Calculating Savings

Using Fisher PAL will create value and cost savings for your organization through improved efficiency, reduced errors, and increased speed to market:

• Less time finding and retrieving assets
• Less time reviewing each round or version of artwork
• Less time routing and managing projects
• Decreased number of revisions
• Faster turnaround time from round to round and completion of project
• Improved collaboration with suppliers
• Reduced errors/rework costs and improved brand consistency
• Increased speed to market increases sales and competitive advantage

Whether you have an internal art department or use external suppliers, these improvements translate into real dollar and time savings. To calculate the
savings, consider the time each reviewer spends validating and editing the
content of an item. How much energy is spent routing, managing, and
expediting the approval process? How much do modifications cost? How much
time is spent finding or delivering assets within your organization? What is the
cost of delayed releases or inaccurate results? What is the value of getting
your product on shelf faster?

Use the calculator below to begin to understand the savings and benefits of implementing a customized workflow solution in your organization

 

Savings Calculator

Project Variables

  

Total items revised per year

Average number of approvers per item

Average annual salary of reviewers

Average number of revisions before release

Average minutes an approver spends/revision

Average graphic design cost per revision

 

What is this:

The questions to the left are used to determine how much time and money is being spent on routing and approval of your assets. Adjust these to reflect your current environment.

Tips:

The number of items revised represents the total number of assets being adjusted and routed. REMEMBER, A single SKU may require the carton, label and insert to be updated, and should be counted as three distinct assets. Salary is entered at fully loaded cost. This is average base salary times 1.16. The average includes approvers, graphics, and management.

Impact Assumptions

  

Expected reduction in number of revisions

Expected reduction in review and routing time
 
 

What is this:

Fisher PAL will save you time and money. The percentage values to the left are based on client averages.

Tips:

Adjust these values up or down based on how efficient your current process is.

Results

  

Annual Routing Cost without PAL

Annual Cost Savings with PAL

 

Call now to schedule a Fisher PAL demo.

Bill Fisher, wfisher@fisherdesign.com, t. 513.221.2242
 

What is this:

Based on the values above, this calculates the current routing costs and expected savings from implementing Fisher PAL.

Tips:

The cost reduction reflects savings in the time and money needed to release accurate branding assets. This calculation is a conservative estimate.

Benefits that are not considered include:

  • Your products will reach the market faster
  • FTP, media and shipping costs will be essentially eliminated
  • Global 24/7 access to your brand assets will reduce the time spent locating and fulfilling requests
  • Performance reporting will enable continuous process improvement
  • Workflow transparency will create a culture of accountability


Contact Us for a personalized assessment