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Our advanced KnowledgeBus benchmarking tool reveals how different suppliers took advantage of the pound drop after Brexit and raised their margins up to 1992%.

KnowledgeBus helped University of Birmingham save in excess of £70,000 in first 6-months 

The University of Nottingham has adopted an innovative online IT benchmarking tool, KnowledgeBus IT Edition, to reduce IT purchase costs as part of an overall effort to get more from the same budget. A total of 30% of universities now use IT Edition as part of Best Practice procurement.

New benchmarking research has found that, on average, Universities are paying over seven times the industry standard margin for their IT equipment.

New research on the purchase price of ICT products has revealed that organisations have been paying exorbitant margins anywhere up to 731% when buying from suppliers.

The pound’s 17 month low against the dollar has prompted manufacturers to forecast significant price rises of up to 10% from the beginning of February.  This may hit some IT budgets hard, says IT supply chain expert Al Nagar from KnowledgeBus.

New research finds average IT margins and overspend have increased for key sectors.

Organisations are unwittingly lining the pockets of suppliers by purchasing IT products at prices several times higher than the industry standard, according to the third annual IT margins survey from KnowledgeBus. The study showed that a lack of awareness concerning product mark-ups means that businesses are still under the illusion that they are getting a good deal.

IT represents one of the largest areas of indirect procurement spend and its highly dynamic supply chain consistently ensures a volatile marketplace.

With 81%* of organisations not getting the ICT deals they expected and some paying up to 731%** margin on purchases, version 3 of web-based benchmarking tool, KnowledgeBus IT Edition, has been launched to help drive informed strategic ICT procurement decisions and more from tighter budgets.

As natural disasters continue to impact on manufacture, supply and pricing, ICT buyers need to shift their ethos towards buying for today and tomorrow, says Mercato Solution's Head of Benchmarking, Al Nagar.

South Staffordshire College has managed to save tens of thousands during the development of its new state of the art campus after deploying an online benchmarking application called KnowledgeBus IT Edition.

Navigating the complex IT Supply Chain for value

The IT industry is extremely fast-paced with multiple new products and technologies entering the market at any given time. A current trend is seeing technology development for and adoption by consumers first and business second. Indeed, Bring Your Own Device is seeing business users bringing their own consumer devices into work for desktop use. This is becoming more prevalent as today’s employees blur the lines between devices used for work versus personal consumption.

Buyers warned not to get caught out by chaotic market conditions.

Buyers warned not to get caught out by chaotic market conditions.

Innovative software business, Mercato Solutions, is championing a charge to support education in driving down the price of IT with a series of nation-wide events.

Inflation on technology products is rising much faster than the economy in general, research by IT benchmarking provider KnowledgeBus has revealed.

It's not surprising that almost nine in ten of us will now use a search engine to look up information on a product prior to making a purchase. An office manager, for example, might compare the price of USBs online before heading out to the local stationery store to purchase them. Google calls this action the 'zero moment of truth'.

Innovative software business, Mercato Solutions, is championing a charge to support NHS organisations in driving down the price of IT with a series of nation-wide events.

IT and procurement directors could save 66% of their budgets by simply buying IT equipment on the right day, according to latest research.   

New benchmarking research has found that on average housing associations are paying up to four times the industry standard for their IT equipment.

The Government's G-Cloud is being praised for tackling head-on the subject of benchmarking IT product purchases, a subject highlighted as pivotal to driving down the cost of Government on IT equipment.