Our Annual Review for 2021-2022 has been sent to members via email today and it is also publicly available on our website.
Collaborative procurement through over 100 framework agreements amounted to £232m during the year, delivering £19.9m in savings to our members. Our return on investment (the ratio of savings delivered to the membership subscriptions) is now at 73:1.
The review highlights key procurement activity covering:
- the core category areas and responsible procurement,
- an overview of our 2021-22 financial position,
- an update on work across UKUPC, and
- our achievements during the first year of our new corporate strategy for 2021-24; Working together to achieve shared goals in a changing world.
We are thankful to the many members who have supported our projects by serving on our commodity groups, tender working parties, the Board, or the Executive Committee; in particular their help with our member training activities, and for promoting the Consortium across their organisations. We are owned by our members and the support we get from across our membership enables us to deliver more for the benefit of all.