Science Warehouse procurement technology set to drive savings in Australia and New Zealand

Nov. 27, 2012 - PRLog -- Science Warehouse, one of the top 10 fastest growing companies in the UK e-business sector, has agreed a partnership with Purchasing Index, a leader in enterprise-wide performance analytics, spend analysis and profiling.

Purchasing Index is based in Melbourne and is ideally placed to introduce the Science Warehouse solution to Australia and New Zealand. It services clients across the private and public sectors including higher education, all levels of government, healthcare, financial services, manufacturing, utilities and mining.

The new partnership comes at a time when both public and private sectors worldwide are looking to improve their efficiency, implement smarter spend processes and control costs better. Good spend analytics is widely recognised as key to identifying opportunities, influencing the bottom line and informing the strategic planning process. However, many organisations are still feeding the spend analytics engine with poor post-spend data – an approach that has obvious limitations.

Bojan Pajic, Managing Director of Purchasing Index Pty, said: “For the majority of buying organisations, the focus has been on improving the accuracy and quality of post-spend activity data derived from their own systems – in effect, mining poor data rather than resolving the problem at source. While there undoubtedly remains a benefit in analysing legacy data, the Science Warehouse solution offers the major advantage that we can now capture high quality spend data at the point of purchase – delivering a richness of spend analysis that was previously impossible.”

Dr David Hames, Chairman of Science Warehouse, said: “During two recent visits to Australia, I met with a large number of public and corporate clients. Whether I was talking to a university or to a multinational mining company, the message was clear – the Amazon-like front end of Science Warehouse is at the forefront of driving user adoption and compliance while it's rich and consistently classified product data takes spend analytics to a new level.  There is a real appetite for doing things smarter.”

As one of the fastest growing businesses in the e-business sector, Science Warehouse solutions are being adopted across an increasing number of markets – both industries and geographies. Science Warehouse solutions have been proven by leading organisations to drive substantial increases in efficiency and cost savings. The cloud-based platform with a consumer-oriented look and feel means it is fully scalable for global rollout.

-ENDS-

Media Contacts

For further information please contact Tom Hemingway at Hatch Communications, 01943 855630, tomhemingway@hatchpr.co.uk or alternatively Sonia Ali at Science Warehouse, 0333 600 6300, sonia.ali@sci-ware.com.

Notes to editors

About Science Warehouse

Science Warehouse is a leading provider of purpose built on-demand procurement and managed catalogue solutions that deliver purchasing efficiencies and control, spend visibility and drive savings. Science Warehouse help organisations to achieve full procurement control by collating all of their preferred suppliers for indirect goods and services in a single, easy-to-use web-based application. Its fully customisable product suite integrates seamlessly with any finance system and the managed catalogue engine at its core accelerates procure-to-pay programmes. Continuous, customer-driven product development ensures the solution evolves in line with market needs. Science Warehouse counts some of the world’s leading research and teaching organisations amongst its customers as well as businesses of all sizes in sectors as diverse as construction, life sciences and manufacturing. To find out more please visit our website at www.sci-ware.com or join the conversation at www.sci-ware.com/blog.

About Purchasing Index Pty Ltd

Purchasing Index Pty is a member of the PI Group of companies which have offices in Australia, UK, USA, South Africa and representatives in other countries; the PI Group shares resources, knowledge and initiatives to serve clients in many countries across the world.
PI supports clients in the private and public sectors operating in financial services, manufacturing, utilities, mining, healthcare, higher education, care and at all levels of government administration. We provide solutions and software as a service to support management decisions including enterprise-wide performance analytics, spend analysis and profiling, benchmarking services, the identification of value for money improvement opportunities in corporate functions and processes and the determination of specific saving opportunities in various categories of commonly purchased goods and services. To find out more, please visit our website at: http://www.pibenchmark.com.au.