Today, we’re happy to introduce our ROI calculator. This allows you to estimate what the bottom-line impact of Tulip can be for your operation. At Tulip, we pride ourselves on our ability to show a clear return on investment (ROI) to our customers. Tulip enables users to build and deploy apps that solve their needs fast. This is why Tulip users achieve a faster time-to-value than other software solutions. Customers see ROI from three major categories: shop floor digitization, improved quality outcomes, and improved operator training.
Shop floor digitization
Based on customer data gathered by Tulip, the typical impact of shop floor digitization with Tulip is 10% increase in overall yield and as much as 25% time savings for process and quality engineers.
When our customers adopt Tulip, they are leaving pen and paper data collection behind and transitioning to a digitally enabled shop floor. This means equipping the people in your operation with better tools, more timely information, and faster feedback loops. For example, Tulip lets you give associates access the specific work instructions needed to perform a complex workflow with a simple barcode scan; it enables associates to see their progress with respect to their hourly targets; it empowers manufacturing leaders to outfit the shop floor with interactive performance dashboards. If they are behind their production targets, associates can see exactly why. In doing so, Tulip shines a spotlight on the key performance indicators your operation needs to drive accountability on the shop floor. When you give people better information, they are able to make better decisions. Your engineers will save time collecting data, which they can spend actually improving your operations.
Improved quality outcomes
On average, companies that use Tulip see a 20% to 30% reduction in scrap and rework rates.
Rework and scrap are two major drivers of inefficiency in most manufacturing operation. They are also an area were Tulip can have a big impact. Using Tulip apps to provide associates with better reference information during their workflow, they are less likely to rely on memory or tribal knowledge, which decreases the number of mistakes made during a manual process. When a defect is detected, the associate is able to quickly report it in Tulip. This automatically associates the defect with a host of metadata that can be used for subsequent analysis such as – work order, serial number, temperature and humidity level at the time of detection, associate reporting the defect, shift, station, and time of day. It also enables the operator to enter additional contextual information about the defect, such as defect type and root cause. All of the data is available in real-time for managers to conduct in-depth analysis, identify and solve the root cause of quality issues, and provide an immediate feedback loop directly to the shop floor by virtue of performance dashboards.
Improved operator training
Most Tulip customers reduce new associate training rates by 40-50%
People are the most valuable part of any manufacturing operation. Making sure your workforce is properly trained can be both time intensive and costly. Tulip customers build interactive Tulip apps that leverage rich media to give both new and seasoned employees the resources they need to continuously be successful in their job. Be it quick onboarding training of new employees, to the continuous training of your workforce on new skills necessary to drive production forward, using Tulip you can address the challenge of training and retaining the crucial knowledge needed to advance your operation.
This ROI calculator is meant to give you an estimate, based on your company’s metrics, of the savings you can expect with Tulip. We’d be happy to share a more detailed model and help you estimate the kind of savings you can expect from using Tulip. For an in-depth ROI analysis that takes into account additional considerations which could influence the total impact of Tulip, contact us.