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Features & Benefits | Total Cost of Ownership | Case Studies | Actio LabelMaker |
MSDS VAULT - Total Cost of Ownership
This is a general Total Cost of Ownership analysis for your current chemical management processes. The Actio CMS Solution focuses on improved processes and information management while maintaining a dramatically lower Total Cost of Ownership. The following analysis should provide insight into the variables and the respective costs associated with your current chemical management process.
Total Cost of Ownership Analysis for Your current MSDS Management System
| Paper System Breakdown | Cost Variables | Annual Costs | |||
| Number of MSDSs | 1,000 | ||||
| Number of Locations | 2 | ||||
| Salaried Safety Employee(s) | |||||
| True Cost of On-Site Employee | $67,890.00 | ||||
| *Safety Employee(s) % TIME dedicated to MSDSs | 35% | ||||
| *Safety Employee(s) SALARY dedicated to MSDSs | $23,761.50 | ||||
| Employee(s) Managing MSDSs (1 per-location) | 2 | ||||
| Cost for Salaried Safety Employee(s) Time Designated to MSDS Management | $47,523.00 | $47,523.00 | |||
| Sub-Total | $47,523.00 | ||||
| Resources/Materials | |||||
| Copies/paper (Per-Document) | $0.05 | $100.00 | |||
| Phone/Fax/Postal (Per-Document) | $0.10 | $200.00 | |||
| Sub-Total | $300.00 | ||||
| Hourly Employee(s) Involvement (Non-Safety) | Hours | Period | Wage | ||
| Search/Look-up, and Inform for Chemical Users | 5 | Per-Week | $12.00 | $6,240.00 | |
| **Non-Traditional MSDS Acquisition, R&D etc. | 2.5 | Per-Week | $15.00 | $3,900.00 | |
| Sub-Contractor(s) On-Site MSDS Compliance | 10 | Per-Month | $15.00 | $3,600.00 | |
| Sub-Total | $13,740.00 | ||||
| Total Costs | $61,563.00 | ||||
| Cost Per-MSDS | $61.56 | ||||
| Variable | |||||
| *Training, Tracking, Acquisition, Organization, Distribution, Disposal, Back-Up, Research & Reporting | |||||
| **Chemists/Researchers Obtaining MSDS for R&D Purposes etc. | |||||
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Tidal Media Group of Portsmouth, LLC.