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Day 5 UKUPC – The Real Value of Using UKUPC Frameworks
As a UKUPC partner, NWUPC Ltd Membership brings about a range of added value benefits including responsible procurement activities, training opportunities and access to expert procurement advice to name but a few. What makes us stand out, and our strategic aim for us to really show our value, are the significant cash savings we deliver each year to our members through our framework agreements.
Accurate, consistent reporting of savings is increasingly beneficial across the HE sector as it seeks to demonstrate the clear value that is being obtained from professional procurement activity.
There are several ways that savings from procurement can be obtained, and as the influence of procurement in the sector increases, there is a trend towards reporting ‘Delivered’ savings that have a direct impact on the bottom line. Through a single methodology UKUPC have developed a savings and benefits process calculated on a realistic and prudent basis. This is evidenced with a clear audit trail to support decisions and assumptions.
UKUPC have developed 4 stages to the benefits process;
- Target – Market analysis
- Forecast – Expected benefits
- Secured – Agreed
- Delivered – Actual
By working together as UKUPC through the agreed sector wide methodology on our frameworks we can provide supporting data for each agreement. UKUPC have expertise in UK public procurement law and all tenders are conducted within the regulations governing public sector bodies. We follow a rigorous process that provides a robust audit trail with established Terms and Conditions for each framework, all of which have been agreed by suppliers.
Framework agreements support longer term business planning, allowing some stability from market fluctuations and the development of longer term commercial relationships with suppliers. More advantageous pricing can be made based on aggregated spend which delivers cash savings back to our members.
Robust contract management ensures close relationship management with suppliers, monitoring performance against set KPI’s all aiming to create more value for money on each framework and assessing suppliers financial stability to reduce risk to members.
