Decisions about value for money are a daily reality in all our lives. We are constantly choosing which items or services to buy, and judging the right balance for between quality and cost… spending less, spending well and spending wisely.
This means not only measuring the cost of goods and services but also taking account of the mix of cost with quality, resource use, fitness for purpose and timeliness to judge whether or not, together, they constitute good value.
During these challenging economic times, competition is fierce. Clients want the best value for their money and may view a lesser quality service or product to be a better overall value than a higher quality, higher priced service.
The perceived value of a service in a client’s eyes will increase if they’re provided with a solution that exceeds expectations, and this can happen when we have a clear understanding of our clients’ market. Everyone appreciates help without hassle.
We consider value to be high when a balance has been achieved between relatively low costs, high productivity and successful outcomes. Value isn’t about cuts and should be a method of underpinning everything we do as a company, from performance management to procurement, and planning to consultation.