Collaborative procurement through our competitive supply agreements rose to £251m during the year, delivering £16.7m in savings to our Members. Our return on investment (the ratio of savings to membership subscriptions) is now at 53:1 and through our collaboration with other higher education purchasing consortia, we now offer our Members over 100 supply agreements, covering an ever-widening range of goods and services.
This report highlights our achievements in procurement activity, an overview of our 2018-19 financial position and progress on our corporate strategy, Adding Value through Responsible Procurement. We could not have achieved this growth without the continued support and engagement of our Members. I offer my thanks to the many Members who have supported our projects by serving on our commodity groups, tender working parties, the Board or the Executive Committee; and promoting the Consortium across their institutions. In 2020, we will continue to strive to increase value to our members through tendering agreements, hosting events and the many other benefits illustrated on pages 16-17.
Click on the logo on the left, to see the report.