Effective procurement helps to put education first
While a majority of the education sector’s budget is allocated towards staff, for schools to function effectively and comply with public standards, their budget must also include other areas such as energy, catering, transport and insurance.
Having autonomy over the use of their budgets means that schools are responsible for their own financial management, as well as the deals and contracts they have with various suppliers. While this offers a degree of flexibility for expenditure, it also requires bursars to have a detailed understanding of where funds are spent. Schools are often under pressure to spend funds prudently and demonstrate to key stakeholders how they can maximise investment into teaching and learning. Insight into current procurement procedures and transparent expenditure is the first step towards ensuring that funds are being spent in the best possible way.
WHY IS PROCUREMENT IMPORTANT?
Poor procurement decisions can be costly, time-consuming and impact on a school’s reputation, while standards for education and student expectations are higher than ever. Further investment into student learning is often required to facilitate these changes. Therefore, it is essential to be smarter about how all operational costs work together to support this.
Time and budget constraints within the education sector mean that few bursars can ensure that they are getting the best value for money. Without effective procurement of products and suppliers, costs for essential services (such as energy, waste management and school supplies) can quickly erode budgets. As the prices of these services can vary dramatically, being able to effectively benchmark and compare their prices can lead to identifying opportunities to make valuable savings, as well as balance rising costs against shrinking budgets.
HOW WE CAN HELP
Pinnacle Procurement works with privately owned schools to identify areas of significant cost savings and implement a sustainable procurement strategy.
Our knowledge and expertise can provide a clear picture of how your budget is currently being spent and where valuable savings can be made. In addition to tangible cost savings, our insight can lead to confident decision-making when interacting with suppliers and opportunities to reinvest into additional educational resources.
Lomond School &
The Glasgow Academy
Founded in 1977, Lomond School is a top-ranking independent day and boarding school in the West of Scotland. The Glasgow Academy is a leading independent school for students aged 3 to 18. Established in 1845, it is the oldest, continuously independent school in Glasgow, Scotland.
For the last 8 years we have supported the Glasgow Academy and Lomond School to save time and money in the following categories: Energy, Telecommunications, Catering, Energy Audits, Janitorial, Transport, Water, Insurance
Where We Can Help
Electricity, Gas, Water, Waste Water.
Artificial Intelligence, Data Networking Infrastructure, Software Procurement, Unified Communications.
Foreign Exchange, Invoice Finance, Merchant Cards, Taxation & Allowances.
Archive, Storage & Shredding, Health Care & Medical Supplies, Janitorial Services & Supplies, Laundry, Office Furnishings, Office Supplies & Stationery, Packaging, Workwear & PPE.
Catering Consumables, Contract Catering, Kitchen Equipment, Vending Machines, Food Purchasing.
Equipment & Maintenance, Fixed Line Communications, Hardware Procurement, Mobile Devices.
PRINT & POSTAGE
Business Machines, Digital Marketing, Mailing Solutions, Managed Print Solutions, Marketing Print, Operational Print & Postage, Photocopiers, Postage, Print.
Energy Efficiency, Recycling, Renewable Energy, Sustainability, Waste & Environmental.
TRANSPORT & TRAVEL
Fuel, Insurance, Travel, Vehicle Tracking, Materials Handling, Vehicle Management.