New ROI Calculator to be built by Sonic Tools and WPI partner
Sonic has announced a Return on Investment (ROI) Calculator developed in partnership with Worcester Polytechnic Institute (WPI) faculty and students as part of its Major Qualifying Project requirement. The tool calculates the ROI of Sonic hand tools and storage solutions for both commercial and industrial businesses serving the automotive, manufacturing, or aviation industries.
The ROI Calculator estimates the cost savings resulting from the operational efficiency of investing in and using Sonic hand tools and storage solutions. Values from a third-party study were used to compare Sonic to a standard industry toolset in the development of the calculator. The analysis is based on a standard 250-day work year to ensure that the results reflect annual performance accurately.
By answering five questions, the ROI Calculator estimates productivity and the resulting cost savings from a more efficient service and repair environment. The results show how much a shop can save and are represented by a range determined via a calculation of simple, moderate, and difficult tasks.
Sonic and WPI can now provide an estimated dollar figure specific to each unique repair environment. The results are subject to change if purchases outside of recommendations are made, and all information inputted into the calculator will be solely collected by Sonic USA and deleted within one week. For more information about the ROI Calculator, visit Sonic's website.
A word from Sonic
“In developing the ROI Calculator, we wanted to allow prospects to understand the value an investment in Sonic tools provides. Our team can talk about the value all day, but they need to see the figures themselves, rather than just hear it from us,” said Colby McConnell, CEO, Sonic USA. “In partnering with WPI, we empowered students to apply their data science skills to a real-world application via service and repair efficiency and productivity. In turn, Sonic can offer prospects detailed savings information specifically tailored to their respective environment across automotive, manufacturing, and aerospace.”