What happens to our £220bn annual procurement spend?
The Guardian - Any business needs to know where its money goes. This is especially so if it is spending £220bn a year – the equivalent of £3500 per adult and child in the UK – purchasing goods and services on our behalf. That is nearly 20% of our gross domestic product.
The need for decent data on how it is spent and with whom has been highlighted in several reports including a National Audit Office report last May, Sir Philip Green's report last September and my own, Towards Tesco, published by the Institute of Directors.
Extracting the data on public sector procurement spend from the thousands of diverse finance systems in the public sector makes presenting a coherent and complete picture more complicated than it should be. However, it doesn't lessen the need and there are ways of doing it.