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2A(7.3) Benefits Tracking
Strategic Sourcing Framework

Description
This guide aims to help government departments to identify, measure and report on the savings and benefits of procurement activities

Objective:
Accurate benefits tracking (reporting of savings and improved efficiencies) 
will be increasingly beneficial as there is a growing requirement to fully understand the significant part 
to be played by procurement in supporting the delivery of services at a time when resources are clearly constrained.

Output:
  • Savings/Benefits Report

This guide aims to help government departments to identify, measure and report on the savings and benefits of procurement activities. It:
  • Describes typical procurement savings and benefits
  • Outlines the factors you need to consider when measuring savings and benefits
  • Provides a five-step process you can use to measure your procurement savings and benefits.

When should we use it?
The five-step process is particularly suited to measuring the savings and benefits of tactical procurement activities with a lower risk and lower expenditure. 
It may also be appropriate to use this methodology for more complex and high value procurements.
It also responds to the need for a consistent approach across all government departments, particularly in transversal contracts. 
By using the process, departments will be able collectively to quantify and track their contracts’ financial savings and wider benefits.
If your department chooses to use another measurement process for highly strategic and/or complex procurements, 
you should make sure that the terms you use are consistent with those in this guide.

See related topics and documents
  
  
2A(7.3) SPF GPG - Benefits Tracking.docx