Click here to see how Wax Digital helped cut the cost of a facilities maintenance contract by 56% and shaved 28% from the price of staff uniforms.

Just two events in the last few weeks that have combined to save one leading University over £400,000 per annum.

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Our expert consultants have experience of driving significant savings across a wide range of key HE spend areas, with examples including:

• 14% on Building Projects
• 22% on Catering Services
• 56% on Facilities Maintenance
• 47% on IT Hardware
• 28% on Marketing Services
• 37% on Plasma / screens / projectors
• 16% on Portacabins
• 29% on PPE
• 35% on Software
• 19% on Sports Equipment
• 51% on Stationery
• 43% on Training & Recruitment
• 7% on Transport services / coaches
• 28% on Uniforms
• 11% on Waste Management

eSourcing in Higher Education

Nobody in the HE sector needs reminding that 2010 is going to be a year of financial challenges for many institutions, but it is the clarity of response to those pressures – in particular the ability and appetite to introduce strict costs control – that will dictate quite how keenly they are felt.

One of the most effective tools in the professional purchaser’s armoury for bringing rapid cost reduction is the use of electronic auctions. Time and again they have been proven to deliver an average of 18% savings across all spend categories, very often much more – take a look at the two examples to the left for recent event results we have facilitated for an HE client.

Some institutions have in the past been wary of adopting eAuctions as a supplier negotiation tool on the basis either that they are too adversarial, or that they lack the necessary skillset in-house to manage the process effectively – or indeed a combination of the two.

If you are in the former camp, take a look at how suppliers benefit from eAuctions. If you are in the latter camp then we are here to help.

Managed Events

Organisations new to electronic sourcing, or with limited in-house purchasing resource, can take advantage of Wax Digital's managed service offering to maximise impact and minimise risk and resource burden. Our expert consultants will work with you on a six step approach to event management that guarantees the best possible outcome:

1. ‘Trophy hunt’ the spend categories likely to yield best results
2. Identify, qualify, engage and train the appropriate number of suppliers for each event
3. Advise and assist with drawing up the terms of the event, the type of event, its parameters and setup
4. Run the event with you on the allocated day
5. Finalise contract award
6. Produce a comprehensive event report that details objectives, processes and outcomes

Managed service events can be bought on an event by event basis, or at a discounted rate in bundles of five events. A fixed price is charged for one-off access to the Wax Digital eSourcing platform and consultancy fees vary according to event complexity.

No win, no fee!

We help deliver millions of pounds, euros and dollars in savings every month through managed sourcing events for our clients. In every event we run we are highly confident of our ability to deliver significant savings, so much so that we are happy to offer a no win, no fee guarantee for all managed sourcing activity.

It is a simple promise that says if we don’t realise sufficient savings to cover at least the cost of the event, then you don’t pay for the event.

Self-Service Platform

If you are confident in your own ability to build and run events, or plan to run more half a dozen events per annum, then self-service access is a more cost-effective option than managed event delivery.

Giving access to both eRFx (electronic tendering) and eAuction facilities, the Wax Digital self-service eSourcing platform delivers a full electronic tendering and auctioning suite that facilitates world-class strategic sourcing activities in an intuitive, rapidly deployable package. Since the number of events that can be run under the self-service licence is unlimited it becomes cost-effective to tender and/or auction the majority of spend categories, even where spend is quite small, as there is no event-based charge.

And wherever you do require any assistance with supplier identification, category expertise, or any other element of event design and delivery, our expert consultants are always on-hand to help on a consultancy-only basis.

Purchase-to-Pay

Cementing the savings made through eAuction activity is easy enough with centralised purchases, but when it comes to savings generated in areas such as stationery and IT consumables then it is essential that everyone across the institution buys compliantly – ie from the contracted supplier at the correct prices – in order to crystallise those savings.

Click here for more information about our Bulletproof Business Case and how eAuctions can be used as a springboard for a full P2P solution implementation

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To find out how much we think eSourcing might be able to save you this year, please contact us via this form or call on +44 (0) 161 3678375.