Installing a process analyzer in a sampling system is a sizable investment, and often, it is one that requires solid financial justification. Conducting a return on investment (ROI) analysis is one way to demonstrate to management and procurement teams that a process analyzer is making a positive impact.
An ROI calculation can be made by gathering the upfront purchase price of the system and the projected ongoing expenses involved with operation. Then, those costs are compared to the anticipated benefits enabled by the analyzer, considering results like reduced maintenance needs, optimized system output and other factors.
When properly incorporated into the overall design of the sampling system, modern process analyzer technology can reliably deliver significant ROI by offering accurate, repeatable measurement for optimized results. It can help improve process control, ensure on-spec product quality, and contribute to safer working conditions for employees.
Making a strong case for this type of investment requires a full understanding of the total operational benefits brought to the plant. Here are some things to consider when determining a process analyzer’s overall value and ROI: