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Brexit uncertainty, fewer statutory grants, overstretched local authorities, declining disposable income. Serious challenges for the growing UK voluntary sector! Yet one source of funds is mostly ignored. Not wilfully ignored. But reality is that suppliers pocket vast amounts of cash that could be spent supporting vulnerable beneficiaries instead.

This guide will show you how to remove 5-10% of your costs without compromising on quality. For a £50 mill. turnover charity which spends £24 mill on goods and services, that could mean uncovering an additional £2.4 mill. per year! Money which can be re-invested in supporting the cause.

But even organisations with a much lower goods and services spend can benefit. In fact you should consider looking at your procurement processes as soon as your annual external spend gets into the millions.

Also, benefits from procurement go well beyond freeing up money to re-invest in the cause. Your existing fundraising activities will be more effective too. According to a 2017 Lloyds Bank Foundation report, “Facing forward: how small and medium-sized charities can adapt to survive”, falling public trust in charities is a major issue. And according to the Charity Awareness Monitor (nfpSynergy, July 2016), the biggest barrier to giving is “too little money actually going to the cause”.

If you can convince donors you have effective procedures in place to re-invest savings in the cause, you stand an excellent chance of breaking down that barrier.

The step-by-step guide provides simple effective methodologies, which will enable you to address these three areas:

Uncover new financial benefits
Implement appropriate procurement strategy, compliance and guidance
Extract more value from supply markets

Financial Benefits

Assess how much your organisation could save
Analyse all costs associated with your organisation’s core activities, with a view to reducing total costs while maintaining or enhancing quality
Improve the cash flow of your organisation

Strategy, Compliance & Guidance

Determine which procurement strategy best supports your organisational goals
Draft effective guidance and support documents to reduce the risk of non-compliance and ineffective procurement throughout your organisation
Identify and manage risks
Ensure Corporate Social Responsibility throughout your supply chain
Regulatory compliance

Supply Markets

Consolidate your supplier base to get better deals and build deeper relationships
Research supply markets in a time effective manner
Run an effective tendering process
Plan and execute effective supplier negotiations
Determine whether consortia buying is right for you and how to approach it
Manage supplier relationships to ensure quality
Access supply market innovation which supports your mission

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Rather than doing all the heavy lifting yourself, you may prefer to have Procurement Cube do a free assessment for you. It’s worth £1000 + VAT and will tell you by how much your total costs can likely be reduced and where other value opportunities lie.