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
Further Insights
Category Management in Higher Education
University Identifies £4.4m of Savings
Why Procurement Excellence Drives Transformation in Higher Education
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