University identifies £1.8m of non-pay savings through Procurement Opportunity Assessment

University identifies £1.8m of non-pay savings through Procurement Opportunity Assessment

University identifies £1.8m of non-pay savings through Procurement Opportunity Assessment

 

Client

 

Procura’s client is a university renowned for its research, postgraduate studies and continuing education in public and global health. They have an annual research income of more than £124 million and are one of the highest-rated research institutions in the UK.

 

Approach

 

Procura put together a structured approach of Spend Analysis and Opportunity Assessment.

  • Complete transparency of non-pay spend
  • Data into Procura ProIntell Spend Analytics Platform
  • Interviews with stakeholders
  • Detailed assessment category-by-category

 

Results

 

The project identified benefits and made recommendations for:

  • £1.8m of savings from 14 procurement initiatives
  • Improvements to Procurement processes and approach including contract management, sourcing calendar and ongoing spend analysis
  • Travel & Expenses Management project

 

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