out of tolerance conditions allow for immediate investigation and then automatic notifications when additional action is required
    • Eliminate need to revisit records by requiring documentation before progressing to review state
  • Expedite and simplify the review process
    • Notifications sent immediately when work is ready to review, with link to information to review
    • All information to review available in one place
    • Map your business processes to ensure that required signatures are applied before progressing to the next state, eliminates back and forth and need for additional checks
    • Automatically advance to next state when all signatures have been applied so noone needs to manage the flow of records
  • Use a risk based approach and understanding of asset lifecycles to reduce work frequency

Reduce downtime and increase capacity

  • More preventive maintenance during scheduled downtime, less reactive maintenance during scheduled uptime
  • Reduce frequency of failures through better understanding of causes of failure
  • Schedule maintenance, calibration and validation in sequence to reduce the number of interruptions to production
  • Forecast labor and parts requirements to make better decisions and avoid delays due to backlog work and waiting for parts

Reduce capital expenditures for new assets

  • Preventive maintenance reduces failure rate and extends life of assets versus Run-To-Failure approach
  • Information on bad actors and total cost of ownership improves decision making on new asset purchases
  • Evaluate cost to repair versus replace with real data

Reduce inventory costs

  • Better forecasting of parts requirements reduces amount of parts and capital tied up in inventory

Reduce scrap and rework

  • Fewer interruptions to batch caused by asset failure means less scrapped product
  • Quality systems approach means better control of process and fewer out of tolerance events

Reduce risk of shutdowns and fines due to non-compliance

  • Designed to facilitate compliance to CFRs for asset management
  • Systems approach gives control over process to ensure what needs to get done and documented is done and provides easy answers to audit questions
  • Electronic records don't get lost or misplaced like paper records could
  • Single store of information means no questions about which record is the official and accurate record
  • Functionality designed to facilitate compliance to 21 CFR Part 11 integral to application and therefore reliable and less burdensome
  • System designed for validation and regularly validated, including validateable notification system
  • Immediate notifications of non-conformances, deviations, observations and OOTs to appropriate parties, solid answer to regulatory requirements

Reduce asset service costs

  • Warranty tracking to take advantage of covered service instead of paying out of pocket

Reduce IT costs

  • Harmonize calibration, maintenance and validation systems so there is just one system to purchase and maintain instead of multiple systems
  • Browser-based application simplifies implementation, validation and updates
  • Bring additional functions into the software for additional payback, including engineering change control, exception management, IT assetmanagement and logbooks

Reduce administrative costs

  • Engineers and metrologists enter results directly, paperlessly, eliminating need for data entry clerks
  • Eliminate duplicate data entry and management of asset records in multiple databases
  • Eliminate need for fire-proof filing cabinets, paper and filing folders and associated administrative costs
ROI WorksheetThis worksheet covers the main areas of cost savings and increased productivity possible with
Blue Mountain Regulatory Asset Manager. When considering the total savings in each of these areas, keep in mind that many different benefits feed into each of these areas.
Many of those benefits are detailed above.
Labor costs
Current costs
X
Percent time saved
=
Labor savings
Inventory costs
Inventory value
X
Percent reduction
=
Inventory savings
Capital expenditures
Current expend
X
Percent reduction
=
Money saved
Throughput
Value of throughput
X
Percent increase
=
Value increased
Compliance costs
Current costs
X
Percent savings
=
Compliance savings
Admin costs
Current costs
X
Percent savings
=
Admin savings
Total Savings
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