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In the business world and the not-for-profit and public sectors, we are increasingly seeing organisations looking to practice best cost, purchase and supplier management, and consequently are putting the whole of their operations under the microscope when it comes to spend.The public sector has come in for criticism for its profligacy. In response, the Department for Communities & Local Government has recently published all government expenditure over £500 made during the last year of the previous administration, which revealed £314m of spend, excluding an even bigger sum paid out to quangos.
On average we are able to typically find circa 20% of savings for our clients, through reviewing costs, purchasing structures and supplier relationships. Taking the DCLG figures as an example, that would represent a saving of £63m.
Perhaps the time is ripe for every organisation to conduct its very own Comprehensive Spending Review. This Guide provides 25 top tips on best practice cost, purchase and supplier management to help you enhance your bottom line.