About the Cost of Loss Tracker Service
JIT Solution offers a practical implementation service that helps organisations measure the real financial impact of incidents, waste, damaged stock, labour loss, downtime, and repair or replacement costs.
Many businesses already log operational events, hazards, delays, and damage. However, these systems often focus on compliance, recordkeeping, and notification rather than actual financial loss. As a result, organisations may know what happened, but they do not clearly know what it cost.
JIT Solution addresses this gap by implementing a structured Cost of Loss Tracker that captures essential cost inputs and automatically calculates the total loss value for each event.
- Consultation and workflow review
- Template design
- Field Configuration
- Formula setup
- Dashboard and Reporting Support
- Staff Training
- Ongoing Improvement Support
Formula Setup
Consultation
Template Design
Training
Field Configuration
Ongoing Support
Objective of the Service
The objective is to provide businesses with a simple, structured, and repeatable process that captures the direct cost of incidents such as:
- Damaged stock or materials
- Wasted Product
- Lost labour hours
- Machine or process downtime
- Repair or replacement expenses
- Related operational losses
This gives management clearer visibility of hidden losses, supports stronger corrective actions, and helps identify repeat issues affecting profitability and operational performance.