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Is This Your Situation?
The challenges in this environment are capturing basic consistent information on a portfolio wide basis and finding a way to encouraging the use of best practices.
Each business group may have different but valid means of acquiring and utilizing space but the business case for leveraging your size to reduce cost and improve efficiencies is still significant.
Your organization sees the opportunity for enterprise wide savings and efficiency but does not intend on interfering with profit center autonomy or creating a heavy centralized infrastructure.
Minimally, you likely have a requirement to consolidate the information for financial reporting.
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Common Questions: PSG's Answers
Does your company structure provide for local business units to have control over their own real estate decision making? Using our virtual centralization model, your company gains all of the cost leverage without disrupting the business unit autonomy. Virtual centralization provides the leverage and advantages of a centralized structure without the associated infrastructure or cost.
Has it difficult to answer basic questions about your number of locations, total square feet and rent expense? All of our programs include a comprehensive inventory of key real estate measurements by business unit with a full enterprise wide roll up. This includes International locations.
Do budget / personnel restraints limit the extent to which you can conquer these challenges? PSG’s proven solutions deliver the people, technology and process with an easily allocated unit cost that can show a return on investment and provide a new tool kit of procedures that helps local managers become more effective.
How is PSG working with companies like ours? While each solution is somewhat unique, the typical implementation follows a logical pattern:
First, our mission focused consulting includes consideration of your “cultural absorption” rate…your ability to process change.
Next we deploy our state of the art Internet Based Data and Document Collection System. This facilitates information gathering and reduces the time/frustration often increasing cooperation significantly. In some cases by building pilot programs with early adopters, we can attract other groups that are less likely to embrace change.
With the goals set, PSG’s unit cost project services can quickly compile the data and documents to establish the baseline and provide the platform for future measurement.
Finally, PSG supports some basic common processing tasks that ensure the integrity of the database and that your information is always complete and accurate. This guaranties the success of your program long-term.
What are the typical results of this type of solution? The results include basic measurements being captured for the first time making reporting much easier. This enables things like cost containment programs and gives the local business groups new tools to help them manage the locations more efficiently.
How long does a process like this typically take? Of course there are a lot of factors involved including the cooperation of field personnel and availability of documents but typically 45-60 days for each 100 locations.
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“We had no intention of building a massive infrastructure for real estate. PSG’s solution gets us all of the information and process we need at a net cost savings. ”
– Joe Netzel, Hagemeyer North America
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