Our Services
Creating & Delivering Value is Our Core
How does your company quantify value?
At NuPath Strategies, creating and delivering value for our customers is our core to what we do. Value is a term broadly used and it can mean something different to everyone. What one person sees as value, another may not. It is oftentimes difficult to quantify. There are tangible (products) and intangible (services) values we must consider in the vendor selection process.
First, let us define value: it is the level of utility or worth that a customer derives from a product or service.
Next, how is value quantified? This can become difficult and a harder nut to crack. Knowing what matters to customers and then knowing if they were able to achieve the value expected is tough. There can be varying levels of value and perceived differences to buyers, users and the organization overall. To overcome these discrepancies, it is necessary to have a standard way to measure value.
At NuPath Strategies, we utilize a proven method centered around four value attributes. This framework has proven to be priceless in assisting our customers quantify value with qualitative information, and utilize this methodology across all of our services.
- Product: Features, Performance, etc.
- Access: Availability, Reliability, etc.
- Experience: Service, Brand, etc.
- Cost: Price, Terms, etc.
When we represent this as an equation format, it looks like this:
- Product + Access + Experience – Cost = Value
Quantifying value is key to driving innovation and satisfaction into your program. Have you clearly identified a way to define, measure, analyze and improve the value your users/company see in your program? NuPath Strategies is ready and willing to assist you create and deliver value to further elevate your program! Contact us to find out more.
