Sourcing Benefits

Sourcing starts with SpendInsight

SpendInsight shows that the public sector is only using the contracts that it has let about 30% of the time with 70% of spend off contract, so having a good p2p process is as important as sourcing to realise the benefits from improved sourcing.

So whilst procurement has focused on sourcing as the source of savings these need to be policed through to invoice to be realised.

Sourcing cash benefits from £100 billion of SpendInsight

  • (5%-15%) improved terms from suppliers for etrading
  • (5%-10%) savings through improved negotiation on contract items

TOTAL (10% - 25%)

Strategic Sourcing Benefits

Government uses its sourcing to try an mould the economy. Through enforcement of Health and Safety, Environmental and Social Standards.

  • Supplier Accreditation - can assist with Health and Safety compliance
  • GreenInsight - provides for the first time environmental impacts down to item level
  • Supplier Directores- provide lists of accredited suppliers and reduce the compliance burdon

Strategic sourcing will change an organisations supply chain and it is important to balance policy and savings to achieve the desired outcomes

s2p(Source to pay) Guaranteed Savings from SpendInsight

@UK PLC Guarantees that a Spend Analysis will show significant potential savings, and provide the immediate savings to fund a full s2p eprocurement project.

More info on SpendInsight

 

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Why Choose @UK?

  • Green Marketplace with over 1 million users
  • Get analysis results fast: fully-automated
  • Guaranteed savings & Immediate business plan
  • Full granular, line-item level reporting
  • Products, categories and suppliers responsible for your procurement carbon footprint
  • Over £120 billion analysed to date
  • Over 290,000 companies formed
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@UK PLC is the leading ecommerce marketplace, with over 1 million users. We believe that @UK PLC has significantly more users than all the other UK marketplaces combined, and that we are probably the largest transactional b2b marketplace providing integrated eCommerce and eProcurement worldwide.

@UK PLC is the first large volume green marketplace with over 3 million products that have carbon footprints. @UK PLC supports businesses from start up through to being members of the fortune 500, and is a leading Company Formation & Company Registration Agent with over 290,000 Limited Companies formed.

 

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'The project was particularly exciting as it allowed for joint work with leading academics at the University of Reading and Research scientists at @UK PLC. This is one of the largest and most innovative KTP projects ever undertaken and we are very excited by the results. We believe that the new tool is groundbreaking and has come at exactly the right time to help public and private sector organizations achieve savings.'

Professor Mark Bishop, Department of Computing
Goldsmiths

'It's really useful because we can look at the information from all different angles and it's so easy to use,' says Ms Hamilton. 'It will help us rationalise and standardise our suppliers and products, which in turn means we can get better prices.'

Vicki Hamilton, The Head of Procurement and Supplies for the Outer South East London Shared Procurement
London Procurement Program

 

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