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Southern Water - Sourcing

Sourcing

  • To avoid having to pay a substantial financial penalty to external parties due to delays in appointing a supplier, Efficio were appointed to conduct a reverse auction within a tight deadline to negotiate with multiple suppliers
  • Within 15 minutes of auction, initial proposal prices were reduced to be within budget, representing saving of 12%
  • Contract was awarded and signed with the winning bidder, enabling the bidder to commence work immediately and the client avoided having to pay significant penalties
     
Are my procurement savings hitting the bottom line?
Insight
Are my procurement savings hitting the bottom line?

Procurement technology can now record and track cost reductions for Private Equity owners and their portfolios.

Maximizing the value from digital technologies
Insight
Maximizing the value from digital technologies

Simon Lipscomb, Marketing and Sales Director, is interviewed about the changes in procurement technology.

Accessing next level technology with better procurement
Guide
Accessing next level technology with better procurement

With the rise of technology the landscape of procurement is shifting. Here’s how effective procurement departments can capitalize on the new technological developments.

Maximum performance: Supplier relationship governance and oversight
Case study
Maximum performance: Supplier relationship governance and oversight

Efficio supported the development and implementation of a new supplier relationship management tool to increase performance at UKAR.