Business Value Assessments
It is easy to know when systems and processes are broken, but much more difficult to gain a clear understanding when change is needed. AccessVia’s Business Value Assessments (BVA) provide in-depth quantification and financial analysis that will guide you towards clear identification of resources and budgets for a project.
AccessVia Business Value Assessments gather critical data and provide analysis and recommendations in the following areas:
ROI Quantification – to uncover the return-on-investment of a proposed system or
process change
Industry Benchmarking – to compare your practices against other industry players
Sign and Label Materials Cost Assessment – to thoroughly understand where money is spent and how to reduce this spending
Print Services Evaluation – to assess the current print processes
In-store Labor Efficiencies – to evaluate and improve labor efficiencies related to signing through development of accurate labor standards
Our teams are expert in understanding the complexities of your organization — most are former retail managers and executives. They can bring a clear eye and dedicate the focus to a deep understanding of your organization’s challenges. Retailers can gain an overview of similar information from a ten-day Consumer Messaging Effectiveness Study; retailers who need a deeper investigation should choose one or more of the BVA reports.
ROI Quantification
ROI Quantification investigates the expected return from a software implementation or upgrade, process re-engineering, or materials and equipment change. A ROI Quantification can be useful to validate assumptions made in a Consumer Messaging Execution Study.
Retailers receive a detailed report identifying:
- An overview of the proposed change being evaluated
- Detailed current cost information
- Expected savings or revenue generation from the proposed change
- Actual ROI calculations for the benefit of general budget or project approval funding
Industry Benchmark
An Industry Benchmark Report provides an analysis against the industry best practices for a software implementation or upgrade, process re-engineering, or materials and equipment change.
Retailers receive a detailed report identifying:
- Documentation of the assessment of your organization’s current processes and procedures
- A gap analysis report comparing your processes against industry best practices
- Key performance indicators (KPI) and measurements
Sign & Label Materials Cost Assessment
Our team gathers and assesses costs for all sources associated with the production of pricing and promotional signage and labels of retailer’s current program and provides recommendations for reducing costs. We gather details on your costs — even going so far as to gather actual invoices — and then provide recommendations for reducing those costs.
Complete Materials Costs Analysis
The Complete Materials Cost Analysis delivers a report that details costs — direct and indirect — for signs and labels including:
- Sign identification
- Details on the use of signs and sign templates
- Itemization of third-party costs for sign production
- Itemization of waste generated from signs and labels — including corporate, store, and third-party
- Itemization of costs for sign holders, label covers, toner, or any other materials used in sign publishing
- Any other costs related to printing signs and labels
Materials Cost Reduction Recommendation Report
The Materials Cost Reduction Recommendation Report reviews the detailed accounting of the costs associated with producing product signs and labels that are gathered in the Complete Materials Cost Analysis and provides recommendations for how to trim costs. The project gathers input from retailers’ teams during interviews and from answers to questionnaires and includes an evaluation of results from a Consumer Messaging Effectiveness Study.
- Clients receive a Materials Cost Reduction Findings and Recommendations Report that delivers concrete recommendations for reducing cost through process improvements, print source changes, or material modifications.
- Retailers will see the clear identification of places to reduce costs. We typically can find savings of more than 1 million dollars per year.
Print Services Evaluation
In our Print Services Evaluation, every component of printing is evaluated. How does a retailer make the right decision about where to print? Should this decision be based upon labor usage, toner cost or store execution? Is there value in outsourcing the print of color promotional signs? In this evaluation, we calculate the total cost of print ownership.
The evaluation includes:
- Assessment of corporate (central) print capabilities
- Review of in-store printers — current and future potentials
- Collection of print quantity and types
- Review of best practices, outsourcing options and overall costs
- Retailers receive a formal report detailing the total cost of printing ownership for labels and signs, outsource production costs and risks, as well as other ‘best value’ recommendations.
The results have typically produced a minimum 25% savings in print production, either by the modification to stock, third-party outsource negotiation, or by changing processes related to printers and the use of printer toner and maintenance.
In-store Labor Efficiencies / Labor Standards Study
This study quantifies the current state of labor use for signing processes to provide a baseline for evaluating changes to process.
Parallel with a process review, it is important to quantify the labor usage of the current state and to validate the efficiency of new process design.
AccessVia has expertise in the comprehensive review of current labor usage and development of labor standards and processes that streamline, and reduce, freeing up labor and saving associate and management time. We analyze the time required and the labor costs involved with all of the fixed and variable functions in the areas that impact regular, clearance and promotional signing. The intent is to identify the steps that can be eliminated with a new process and the labor baseline standards that can serve as ROI justification and KPI validation.
Clients receive a comprehensive report that includes:
- Baseline Reasonable Expectancy (RE) metrics for the current-state signing processes by store format (if appreciable variances exist by due to format or geographic differences)
- A average time-per-sign, problem sign percent, and take down data calculations
- Problem sign quantity and percent, by major selling area
- An appendix of observation data collected for later review
- Workload forecast recommendations
Retailers will see accurate labor standards that provide the means for effective budgeting and labor allocation and provide the vehicle for measuring employee effectiveness and efficiency — producing savings in payroll dollars, company-wide.
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Store Messaging Assessment
Business
Value Assessment