Introducing the Research Procurement Service
Since the implementation of a professional, strategic approach to procurement at The Kids Research Institute Australia in 2015, substantial quantifiable savings on the cost of goods and services have been achieved in addition to the reduction of procurement risk, the implementation of streamlined, transparent, efficient procurement processes and contract management with a focus on whole of life costing and the achievement of value for money.
The Kids Research Procurement Service implemented Collaborative Procurement for the express purpose of providing a range of procurement services that are tailor-made to the needs and requirements of medical research institutes (MRIs) and related organisations. Collaborative Procurement ensures that significant financial savings, value for money outcomes and administrative efficiencies on the purchase of goods and services can be achieved by all participating organisations.