Calculate your
monthly savings!
We made a calculator that shows you exactly how much money you can save if you switch to LucidID, per month or year & per store.
It’s super easy to use, too!
Estimated Monthly Saving:
Estimated Yearly Saving:
To calculate the average inventory value per month, you would add up the value of the inventory at the beginning of each month and the value of the inventory at the end of each month, then divide that sum by the number of months.
To calculate the average cost per unit, you divide the total cost of production or acquisition by the total number of units produced or acquired. This includes all costs directly related to the production or acquisition process, such as raw materials, labor, overhead expenses, and any other relevant costs.
To calculate the seconds of labor per unit, you divide the total labor time spent on producing or assembling a batch of units by the total number of units in that batch.
To calculate the cost of labor per hour, you divide the total labor expenses, including wages, salaries, benefits, and any additional costs related to employment (such as payroll taxes and insurance contributions), by the total number of labor hours worked during a given period
Pertains to the number of items within your overall coverage that possess LucidIDs.