Empowering public sector procurement: A new era with Framespan

Rebecca Gibson, Marketing Manager at Framespan, heralds a new era with Framespan concerning empowering public sector procurement

In an era where every penny counts and efficiency is paramount, the landscape of public sector procurement is evolving rapidly. As we witness the transformative power of technology shaping this domain, one platform stands out as a beacon of innovation: Framespan.

Navigating public sector spending

In the dynamic landscape of public sector spending, where every decision matters, the figures speak volumes. According to Public Spending Statistics, gross spending on public sector procurement surged to £393 billion in 2022/23 across the UK, with forecasts indicating a steady increase in the coming years. This upward trajectory underscores the critical importance of effective procurement strategies in maximising value for taxpayers’ money.

Empowering suppliers and buyers

For suppliers, Framespan serves as a gateway to increased opportunities, unlocking their share of this substantial spending pool. By connecting them with the right buyers and simplifying the procurement process, we empower suppliers to thrive in a competitive market while delivering quality services and products to public sector organisations.

On the flip side, Framespan is a game-changer for buyers. Gone are the days of tedious searches and missed opportunities. Our platform streamlines the procurement journey, enabling buyers to find the perfect supplier match effortlessly. Whether it’s broadening the provider base or improving overall procurement compliance, Framespan equips buyers with the tools they need to succeed.

Procurement: Realising tangible benefits

Let’s delve into the tangible benefits experienced by organisations leveraging Framespan within the first 12 months of implementation. A staggering 77% of organisations reported a reduction in time spent searching for frameworks, freeing up valuable resources for more strategic endeavours. In addition, 59% felt that Framespan significantly improved their ability to find frameworks aligned with clinical outcomes, a testament to our platform’s efficacy in driving positive impact.

With Framespan, organisations have expanded their range of framework providers, boosted employee job satisfaction, and reduced waiver numbers, leading to improved overall procurement compliance. These achievements not only underscore the efficiency gains but also highlight the holistic impact of Framespan on organisational dynamics and performance.

Aligning with the Procurement Act 2023

In the backdrop of these transformative shifts lies the Procurement Act 2023, a landmark legislation set to revolutionise public sector procurement. At its core, the Act emphasises efficiency, transparency, and social value, setting the stage for a more accountable and inclusive procurement ecosystem. Here’s where Framespan steps in as a strategic ally, aligning seamlessly with the Act’s objectives and facilitating compliance and efficiency in procurement processes.

Moreover, Framespan champions social value and community impact, enabling easy access to local suppliers and supporting SMEs. By fostering diverse supplier relationships and promoting economic inclusivity, Framespan aligns with the Act’s emphasis on responsible procurement practices, driving positive outcomes for communities and the environment.

So, what does the future hold for procurement?

As procurement teams gear up for the future, Framespan stands as a trusted partner, offering invaluable support during the transition period outlined in the Act. By empowering teams with the tools and insights needed to navigate the new procurement landscape, Framespan ensures a seamless transition, unlocking the full potential of the Procurement Act 2023 for public sector buyers and suppliers across the UK.

In conclusion, Framespan represents more than just a procurement platform; it’s a catalyst for change, driving efficiency, transparency, and social impact in public sector procurement.

If you would like to transform your procurement processes with a simple software solution with no training or integration needed, head here to sign up and get started with Framespan.