Bursars from independent schools collaborate for cost reduction - Global Banking & Finance Review
Image depicting bursars from independent schools uniting to leverage collective purchasing power. This initiative aims to reduce costs and improve financial management in education.
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MORE INDEPENDENT SCHOOLS TO BENEFIT FROM COLLECTIVE PURCHASING AS SEVERAL JOIN NEW BURSAR-LED INITIATIVE

Published by Gbaf News

Posted on April 8, 2014

4 min read

· Last updated: December 11, 2018

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Independent Schools Join Collective Purchasing Initiative

Bursars unite as they look for new ways to shave costs and reduce spend

Bursars from RGS Newcastle, Wellingborough, Box Hill and Edge Grove School are next in the line of independent schools that have joined The Facilities Collective (http://www.facilitiescollective.com/) collaborative purchasing initiative. As Founding Partners they will each benefit collectively from their significant purchasing power as they work to reduce school overheads and take advantage of sustainable reductions in supply chain costs. Created by F&B technology firm Caternet, and chaired by the Bursar at Kimbolton School, the Collective has already united a total of eleven independent schools ahead of its official launch in April 2014 with many more expected to follow.

More Independent Schools To Benefit From Collective Purchasing As Several Join NEW BURSAR-LED INITIATIVE

More Independent Schools To Benefit From Collective Purchasing As Several Join NEW BURSAR-LED INITIATIVE

Schools Benefit From Advanced eProcurement Tools

These new members of the Facilities Collective will be using online paperless eProcurement and budgeting software from Caternet to control their decentralised communities and spending levels.

Bursar at Wellingborough, Mike Skidmore said, “Wellingborough is joining the Collective as a Founding Partner so that it can work closely with the other schools involved in this mutually beneficial initiative and help Caternet to really focus the software into a powerful control and price guidance system to maximise this very sensible and innovative scheme.”

John Pratten, Bursar at Box Hill School also said: “Box Hill School is well known for its desire and commitment to innovate and inspire. So this opportunity to join the Facilities Collective as one of the Founding Partners is a good opportunity to influence the development of a sound idea. Internet shopping is having a profound influence on the nature of purchase control in Schools and to have a service that facilitates the freedom but exerts controls over expenditure can only be an advantage. I’m hoping that this ‘light touch’ software will be as popular with the users as it will be with the Bursar once it delivers all it has promised.”

While Martin Sims, Bursar at Edge Grove said “We are joining the Facilities Collective as we see our unique community benefiting significantly from the opportunities to modernise our IT and to join with our larger colleagues in collective purchasing. Edge Grove’s business is in educating tomorrow’s leaders, and as such we see the partnership with the Collective to allow us to continue our focus on core activities.”

Richard Metcalfe, Bursar at the RGS Newcastle concluded the comments by saying “We like to think we’re always out in front, so we continuously review everything we do and how we do it. The Facilities Collective is very much a step into the future of cost control and online business management. With the way the FC team are going about the software development and ‘tuning in’ with the Founding Partners, we felt we needed to be part of this innovative movement, so here we are leading the way in the North East!”

Caternet and Facilities Collective Expand

Jerry Brand, Managing Director at Caternet is delighted to have these latest schools on board, he explains: “The Collective is really about schools using their own choice of suppliers while modernizing their purchasing processes and administration using sophisticated online software. Through these improvements we are confident that the Collective can save any school money by ensuring competitive pricing across the many thousands of products and services that they buy.”

Enhanced Technology for Diverse School Needs

Caternet is developing an enhanced technology system to encompass all cultural and departmental structures within the differing styles of independent schools (such as day, boarding, inner city and rural); it is also on the brink of signing up a further fifteen independent schools over the course of the next month as it moves towards its official launch.

The target is to bring in twenty Founding Partners for the official launch in April 2014, in return for which Caternet is offering a 35% reduction in license fees for the lifetime of membership.

Key Takeaways

  • Independent schools—including RGS Newcastle, Wellingborough, Box Hill, and Edge Grove—have joined The Facilities Collective to leverage collective purchasing power for reduced overheads and supply chain costs.
  • The Facilities Collective, created by F&B tech firm Caternet and chaired by the Bursar at Kimbolton School, unites multiple schools as Founding Partners ahead of its April 2014 official launch.
  • Member schools will use Caternet’s online paperless eProcurement and budgeting software to enhance decentralized spending control.
  • Caternet offers improved purchasing technology adaptable to different independent school models and plans to recruit fifteen more schools to reach a target of twenty Founding Partners by launch.

References

Frequently Asked Questions

What is the Facilities Collective?
The Facilities Collective is a collaborative purchasing initiative created by Caternet to help independent schools reduce overheads through collective buying and eProcurement software.
Which schools have joined as Founding Partners?
RGS Newcastle, Wellingborough, Box Hill, and Edge Grove schools have joined as Founding Partners.
When is the official launch of the Collective?
The official launch is scheduled for April 2014.
What technology will member schools use?
They will use Caternet’s online paperless eProcurement and budgeting software to manage spending and purchasing.
How many Founding Partners does Caternet aim to have?
Caternet plans to bring in twenty Founding Partners by the official launch, with about fifteen more expected in the next month.

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