Private sector companies are under increasing pressure to reap the rewards of a competitive marketplace, but can the same be said for the public sector? This week, the UK Office of Fair Trading’s spotlight fell on the buying habits of public sector departments tasked with sourcing IT goods and services.
Recognising the value of a competitive market in this context, the OFT’s Nisha Arora commented that ‘When competition works well, it can help drive down costs, encourage innovation and ultimately ensure that the taxpayer gets the best value for money’.
And it’s not just the IT industry being targeted. The UK government is nurturing the growth of a competitive culture by aiming to be ‘awarding 25% of central government business to small and medium-sized enterprises (SMEs) by 2015’. And what’s more, it seems they’re on track to deliver.
Encouraging healthy competition within sourcing is something companies of all shapes and sizes can benefit from. As well as getting the best value for money, you’ll be welcoming new, fresh ways of thinking that could really transform your business.
With Sourcedogg’s e-sourcing software, you can be sure competition for your business is fighting fit. You’ll have access to a Supplier Directory boasting thousands of registered members, and getting your existing suppliers involved in your online sourcing events is relatively painless with our free supplier onboarding service.