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Smart Locker Cost Savings Calculator

Find out how much a smart locker system will save your office space.
# of Employees
Office rent per sqm per annum ($)
Administration staff salary per annum ($)
What % of staff need a locker? (0)
What % of your staff will be in the office on an average day? (0)
CAPEX Savings
OPEX Savings p.a.
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Question 1

How much space and how many lockers am I saving?

Input values in the form above, to find out: the number of lockers required (if sourcing non-smart lockers), the number of lockers required (if sourcing smart lockers), the number of lockers saved (if sourcing smart lockers) and the total space saved if sourcing smart lockers.

Lockers Required (Sourcing Non-Smart Lockers)
Lockers Required (Sourcing Smart Lockers)
Lockers Saved
sqm of Space Saved
Question 2

How are CAPEX savings calculated?

Capital Expenditure Savings are determined by the reduced amount of lockers required with a smart locker system. Lockers are never at 100% utilisation, particularly within today's flexible working environment.

CAPEX Savings = [# of Lockers Required] * [Cost of Locker] - [# of Smart Lockers Required] * [Cost of Smart Locker]

Question 3

How are OPEX savings calculated?

Operational Expenditure Savings are determined by the rent saved on requiring less lockers, savings in administration time and the cost of smart locker systems annually.

  • Requiring less lockers doesn't only provide an captial expenditure saving, it also provides an operational expenditure saving, with less space required.
  • Non-smart lockers e.g. key or code lockers, require constant manual tracking and allocation, especially during times of high turnover.
  • Smart locker systems incur SaaS, for software, hosting, support and updates. This needs to be taken into account.

OPEX Savings = [Saved Rent per Annum] + [FTE Cost Savings per Annum] - [SaaS of Smart Locker System per Annum]
Saved Rent per Annum = ([# of Lockers Required] - [# of Smart Lockers Required]) * [Space Required per Locker] * [Office Rent per sqm per Annum]
FTE Cost Savings per Annum = ([Administration Staff Salary per Annum] * [# of Lockers Required] * [% of FTE Required to Manage a Non-Smart Locker per Annum]) - ([Administration Staff Salary per Annum] * [# of Smart Lockers Required] * [% of FTE Required to Manage a Smart Locker per Annum])

FTE (Full-time Employees) required to manage 1000 non-smart lockers = 0.83
FTE (Full-time Employees) required to manage 1000 smart lockers = 0.17

Question 4

Why do non-smart lockers cost so much overtime?

The costs of administration and management of non-smart lockers (e.g. key or code lockers) are typically overlooked when deciding upon office lockers.

For example, large organisations have had over 10 FTEs (Full-time Employees) managing over 10,000 non-smart lockers. This reduced to only 2 FTEs managing the same amount of smart lockers.

Admin staff need to consistently turn their focus onto managing lockers. Especially for the following situations:

  • New employee is onboarded
  • Existing employee exits the organisation
  • Employee moves to or from another building/team
  • An employee looses a key or forgets their code
  • Employee needs assistance in getting into their locker

Smart lockers provide automated and self-serve experiences for new and exiting employees. When integrated with access control and SSO, the system can automatically free up the locker of an employee exiting the organisation. Similarly, new employees already have an existing SSO account and integrated access control, which means they can book and use a locker without any allocation process.

24/7 support ensures employees and management are always provided expert assistance when faced with locker issues. Employees can be re-allocated a locker within three clicks, compared to the manual process of retrieving an employee's locker key, noting down which locker is now available, and to locate and provide the new locker key to the employee.