Value for Money
Objective: To obtain value for money on all procured goods, works and services and to minimise the cost of the procurement process.
We will do this by:
· Managing contracts robustly
· Specifying our requirements clearly
· Ensuring that sustainability issues are fully considered in procurement activities
· Optimising the use of collaborative agreements
· Understanding the "costs" of procurement and developing procurement strategies which deliver best value
· Promoting the savings achieved through the use of collaborative arrangement
Sustainability, Equality and Economic Development
Objective: To promote procurement planning and practices which support the Consortium members’ respective strategic objectives and aims regarding sustainability, equality, social and economic development.
We will do this by:
· Promoting the use of Sustainable Procurement principles amongst member institutions
· Supporting institutions in staff training
· Liaising with stakeholders to share best practice
Management Information
Objective: To improve, share and utilise procurement management information to facilitate more informed strategic and operational decision-making.
We will do this by:
· Providing key budget and performance statistics to the relevant HEPCW Management Committee/Group(s)/Member(s)
· Providing commodity groups with timely and accurate spend data
· Co-ordinating sectoral reporting to the Higher Education Funding Council for Wales (HEFCW) and other external stakeholders