Tool 12.5 Make an action plan for efficiency and innovation in your operation
Tool 12.5 Make an action plan for efficiency and innovation in your operation
- Using the template below, draw up a list of areas in your operation that you have identified which could be done better.
- Provide an approximate cost of implementing the item. Outline the proposed benefit of introducing the innovation into your business.
- Prioritise the relative ease with which the item can be incorporated into your operation
- Consider and record the expected time that the innovation will last for.
- Payback period for amount invested.
If you are unsure of how to calculate some of these figures, such as payback period or benefit cost ratio, speak to your consultant or accountant and they can help you with these.
| Innovation/ efficiency | Approx. cost | Benefit of item | Ease of implementation, and keeping it going | Longevity of innovation | Estimated payback period | Priority of adoption |
| Better working dogs | $3,000 per dog |
|
High levels of ease | 6 years per dog | 1 year | 1 |
| Better sheep yards | $50,000 |
|
One off installation Annual maintenance |
20 years | 5 years | 2 |
