costbenefit analysis Shelfready is it worth the money Rebecca Schroeder Jared Howland Core steps for cost analysis Define the item to be costed Understand the purpose of costing exercise ID: 142638
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Slide1
Shelf-ready
cost-benefit analysis
Shelf-ready
is it worth the money?
Rebecca Schroeder
Jared HowlandSlide2
Core steps for cost analysisDefine the item to be
costedUnderstand the purpose of costing exerciseDetermine the cost basisGather information on the work processIdentify and quantify the major cost componentsCalculate costs
Document your assumptions and perform reasonableness testsSlide3
What we did not measureEquipment
SpaceStaffAcquisitions processesSlide4
What we did measureTime
ProcessSlide5Slide6
Sub-accounts
ACCOUNTNAMETREATMENT
8116-02RushNothing
8116-04Partial Shelf-ready (Juvenile, Music, Literature)Bib record, order, physical processing8116-05
Special CollectionsBib record, order8116-07Shelf-readyBib record, order, physical processing, spine label8116-10Firm Order Exceptions
Nothing
8116-11
Approval
Bib
record, order
8116-13
Continuations
NothingSlide7
Approval ProcessSlide8
Previous Shelf-ready processSlide9
Current Shelf-ready ProcessSlide10Slide11
Cost Comparison
Cataloging Salaries_______________________________Number of Books Cataloged
= $47.64Slide12
Cost Comparison (2/23/2010)
AccountTotal Average CostAcquisitions Cost
Cataloging CostSample Size
Rush Order$8.65$0.73$5.083
Partial Shelf-ready$3.60$0.31$1.8614Shelf-ready$3.18$0.42
$0.83
186
Firm-order
$7.12
$1.34
$2.69
16
Approval
$5.60
$0.31
$2.09
1,214
Continuations
$7.58
$1.92
$2.26
26Slide13
Cost Comparison(+$1.10 for MARC on shelf-ready)
AccountTotal Average Cost
Acquisitions CostCataloging Cost
Sample SizeRush Order$8.65$0.73$5.08
3Partial Shelf-ready$5.60$0.31$1.8614Shelf-ready$5.18
$0.42
$0.83
186
Firm-order
$7.12
$1.34
$2.69
16
Approval
$5.60
$0.31
$2.09
1,214
Continuations
$7.58
$1.92
$2.26
26Slide14
7.5%
cost savings
5.7%
cost savingsSlide15
Cost Comparison
AccountTotal Average CostAcquisitions Cost
Cataloging CostSample Size
Rush Order$8.65$0.73$5.083
Partial Shelf-ready$5.60$0.31$1.8614Shelf-ready$5.28$0.42
$0.83
186
Firm-order
$7.12
$1.34
$2.69
16
Approval
$5.60
$0.31
$2.09
1,214
Continuations
$7.58
$1.92
$2.26
26Slide16
90%
decreased time to shelfSlide17
Days Comparison
AccountAverage Days in Acquisitions
Average Days in CatalogingAverage Days in Lettering
Average Days From Receiving to CirculationRush Order0.000.670.00
0.67Partial Shelf-ready0.009.853.2912.86
Shelf-ready
0.27
6.22
0.74
3.59
Firm-order
0.00
19.81
9.64
24.10
Approval
0.10
11.67
8.68
36.66
Continuations
0.00
9.45
10.08
23.50Slide18
Days Comparison
Over90%speed increaseSlide19
47%
less processing time
47%
less processing timeSlide20
Time Comparison
AccountAverage Processing Time in Acquisitions
Average Processing Time in CatalogingTOTAL AVERAGE
Rush Order4:0012:0016:00Partial Shelf-ready
2:094:406:50Shelf-ready3:244:53
5:06
Firm-order
9:35
17:11
26:45
Approval
2:15
7:42
9:59
Continuations
4:02
8:32
12:32Slide21
Time Comparison
Over47%less processing time