Inpro/Seal Co. introduces ROI calculation worksheet
Inpro/Seal Co. introduces its Return On Investment Calculation Worksheet (ROI/WS), which is an Excel spreadsheet module that allows users of pumps and motors to quantify the effectiveness of bearing isolators when applied to rotating equipment. Once downloaded, the worksheet is of value to top management, engineering, operations, maintenance and other professionals involved in the plant maintenance, repair and operations (MRO) at process plants. Once completed, it allows plants to calculate their own ROI relative to the use of bearing isolators, including benchmarks of current repair costs and the effect of doubling the reliability of their rotating equipment. User friendly and highly interactive, the end user merely plugs in his respective numbers to benchmark the amount of repairs and maintenance dollars saved by installing bearing isolators. Data entered includes the number of pumps and motors in operation; bearing isolator per unit costs; and the average Meantime Between Failures (MTBF). The worksheet then calculates the actual costs of the bearing isolators, taking MTBF and previous maintenance histories into consideration. The benchmarks are conservatively based on more than 30 years of experience working with users where they have been able to compile thousands of comparisons related to the use, installation and operation of bearing isolators on similar equipment. It also provides information such as accumulated savings; ROI; total investment; net return; data for life-cycle costing; the use of more efficient motors; net costs to select them for more efficiently and more.