THE BENEFITS OF USING PROCSERVETHE BENEFITS OF USING … · Securing saving of £200k annually....
Transcript of THE BENEFITS OF USING PROCSERVETHE BENEFITS OF USING … · Securing saving of £200k annually....
PROCUREMENT IS CHANGING PROCUREMENT IS CHANGING
KEY BENEFITSKEY BENEFITS
ELECTRONIC PROCUREMENT BENEFITSELECTRONIC PROCUREMENT BENEFITS
Paper to electronic Slow to fast Reduce maverick spend and increase accurate investment
Reduce training spend and
better security
Manual to Automatic
The annual purchasing spend of a government department.
SUPPLIERS CAN ALSO MAKE BIG SAVINGS
SUPPLIERS CAN ALSO MAKE BIG SAVINGS
80%
20%
£850m
£133m
£350,000SAVINGS
National Audit Office data shows that the savings expected through implementing electronic solutions to process purchase orders and invoices is between £13 and £41 per transaction. One government department made savings of £350k alone.
£14,800,000SAVINGS
Savings that could be
reinvested in front
line staff
20 7
FASTER ORDER PLACEMENTFASTER ORDER PLACEMENT
BUYING AT THE RIGHT PRICEBUYING AT THE RIGHT PRICE
Moving items to an online catalogue on the PCN, results in order placement time being reduced from 20 minutes to 7 minutes (65% improvement). Securing saving of £200k annually.
DRIVING EFFICIENCIES ACROSS THE BUSINESSDRIVING EFFICIENCIES ACROSS THE BUSINESS
For one large government agency, purchasing was carried out by staff across 42 offices rather than through one single point securing the best deal.
£200,000SAVINGS
The price different buying organisations are charged for standard office products can vary widely.
Box of Bicballpoints
£21.25£6.40
AAA Batteries
£3.96 £6.99
HP Toner
£117.04 £264.05
WirelessMouse
£9.66 £11.16
£5.00 £60.00
KettleRRP
RRPRR
P
RRP
PROCSERVECOMMERCENETWORK
PROCSERVECOMMERCENETWORK
1. DATA ANALYSIS
3. PROCUREMENT SECURITY
5. FINANCIAL SAVINGS
2. EPAYMENTS BENEFITS
4. QUICKER INVOICING
6. SUSTAINABILITY
By deploying eProcurement, one organisation eliminated manually processing
Key benefits of a modern procurement process
INVOICE AUTOMATIONINVOICE AUTOMATION
Using the Procserve Commerce Network (PCN), a stationers reduced its processing costs from £3 to 50p per order.
Low value repeat orders and call off orders typically account for LESS THAN 20% of an organisation’s third party spend, but
MORE THAN 80% of purchase order / invoicing volume.
20,000 unstructured documents such as POs and invoices. Saving paper, toner cartridges but most IMPORTANTLY... it eliminated the task of sorting and opening mail, matching invoices to POs, keying data into the finance system and, critically, supporting processes when things inevitably go wrong such as correcting human error.
£0 £200 £400
Popular Online eMarketplace
Procserve Commerce Network
Recommended Retail Price (RRP)*SAVINGS MADE USING PCN OVER TRADITIONAL CHANNELS
SAVINGS MADE USING PCN OVER TRADITIONAL CHANNELS
THE BENEFITS OF USING PROCSERVETHE BENEFITS OF USING PROCSERVE
Make it all add up for your organisation
References:The above data is based on: The BDO, 2013 ‘Benefits realised through implementing the Procserve Commerce Network’
report and internal data collected via the Procserve Commerce Network. *As stated on Amazon.com