As public-sector professionals – you hear a lot about the power of data. You know accurate, comprehensive data has the power to help make better strategic decisions and get more value out of every dollar spent.
Periscope Holdings’ procurement technology solutions have an exceptional ability to generate actionable, meaningful data. To showcase the power of our tools -and provide some interesting insights– we are launching a new content series. Periscope’s Cool Data will highlight bid, spend and pricing trends in the public sector derived by analyzing our government customers’ data thru our BuySpeed and BidSync solutions.
Our first Cool Data analysis found that the solicitations for janitorial and cleaning equipment, increased by 79% in a one-year timeframe - from 2016 to 2017.
In addition, we saw interesting changes in this spend category when we looked at some of our state and municipal customers who use our BuySpeed procure-to-pay system. BuySpeed enables government agencies to manage spend through established term contracts and open market purchases.
Our analysis found that the spend on janitorial and cleaning equipment increased 83% across our customer base from 2016 to 2017. More specifically the data has indicated the following price news based on the individual purchases by state and local governments:
The public sector is spending more money on janitorial and cleaning equipment and supplies. This is due to a combination of an increase in the number of supplies solicited as well as an increase of pricing. In addition – the data shows a wide discrepancy in pricing on individual items – which should be monitored more closely. Finally – our data shows that items purchased on contract generates a lower cost per item.
To learn more about Periscope Holdings’ Public Procurement Solutions – visit www.periscopeholdings.com/buyspeed
Calculations are based on documented Periscope Holdings customer savings and research from Aberdeen.