CATEGORY

Cost Consultants On Advertisement Production

Tracks third party consultants who help clients in decoupling of production

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    Cost Consultants On Advertisement Production Suppliers


    Cost Consultants On Advertisement Production Supplier

    Find the right-fit cost consultants on advertisement production supplier for your specific business needs and filter by location, industry, category, revenue, certifications, and more on Beroe LiVE.Ai™.

    Sample Supplier
    Company
    Omnicom Group Inc.
    Location
    Jackson, Mississipi
    Duns number
    3862211

    D&B SER Rating

    dnb logo

    Up to 3 months

    1 9
    6
    Low Risk High Risk

    The Supplier Evaluation Risk (SER) Rating is Dun & Bradstreet’s proprietary scoring system used to assess the probability that a business will seek relief from creditors or cease operations within the next 12 months. SER ratings range from 1 to 9, with 9 indicating the highest risk of failure. We’ve prepared an infographic to help business owners better understand what influences their SER Rating.

    Moody`s ESG Solution
    ESG Profile

    Company and Sector Performance
    39

    100
    Limited (1)
    ESG Perfomance (/100)
    Environment
    62
    Social
    30
    Governance
    47
    6 Domains Performance (/100)
    Business behaviour
    41
    Human rights
    51
    Community Environment
    18
    Corporate governance
    49
    Human resources
    17
    Security Scorecard
    81

    Threat indicators
    B
    83
    Network Security
    Detecting insecure network settings
    A
    100
    Hacker Chatter
    Monitoring hacker sites for chatter about your company
    A
    100
    DNS Health
    Detecting DNS insecure configuration and vulnerabilities
    F
    56
    Application Security
    Detecting common website application vulnerbilities
    B
    84
    Endpoint Security
    Detecting unprotected enpoints or entry points of user tools, such as desktops, laptops mobile devices, and virtual desktops
    A
    100
    Cubic Score
    Proprietary algorithms checking for implementation of common security best practices
    A
    92
    Patching Cadence
    Out of date company assets which may contain vulnerabilities of risk
    A
    100
    Social Engineering
    Measuring company awareness to a social engineering or phising attack
    B
    89
    IP Reputation
    Detecting suspecious activity, such as malware or spam, within your company network
    A
    100
    Information Leak
    Potentially confidential company information which may have been inadvertently leaked

    Industry Comparison
    omnicomgroup.com
    Industry average
    Adverse Media Appearances
    Environmental Issues
    0
    Workforce Health Safety Issues
    0
    Product Service Issues
    2
    Human Rights Issues
    0
    Production Supply Chain Issues
    2
    Environmental Non Compliance Flags
    4
    Corruption Issues
    0
    Regulatory Non Compliance Flags
    6
    Fraud Issues
    1
    Labor Health Safety Flags
    6
    Regulatory Issues
    5
    Workforce Disputes
    0
    Sanctions
    0
    esg energy transition
    72
    Discrimination Workforce Rights Issues
    6
    esg controversies critical severity
    No

    Cost Consultants On Advertisement Production market report transcript


    Global Market Outlook on Cost Consultants On Advertisement Production

    Market Trends – Technology

    Clients could engage with production houses that adopt HD technology and utilize Drone, Movi rig, etc., to reduce the cost incurred by using helicopters to create moving images, and final cut pro to reduce the editing cost.

    Drone

    • Drones are cameras mounted on a remote controlled flying device, which helps to capture videos from all angles, with an improved performance and precise quality
    • This was implemented to economically replace helicopter, where flying areas are restricted and can capture aerial field's videos, time-lapse videos efficiently. This is highly adopted in the French markets as a replacement to helicopters

    Movi rig

    • Whenever smooth movements are needed, and dolly or crane are complicated or expensive to implement, video production houses use Movi rig, which is a three-axis handheld device to stabilize camera, in movement
    • This technology has been useful to shoot video footage even in strong winds, high speed racing, etc., where high quality video has to be shot even in high speed movement scenarios

    Digital application production

    • Smart phones and tablets adoption has increased exponentially over the past few years
    • Marketers are positioning mobile technology at the center of marketing mix, before they plan and formulate their communication strategy. This is highly adopted in matured markets, where the smart phone penetration is high
    • This technology is expensive, compared to the traditional media production. The price difference will decrease with the increase in category maturity

    Smart TV

    • Smart TV provides an opportunity to the marketers, to engage with their consumers through internet and it allows the users to share their information on social media instantly
    • Lack of technical talent, acts as a constraint for the production houses to produce video commercials for smart TVs

    HD technology

    • HD technology is a highly adopted technology in most markets, since the visual resolution of the video is higher than the older cameras in the market
    • The usage of HD technology in commercial video production offers greater quality output, at a reduced cost
    • High definition technology improves the quality of video and helps to reduce editing, which reduces the lead time

    Final cut pro

    • Initially, the editors in video production houses had to use sophisticated, expensive, time-consuming editing software to edit the video commercials, which increased the lead time of delivery of commercial to the client
    • Final cut pro is a simple editing software, which is easy to operate and could be installed on most devices, like mac book pro, mobiles. An editor can work fast on the location and develop the final video

    Role of Cost Consultant

    Cost consultant acts as a bridge among the marketer, creative agency, and production house to ensure effective planning, coordination, and execution of production activities from the conceptualization to the final stage, streamlines the sourcing process to increase cost-saving avenues.

    Why does a marketer need to engage with a cost consultant?

    • Clients engage cost consultant to improve the lead time and minimize the wastage of talent and equipment
    • Cost consultants, through their experience of interaction with vendors, casting agencies, videographers, etc., play a vital role in contract negotiation, highlight cost-saving opportunities, and planning production activities for brands at a global/regional level to bundle activities within adequate timeframes and budget
    • Example: Unilever engages with Claire Randall Consulting, Mavis & Co. for effective production planning

    Cost consultant – Global vs. Local Engagement

    • If a marketer has global operation, it is ideal to engage a cost consultant on a central contract for different brands, so that they can create a category plan for global production requirements, identify low cost sourcing hubs to shooting, engage best-in-class graphic designs, etc.
    • Planning the requirements at a global level and executing based on regional requirements, help in creating a consolidated blue print, which would ensure a better budgeting by the consultants

    Cost Consultant – In-house vs. Outsourcing

    • Outsource to consulting firms: Clients with high cost budgets and requirements in the global markets, prefer to engage cost consultant agencies to effectively coordination between the global and regional teams
    • Examples of firms: APR, MRA Services, Triad Consulting, etc.
    • Engaging an in-house cost consultant: If a buyer has low volume of production requirements, it is cost-effective to engage an in-house consultant

    Cost Consultant: Pricing and Contract Terms

    Client can adopt retainer + performance-based model (contributes to 2–5% on cost savings), while engaging with a cost consultant. Introducing the performance-based model will help marketers to improve the process efficiency of the consultant.

    • Retainer + Performance based Approach:Here, the consultant is paid a yearly retainer fee and a 2–5% mark-up on the cost savings achieved. The performance component encourages the consultant to evaluate various cost-saving opportunities
    • High percentage mark-up: Marketers leverage on additional savings by allocating more weightage to the performance-based component. This will help in bringing down the total cost of engagement
    • Ideal contract term: Marketers following the retainer + performance-based approach should engage on a long-term basis, between 2 and 3 years