UCL Targets Procurement Savings

March 23, 2010 - PRLog -- University College London (UCL), one of the world’s leading multidisciplinary universities, has entered a new agreement with Science Warehouse for its e-procurement catalogue. The new deal will target increased savings and efficiencies across all of UCL’s purchasing.

Science Warehouse, one of the fastest growing companies in the UK
e-business sector, specialises in web-based purchasing solutions. UCL is one of the world’s top ranking universities – rated 4th globally – with some 8,000 staff and 22,000 students.

Alison Woodhams, Director of Finance at UCL, said: “As a world-leading university, it is essential that UCL provide our staff with the best possible tools for research, teaching and administration whilst also ensuring rigorous financial control. Our e-procurement solution has already started to generate efficiencies throughout the whole purchasing cycle and ensures that we start to maximise value from our supplier contracts.“

John Feraday, Head of Purchasing at UCL, added: “The Science Warehouse solution allowed us to enable all of our suppliers rapidly for e procurement and provides the wide category coverage we require to cater for a diverse range of academic departments. UCL delivered over £1m in efficiency savings in the last year and this will increase with further rollout into new areas such as electronic invoicing.”  

Dr David Hames, Chairman at Science Warehouse, said: “We are pleased to have helped UCL to deliver substantial procurement savings and efficiencies over the past 4 years and look forward to working in partnership with the University to extend these benefits in future.”

UCL (http://www.ucl.ac.uk) is one of a growing community of leading European research organisations using Science Warehouse’s procurement solutions.

ENDS

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Science Warehouse is a leading provider of on-demand procurement and catalogue solutions. It helps customers deliver efficiency savings, procurement control and intelligent spend analysis.