Procurement (securing the goods and services we need) is one of the main areas where we can meet our goals, business objectives and legislative compliance by getting the best value for money for Wales & West Utilities and our customers.
Every year we buy goods, works and services to the value of around £200M.
By carefully managing this spending, we can maximise efficiency and reduce costs.
Successful buying on this scale is all about making informed decisions. The process covers the whole life cycle from identifying what we need, through to the end of life of the asset or service. It involves careful assessment of different options and thinking hard about whether to “make or buy” (i.e. whether to provide services in-house or buy them in from elsewhere).
So procurement is much more than simply purchasing. It is making sure we get the services and products that best meet our needs in order to help us achieve our key priorities.