In the challenging landscape of social housing, efficiency, cost-effectiveness, and compliance are paramount. Social housing providers are constantly seeking ways to enhance their operations and deliver better services to their tenants and communities.
Read on to explore why partnering up with a procurement solution provider is one of the most effective strategies to accomplish these goals.
- Cost savings
One of the primary advantages of using a procurement solution provider is the opportunity for substantial cost savings. These providers utilise their extensive networks and purchasing power to negotiate better deals with suppliers. This means that social housing providers gain access to high-quality goods and services at lower prices, ultimately reducing their overall expenditure, enabling to maximise their budget for the benefit of their tenants.
- Enhanced efficiency
Procurement solution providers streamline the procurement process, making it more efficient and less time-consuming. They handle everything from supplier selection to contract management, allowing social housing providers to focus on their core responsibilities. This increased efficiency not only saves time but also reduces administrative burdens.
- Compliance with regulatory standards
Navigating the intricate landscape of procurement regulations can be daunting for operational teams for whom procurement isn’t their primary focus. Procurement solution providers are well-versed in these regulations and ensure that all procurement activities are compliant from the get-go. This minimises the risk of legal issues and ensures that social housing providers adhere to industry standards.
- Social value creation
Many procurement solution providers prioritise creating social value through their procurement practices by embedding this as a requirement and award criteria within the tender. This includes sustainable procurement, community support, and employee engagement. Partnering with such providers facilitates a proactive contribution to social and environmental goals, such as reducing carbon emissions, job creation, and community support.
- Access to expertise
Procurement solution providers bring a wealth of expertise to the table. They possess an in-depth understanding of the market, supplier capabilities, and industry trends. This expertise empowers them to make informed decisions and provide valuable insights to social housing providers, aiding in optimal decision-making for procurement needs.
- Risk mitigation
Procurement solution providers help mitigate risks associated with procurement activities. They conduct thorough due diligence on suppliers, ensuring that they meet quality and performance standards. This reduces the likelihood of supply chain disruptions and ensures that social housing providers receive reliable and high-quality goods and services.
- Support for small businesses
Many procurement solution providers support small and medium-sized enterprises (SMEs) and voluntary, community, and social enterprises (VCSEs). They help these organisations overcome barriers to entry into public sector supply chains, providing them with opportunities to grow and thrive.
In conclusion, procuring via a procurement solution provider offers numerous benefits for social housing providers. From cost savings and enhanced efficiency to compliance with regulatory standards and social value creation, these providers play a crucial role in helping organisations achieve their goals. By leveraging the expertise and resources, organisations can enrich services to communities and effectuate a positive societal impact.
Ready to enhance your procurement process?
At Procurement for Housing, we are a tech-enabled procurement partner for the social housing sector. We help leading organisations manage spend, drive sustainable value, and improve efficiency. Why not join the 1100+ social housing providers already benefiting from our procurement solutions? Get in touch to find out how.
