Card push could save £200m in public sector

30 January 2003
More news

30 January 2003

Local authorities and public-sector agencies are being encouraged to use purchasing cards in a five-year scheme launched last week.

The government hopes to save more than £200 million by 2008 by widening the cards' remit beyond central government.

The Office of Government Commerce (OGC) extended its existing contract with Visa and a consortium of its UK member banks after putting the renewal of the contract out to tender.

The card has saved more than £70 million on £300 million of spend since its original launch in 1997, and it is now used by more than 39,000 people in 180 Whitehall departments.

The OGC calculates that the card saves £28 per transaction by streamlining the ways purchasers can buy low-value goods and services.

Paul Boateng, chief secretary to the Treasury, who spearheaded the initiative, said: "This significant step forward demonstrates that reductions in process costs can be made quickly when 'best practice' ideas from the private sector are taken up with vigour within the public sector."

SMjan2003

LATEST
JOBS
Swindon, Wiltshire
upto £40K base (+ Paid overtime and corporate benefits)
Honda Manufacturing Ltd
Kew gardens, Richmond upon Thames, London (Greater)
£37,000 - £42,500 per annum pro rata, depending on skills and experience
Kew Royal Botanic Gardens
SEARCH JOBS
CIPS Knowledge
Find out more with CIPS Knowledge:
  • best practice insights
  • guidance
  • tools and templates
GO TO CIPS KNOWLEDGE