Savings Calculator

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For Professionals » Dealers » Savings Calculator

The key to unlocking maximum value for your business is selecting the right technology to meet your unique requirements.

Numbers are usually a good indicator of value and success.


Replace the Industry Averages in the Boxes Below with Your Estimates
Approximate hourly cost for employee's time or employee salary? (Department overhead rate for parts person or just hourly wage)		Cost to Your Dealership
Number of Retail Days in a Year
Daily Parts Lookup Information This formula multiplies the number of seconds it takes to do various parts inquiry tasks by the average number of times these tasks are performed per day, multiplied by the hourly cost of employee performing the tasks. The cost to the dealership is compared to the cost to the dealership when the business transactions are PSP® enabled.
Parts Lookup on Supplier Website		Without PSP	Using PSP
Seconds to Leave DMS and Log into Supplier Website (120 if DMS Unix, 30 if DMS Windows)		$0.08	Step Not Necessary
Seconds to navigate supplier website to Parts Lookup page		$0.17	Step Not Necessary
Seconds per Parts Lookup		$0.17	$0.17
Wait for part information to display (In Seconds)		$0.01	$0.01
Average Lines per Lookup		$3.44	$1.44
Number of Supplier website Part Inquiries in a day		$86.00	$36.00
Parts Lookup on Supplier Catalog
Leave DMS station and go to use catalog books (In Seconds)		$0.04	Step Not Necessary
Seconds per Parts Lookup		$0.33	$0.33
Number of Supplier website Part Inquiries in a day		$9.25	$8.25
Daily Costs Comparison		$95.25	$44.25
Daily PSP Savings - Parts Lookup			$51.00
Daily PSP Percent Savings - Parts Lookup			53.5%

Daily Parts Order Information This formula multiplies the number of seconds it takes to do various parts ordering tasks by the number of times these tasks are performed per day, multiplied by the hourly cost of employee performing the tasks. The cost to the dealership is compared to the cost to the dealership when the business transactions are PSP® enabled.
Parts Order via Supplier Website		Without PSP	Using PSP
Create an Order in your DMS (Dealer Management System) Seconds per Order		$0.50	$0.50
Leave DMS and Log into Supplier Website (Seconds)		$0.05	Step Not Necessary
Navigate supplier website and import the order and get import file (Seconds)		$0.17	Step Not Necessary
Wait for order to process and acknowledgement to display (Seconds)		$0.04	$0.04
Print Acknowledgement (so data available for keying back into DMS) (Seconds)		$0.02	Step Not Necessary
Key updated order information into DMS (such as back order information) (Seconds)		$0.83	Step Not Necessary
Orders per Day		$24.15	$8.10
Daily Costs Comparison		$24.15	$8.10
Daily PSP Savings - Parts Order			$16.05
Daily PSP Percent Savings - Parts Order			66.5%

Annual Training Information This formula multiplies the annual average number of hours it takes to train a staff member to do parts inquiries or parts lookup by the number of suppliers used for parts purchases, multiplied by the approximate times per year training is necessary. The cost to the dealership is compared to the cost to the dealership when the business transactions are PSP® enabled.
		Without PSP	Using PSP
Train a staff member to order from a supplier (Hours)		$25.00	$25.00
Number of Suppliers Used		$300.00	All Suppliers Same
Number of Training Sessions per year (such as new employee, new supplier, change in supplier method)		$900.00	$75.00
Annual Costs Comparison		$900.00	$75.00
Annual PSP Savings - Training			$825.00
Annual PSP Percent Savings - Training			91.7%
Overall Annual PSP Savings*	75.8%		$24,493.65

The PSP calculator is for illustration purposes only. The assumptions contained in the calculator are good faith examples of time and expenses, but are not necessarily reflective of any dealer's actual time and expenses. The PSP Development Team does not warrant or guarantee any savings.

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