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Leading education procurement peers will speak and offer guidance on how to negotiate IT purchases down to cost plus 3% at a free-to-attend event being held at Rodbaston Hall, South Staffordshire College on 11th February. 

IT procurement research has found education establishments are still paying an average of up to seven times more than the industry standard of cost plus 3%, highlighting schools, colleges and universities are still paying too much for IT.

The highest margin paid by an education establishment for a single IT purchase was an astounding 477%, the second largest margin recorded in the research.

The study benchmarked a variety of IT purchases against trade guide prices using Mercato’s CIPS accredited KnowledgeBus IT application.

KnowledgeBus Head of benchmarking, Al Nagar, said: “The education sector is sadly suffering from paying too much for ICT out of the 12 sectors we researched.  This is predominantly as many can’t benchmark purchases.

“Our research found average margins being paid were 19%. This was an increase on the previous year’s figure of 12%, which is considerably higher than the recommended industry standard of just three percent*.    

“As a result, we have launched education events to bring together procurement peers from within the sector to network and share tricks of the trade to achieve value by beating the impact of rapid price and stock changes in the IT marketplace.”

Information and registration for the event can be found at http://www.knowledgebus-it.co.uk/Events.aspx or by calling 0121 605 2050.