Go Ahead and Spend...Wisely!

By Freddie Pierce
Leading purchasing experts believe the UK should spend its way wisely out of economic trouble rather than making austere savings - with big infrastruct...

Leading purchasing experts believe the UK should spend its way wisely out of economic trouble rather than making austere savings - with big infrastructure projects at the top of the public shopping list, according to a recent poll of senior procurement professionals.

For 57 percent of those polled, "measures to get the UK spending moreis the most important priority, indicating that more economic activity is favored by procurement people tasked with squeezing best value out of corporate budgets.

Moreover, 48 percent said that public sector spending regulations restricted best value, suggesting that public money is not spent as wisely as it could be.


·         The Coming Supply Chain Renaissance

·         Did Steve Jobs’ Death Shine a Light on the Supply Chain?

Click here to read the latest edition of Supply Chain Digital

When asked what the Chancellor’s top two budget pledges to UK businesses should be, 70 percent cited increasing spending on UK infrastructure projects, which would help to create many opportunities for businesses as well as making all parts of the UK a more attractive destination for industry.

The second most popular option, for 52 percent, was boosting job creation measures which could help to accelerate consumer spending.

“As the people who are responsible for making every penny of an organization’s money deliver best value, the views of the procurement profession should be right up there as a source of Government spending intelligence,” says Daniel Ball, Director of Wax Digital, which conducted the poll. “What’s really clear from these findings is the need for wiser spending than exists today, where maximum possible benefit for the UK economy is squeezed from every transaction.”

The poll was conducted by Wax Digital in March 2012 amongst senior procurement professionals at eWorld Purchasing and Supply, London, and subsequently online.

Click here to download Supply Chain Digital’s iPad app!


Featured Articles

Suzano: Pioneering High-Capacity Electric Trucks

Suzano, the world’s largest producer of market pulp, is testing the first high-capacity electric truck, the Atlas, developed by VIX Logística

Etihad Cargo’s Bold Bid to Increase Global Capacity

Etihad Cargo, the cargo and logistics arm of Etihad Airways, is expanding in a bid to offer comprehensive air cargo solutions to its customers

CGI: AI Already a Key Area of Focus for Supply Chain Leaders

CGI's Future of Supply Chain survey finds AI is already a key area of focus for industry leaders as they look to navigate further uncertainty

Three Months Until Procurement & Supply Chain LIVE London

Digital Supply Chain

Procurement & Supply Chain LIVE Announces Chicago Event 2025

Digital Supply Chain

Mars Snacking's Amanda Davies on Sustainability at P&SC LIVE