By Keeley Blackburn
1st Jul 2015
Our latest benchmarking activity has included carrying out two exercises on behalf of a member Institution in the South West region on two separate frameworks.
The first exercise undertaken was on the Hair Beauty & Wigs Supplies Framework (Lot 1 – Beauty Consumables & Kits). The Institution had spend of £1,495.36 and benchmarking results showed an average saving of 23.17% compared to their current rates by using the Framework.
The second exercise undertaken was on the Branded Hair Products & Kits Framework (Lot 1 – Branded Hair Products and Kits). The Institution had spend of £9,372.47 and the comparison exercise showed the Institution could have saved 49.79% compared to their current rates by using the framework.
Please have a look on the website here to see the results of benchmarking exercises that have been carried out.
If you would like to take advantage of the benchmarking service or for further information, please contact Keeley Blackburn, Contracts & Procurement Officer.
Please be assured that we do not share your details or pricing with our suppliers when benchmarking, we use the key details of the product descriptions and quantities purchased and ask our suppliers to quote on a like for like basis.
We wanted to clarify the benchmarking saving of 145.30% that we reported in the May newsletter on the Branded Hair Products & Kits Framework (Lot 1 – Branded Hair Products & Kits) Framework. If the Institution used the framework they would stand to save an average of 54.22% on current rates, or as previously reported, by not using the framework their costs would be an average 145.30% more expensive than the pricing available through the framework.