I just got this email from Matt Ryan at Euro RSCG titled “Driving efficiencies at Euro RSCG”. It seems that Euro RSCG has discovered that cost efficiency is as important as cost effectiveness.
By finding ways of reducing costs without impacting on effectiveness you are potentially improving cost effectiveness at best and mitigating cost of failure at the least.
For ten years, during the boom years, agencies have often criticised TrinityP3 for finding ways to reduce cost without impacting quality of idea or execution, purely by eliminating waste and inefficiency.
Now reading through the suggestions supplied by Euro RSCG, it looks like at least one agency is doing the same. Have a look and then find out what your agencies are doing to reduce your costs.
Matt Ryan Global Chief Marketing Officer Euro RSCG Worldwide 212-886-2011 (Office) 914-843-6494 (Cell)
“Global Agency of The Year” — read more… “Advertising Network of The Year” — read more…
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As you know all too well, there’s no time like the present to move the discussion of agency driven efficiencies front and center. And, while many of us immediately think of the on-going client/agency dialogue concerning compensation (and rightfully so) at Euro RSCG Worldwide we’ve significantly improved client cost-efficiencies through a thorough re-think of the way we, and they, do our business. These programs, outlined below, have helped to drive significant cost-savings with both national and global marketers in 2008 and are at the core of their 2009 plans for further savings. We thought these programs and tools would be of interest on the eve of the annual ANA Finance Conference. Strategy Development & Research: Adscreen (Copy Testing) Client Situation: Faster and cheaper copy testing methodology allowing for both speed to market improvements as well as ability to test in waves of development Idea: Develop proprietary research solution used by our clients that gets them only the information they need while complimenting existing methodologies. And in a tighter timeframe – 3-5 day turnaround vs. 2-3 weeks on most other models Cost Reduction: $5-8k vs. $22+ for other models Animatics Client Situation: Reckitt Benckiser produces over 150 animatics per year Idea: Cost Reduction: Over 60% per animatic Process Efficiencies: Local Market Decision Making Tool Client Situation: Air France’s need to empower local markets with the tools they need to succeed as efficiently and effectively as possible. Idea: Develop and launch dedicated intranet tool for internal co-ordination – now being transformed into a tool to help markets make strategic and creative decisions on a local level. An actual decision making tool to help answer questions such as “What of the available material can best answer my local issue”? Cost Reductions: Launching June 2009 Production: Cluster Management Multi-Brands (1 or more brands x geographies) Client Situation: Multiple brands across multiple geographies entering into redundant production expense Idea: Global Production Database Management: This tool has been developed with one of our major global clients to allow complete visibility on Global TVC production, to help maximise opportunities for clustering shoots and other production efficiencies. Cost Reductions: Savings of 43% over the last 4 years for one of our major global clients Cross discipline shooting (1 brand x disciplines) Client Situation: Drive efficiencies of production across all platforms and usages from digital to TVC to OOH. Idea: For Jaguar we organize single cross-discipline creative productions i,e, we share shoots, and also integrated visual assets (like stills and film), across different disciplines and agencies, including advertising, DM, brochures, digital. Cost Reductions: Significantly reduced annual production expense for all disciplines Leveraging Web 2.0: Client Situation: Idea: Havas Drive is a new company dedicated to using today’s technology for the creation of engaging and intense dialogue with physicians online. Virtual applications include the Virtual Convention Booth – an online reality version of physical convention exhibits and Virtual PharmaPro – a multi-disciplinary, web-based platform that supports physicians’ relationship-building efforts in a more innovative, nimble, and less expensive way. Cost Reductions: The virtual applications have been developed on a pay-for-performance basis – savings achieved as clients only pay for the recruitment of healthcare professionals to visit the site, and their engagement in predefined actions. Agency/Client Relationship Management: The Global Brands Early Warning System Client Situation: Global client requirement to efficiently and effectively understand, and correct as necessary, any agency/client performance issues. Idea: A proprietary Euro RSCG tool that helps us ensure the smooth running of client-agency relations. Annual agency/client appraisals are incredibly valuable but a lot can happen in 12 months, and the Early Warning System (EWS) allows us to keep tabs on relationships on an on-going basis for accounts that run across multiple countries. The EWS allows for centralized marketing clients to effectively manage and fulfill local market- and product-specific needs. It is used to ensure that any local market issues are identified and resolved before they become bigger problems. Thanks for taking the time to look through some of the ways we are addressing the issues of efficiency of marketing operations with our clients. Hope we get a chance to meet in person at the ANA to discuss these and other initiatives we have in development at Euro RSCG Worldwide. Regards, Matt Ryan Naomi Troni
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