What’s my ROI story?
During recent months, we’ve had several enquiries from manufacturing companies keen to learn more about SPC software, who then subsequently ‘go quiet’ when they realise they’ll have to apply to management for budget approval. There could be many reasons for this apparent change of mind, though it’s often simply a question of lack of funds or a mañana mentality. In the instances where SPC software requests are competing directly with other projects for the same money, the success of your proposal hangs on your ability to provide a solid Return on Investment (ROI) justification.
This shouldn’t be a problem given that a properly implemented SPC system can save a business many thousands of pounds per year. However, generally speaking, it is rare that our customers have a solid “ROI Story”. More often than not, there is a general belief that improving the quality system will ‘somehow’ reduce costs and benefit the business but an exact figure is not known. With a view to giving you the tools you need to arrive at a realistic (and persuasive) ROI potential, we strongly encourage you to view the ‘Finding the ROI in your Quality System’ webinar from Northwest Analytics.