Adopting KnowledgeBus, South Staffordshire College drastically reduced supplier margins from 30.9% to under 3%, saving thousands and enabling a well-equipped digital campus, aligning with its ambition to excel in sector standards amidst budget constraints.
KnowledgeBus streamlined procurement across fifteen entities, improving supplier interactions and delivery lead times, transitioning from admin-centric to value-driven procurement.
KnowledgeBus steered the utility company towards exceeding a £750,000 savings target, revealing supplier margin inflations and aiding a cost-effective £9 million desktop refresh.
KnowledgeBus unlocked four days per month for core projects, saving £1,600 on a single equipment purchase, showcasing ongoing value.
KnowledgeBus enabled a £40,000 saving on a single smartphone purchase, enhancing Mears Group's IT procurement efficiency amidst rapid expansion.
KnowledgeBus unveiled hidden mark-ups, saving Home Group £50,000 in six months, with a potential of over £80,000 annually, optimising procurement processes.
KnowledgeBus has saved Provident money and proven one of their suppliers to have been over-charging them by more than £500k in one year against the contracted rates!
Britannia can now trust their suppliers when they say they can’t go any lower. They are negotiating from a position of knowledge-based strength and validating to business managers that they're getting value for money on IT.
The tool has enabled the college to cut the cost of buying IT equipment by 40% and save around an hour per order on benchmarking and admin.
The university’s procurement team is now finding savings on most IT products using KnowledgeBus, reducing the average margins paid, which have come down from 20% to 8%.
The new approach has the potential to save The University of Nottingham up to 24% on prices paid and 20% of the time usually spent manually benchmarking supplier prices.
At the demonstration stage, the University uploaded a range of historical purchases and discovered that some resellers had added up to 33% margins.