What can Tracker Spend Analysis do for you?

We know that knowledge is power, and the publication of public sector spend data has put both government buyers and their suppliers in a position where they can know more about each other than ever before. This should result in more effective procurement and a highly competitive marketplace – a winning scenario for all involved, including the taxpayer.

However, before we can get to that happy place, buyers and suppliers need to work out what they can find out from the vast quantities of available data, using services such as Tracker Spend Analysis.

Tracker Spend Analysis contains spend data from all kinds of public sector organisations – from local authorities to education providers, from the NHS and emergency services to other government agencies.

Here are my top twenty suggested questions that Tracker Spend Analysis can answer for suppliers and buyers:

Suppliers
1. How much has my local council spent on the type of services I provide?
2. Is the amount they are spending increasing or decreasing?
3. Which suppliers have they spent the most with?
4. What share of their business has my company achieved, versus my competitors?
5. Are my competitors who I thought they were; or do I have some new ones?
6. What other public sector business opportunities are my competitors winning?
7. What are other public bodies in my area spending on the services that my company provides
– for example the NHS, emergency services or other government agencies?
8. Is demand for what my company provides increasing or decreasing locally, regionally and nationally?
9. Are there other services for which demand appears to be increasing that my company could provide?
10.How much is my local council spending with suppliers outside the local area? Are they supporting their
local SMEs?

Buyers
1. How much is my organisation spending on particular services?
2. Who are my top suppliers, both by total spend and the number of transactions?
3. Is too much of my organisation’s spend on a particular service tied up with too few suppliers, creating risk?
4. Do I have too many suppliers, creating inefficiency?
5. How large a part of my suppliers’ turnover comes from my organisation, and how much from other public
sector bodies?
6. What are other organisations like mine spending on particular services, and does it appear that I am
achieving best value?
7. Is there scope for collaboration with other organisations that have the same purchasing requirements and
profile as mine?
8. How much of my organisation’s spend is with local businesses?
9. How much of my organisation’s spend is with SMEs?
10.Are there other suppliers of my requirements that I should be considering in future, and are there
opportunities to negotiate better deals with the suppliers I already have?

To find out the answers to these questions and more – sign up for FREE today

What would this powerful insight into UK public sector spend data mean for your organisation? Join the debate by hitting the comment button below.