Cost Transformation
We help schools with the process of identifying and reducing costs
With increasing cost pressures and compliance requirements, it can be difficult to know where to make changes to maximise your budget, whilst getting everything you need to deliver an excellent education experience for your pupils. We can help make sense of your spend profile to provide realistic and tangible savings opportunities which don’t compromise on quality.
Identify
Do you know what you are spending and where?
A lot of MATs and schools struggle to have a centralised repository for their contracts and to understand how that relates to their spend.
We can identify cash-releasing savings opportunities and process efficiencies based on your past spend information and put actions plans in place to help make your budgets go further.
Our spend analysis service covers:
- cost assessment and benchmarking
- risk assessment
- supplier analysis
- aggregation opportunities
- process improvements
- benchmarking and much more…
Visibilty
Spend visibility is the first step to implementing strategic procurement.
Our cost transformation work focuses on simplifying your spend records, enabling you to make small changes, which will allow you to focus and strengthen your educational organisation, so you can pursue your school’s goals.
We analyse your spend profiles to bring clarity on how the school’s budgets are being allocated. This gives you a holistic understanding of where money is being spent by your school.
Example screenshots from our Spend Analysis tool
Sample report
Insights
Reporting and benchmarking that you can act upon
Whether you are looking for savings opportunities or an audit of your governance and compliance performance, we make clear recommendations for you to take action on.
We will review your full spend history, including:
- Utilities and energy
- Facility management
- Information technology
- Cleaning & Catering
- Educational services and supplies
- Non-educational services and supplies
If you have a specific area of concern, we can do a “deep dive” on specific contracts to review, at transaction level, the value for money you currently achieve from your contracts.
We present our findings and recommendations back to you, giving you a full report that you can use with your governing boards.
It doesn’t stop there…
Act
Working with you to implement a clear plan to achieve goals
Focus on the items which will provide the greatest return.
Education Buying can provide tried and tested solutions for all those needs. We have worked with many MATs and schools that have benefited from our experience gained from years of helping organisations develop their procurement maturity.
- Identify immediate saving opportunities
- Identify immediate risks and put mitigation plans in place
- Develop long-term procurement plan
- Create a contracts register of the schools long-term financial commitments
- Contract management of underperforming suppliers
- Explore strategic procurement operating models
Your next steps
Your key contact:
Victoria Lawson
Education Business Manager
Victoria has a passion for helping MATs and schools achieve their goals of cost savings and compliance.
Start your cost transformation
Your first step along the journey of cost transformation is to fill out the form below. We will get back in touch with you to arrange a video call to explain more and answer any questions you have.
