Obviously, nobody can actually measure the value of time. We can all agree, however, there are significant monetary savings when time is used more efficiently in the work place. For some companies, warehouse procedures that aren’t as efficient as they could be cost a lot of time. The problem with time is if it doesn’t have a monetary value, how can we track what we are really losing?

Imagine a procedure currently in your warehouse that takes a minute to complete. Now imagine the same or similar procedures taking 45 seconds. 15 seconds doesn’t seem like that big of a deal, but how many times is that same transaction being run in your warehouse every day. 50 times? 100 times? 500 times? If we think about saving 15 seconds per transaction with 100 transactions a day that’s 1,500 seconds per day. 7,500 seconds in a five day work week. 390,000 seconds a year. That’s 6,500 hours wasted in a year, or 125 hours wasted in a week.

What if you had the budget to hire three more full time employees by simply making your warehouse more efficient? Would that be the difference between your small to medium size warehouse competing with the big boys, or your large warehouse taking the next step to competing globally? Maybe we actually can measure the value of time.

Obviously, nobody can actually measure the value of time. We can all agree, however, there are significant monetary savings when time is used more efficiently in the work place. For some companies, warehouse procedures that aren’t as efficient as they could be can cost a lot of time. The problem with time is if it doesn’t have a monetary value, how can we track what we are really losing?

Imagine a procedure currently in your warehouse that takes a minute to complete. Now imagine the same or similar procedures taking 30 seconds. 30 seconds doesn’t seem like that big of a deal, but how many times is that same transaction being run in your warehouse every day. 50 times? 100 times? 500 times?

Let’s do the math.

50 transactions a day x 5 days a week x 52 weeks in a year x 30 seconds= 3,744,000 seconds per year, or 6,500 minutes per year, 108 hours per year, 2 hours per week. **By cutting 30 seconds per transaction you could save 2 hours per work week.**

**Cutting 30 seconds off 100 transactions per day can save you 4 hours per week.**

**Cutting 30 seconds off 500 transactions per day can save you 20 hours per week.**

What if you could double your employees job tasks by simply making your warehouse more efficient? Would that be the difference between your small to medium size warehouse competing with the big boys, or your large warehouse taking the next step to competing globally? Maybe we actually can measure the value of time.