The UK public sector has now placed £1 billion of transactions through its e-procurement platform supplied by Procserve over the last five years, with 46 percent of deals completed in the last 12 months.
The public sector is said to have made millions of pounds in savings as a result. Procserve’s Commerce Network hosted the transactions from more than 5,030 organisations across the public sector. More than 3.4 million transactions have been processed on the network over the past five years.
An order for lead flashing to repair a roof placed by a local council brought the amount spent through the e-procurement platform to £1 billion, said Procserve.
The platform ensures that goods and services are only purchased from pre-approved suppliers, and it enables group buying among public sector agencies to make further savings.
Procserve says 50 percent of public sector bodies now use some form of eProcurement. This year, it says, adoption rates will accelerate further as attention shifts to meeting the European Commission's objective for all public sector purchases to be made via eProcurement by June 2016.
David Shields, managing director of the Government Procurement Service (GPS), said: “The UK has been a global leader when it comes to public sector e-commerce adoption and the £1 billion landmark figure is testament to that.
"What makes the number so significant is that it was not achieved through several multi-million pound transactions, but millions of smaller ones - evidence that government is providing opportunities for ambitious suppliers that want to get on.”