Compare
Creating context through comparison
Generate meaningful comparative statistics in order to establish your position relative to others. Know how your spend profile compares to that of your peers.
The COMPARE functionality facilitates the rapid production of comparative statistics and key indicators that help in understanding of position relative to others in the public sector. Once your spend data has been enhanced and aggregated you will be able to generate charts, graphs, tables and lists to effect comparisons, year on year, for your own organisation, between different individual organisations, between individual organisations and sectoral or regional groups. COMPARE generates the answers to key questions that enable you to create a proper context for your procurement strategy and transformational goals including:
- Are you more or less administratively efficient than average when compared to organisations of a similar size in your sector and/or region?
- In which categories are you spending more or less than might be expected given the averages for your sector and/or region?
- What proportion of your overall non-pay spend is a realistic goal for spend locally, with the Third Sector, with SMEs or with newly created businesses?
- Is the proportion of suppliers overly dependent upon you a real issue or would you better directing effort at procurement related issues elsewhere?
To arrange a meeting to discuss implementation of the Observatory in your own organisation then please contact us.
Related Videos
Using the COMPARE application within the Observatory