Higher Education

Higher education has come under increased cost pressure due to factors such as changing enrolment patterns and reduction in income from government and endownments.

PI provides services to higher education institutions globally and has provided 3 years of benchmarking services under an Australian Government funded program to improve procurement capability, identify better practices and savings in the sector. Click here to see Higher Ed Services case study.

In South Africa PI provides benchmarking solutions to Purco (the purchasing consortium of the HE sector) to assist member institutions.

Resourcing in the business services areas within HE institutions are typically lean. PI has provided solutions for finance, procurement, risk, audit and sustainability departments, enabling HE staff to perform more effectively.

HE clients are utilising PI’s benchmarking solutions to identify and enable the achievement of savings. Benchmarking common spend categories of goods and services enables individual universities to identify specific opportunities based on detailed evidence.

Benchmarking the procurement function of universities enables universities to determine gaps from peer and best practices in organisation, capabilities and processes and to devise strategies to improve their positions.

Universities utilising PI’s Procuretrak^TM service can integrate data from own and external data systems and create insightful analyses and management reports and identify better business processes. 

Academic preference continues to be a challenge when driving policy compliance and value for money outcomes, however the ease of analysis and insightful reporting generated from Procuretrak^TM enables universities to communicate more effectively with stakeholders and thus assist the university to achieve better corporate policy alignment.