TEST Business case calculator

QC scheduling and planning business case calculator

This tool has been developed to help you build a business case for implementing a capacity planning and resource scheduling SaaS tool like Binocs in your lab. Simply follow the instructions below to begin. Please note that this model is for guidance only and has been calibrated using certain assumptions that may not apply to your specific lab. For instance, the default cost-per-asset of implementing Binocs is based on labs with 50 to 150 assets.

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1. Your lab today

Number of analysts(Required)

Please enter a number from 0 to 10000.

How many analysts, expressed in Full Time Equivalents (FTE) are actively doing test work?

Working days per year(Required)

Please enter a number from 1 to 366.

Enter the standard number of working days per year for a full time analyst in your lab (default = 220)

Working days per week(Required)

Please enter a number from 1 to 7.

Enter the standard number of days per week your lab is operational (default = 5)

Working hours per day(Required)

Please enter a number from 1 to 24.

Enter the standard number of hours worked per day or shift in your lab (default = 8)

Hours per FTE per week

Analyst FTE annual cost(Required)

Enter the average annual cost of 1 Analyst FTE in your lab

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AnalystFTECost_value

Scheduling time(Required)

Enter the estimated average number of hours per week currently spent on scheduling work in your lab. This is the sum of all the workload, possibly by multiple persons, to perform scheduling, verfication, schedule changes, communication on schedule changes, etc.

2. Your supply chain

Total Inventory Value(Required)

Total inventory value of all products tested

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TotalInventory_value

Batch GRPT reduction(Required)

Potential average GRPT saving per batch from using Binocs (batch inventory days)

Inventory Value Reduction

The annual Inventory Value reduction as a consequence of your entered number of days of Batch GRPT reduction

3. Technology implementation

Enhanced scheduling time (hrs / week)

This is the expected duration required to schedule your lab using a tool like Binocs. This estimate is extrapolated from real-world measurements, derived from the average time needed to schedule a lab of 20 analysts with Binocs (1hr/day).

Enhanced scheduling savings (hrs / week)

Potential weekly time savings using a tool like Binocs compared to your current manual scheduling system

Lab Scheduler FTE change

Expected annual saving in FTEs based on the current time spent for scheduling tasks

Analyst utilization increase(Required)

How many hours do we save through better sample campaigning and smarter scheduling? Evidence shows that, with Binocs, 15% should be minumum ambition.

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AnalystUtilIncrease_Value

Please enter a number from 0 to 1.

Inventory carrying cost rate(Required)

Inventory carrying cost is composed of capital costs, storage costs, service costs and inventory risk costs. This can range between 10% and 30% of inventory value.

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InventoryCarryingRate_Value

Please enter a number from 0 to 1.

	Year 1	Year 2	Year 3	Year 4
% Lab Scheduler FTE change/year(Required)
% of the saving captured by year(Required)
% of the saving captured by year(Required)

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LabSchedFTEChangeY1_value(Required)

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LabSchedFTEChangeY2_value(Required)

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LabSchedFTEChangeY3_value(Required)

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LabSchedFTEChangeY4_value(Required)

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AnalystUtilIncreaseY1_value(Required)

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AnalystUtilIncreaseY2_value(Required)

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AnalystUtilIncreaseY3_value(Required)

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AnalystUtilIncreaseY4_value(Required)

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SavingsCaptdYearY1_value(Required)

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SavingsCaptdYearY2_value(Required)

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SavingsCaptdYearY3_value(Required)

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SavingsCaptdYearY4_value(Required)

4. Technology investment

	Year 1	Year 2	Year 3	Year 4
SaaS subscription cost(Required)
Annual service costs(Required)

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SaaSCostY1_value(Required)

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SaaSCostY2_value(Required)

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SaaSCostY3_value(Required)

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SaaSCostY4_value(Required)

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ServiceCostY1_value(Required)

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ServiceCostY2_value(Required)

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ServiceCostY3_value(Required)

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ServiceCostY4_value(Required)

Enter your business email address(Required)