DOCUMENT

MODL - Procurement Savings & Revenue Generation Tracking 2009

  • YEAR CREATED: 2009
  • ENTITY TYPE: County
  • TYPE OF DOCUMENT: MODL - Model, Templates
The document describes the development and implementation of a Cost Savings and Revenue Generation Tracking Database by Rockland County. The database is accessible through the County network and allows buyers to record cost savings and revenue generation information as they award contracts or issue purchase orders. The database also provides detailed reports to management, categorizing the cost savings and revenue generation results. The County researched cost savings tracking in public procurement and defined eleven cost containment activities and two revenue generation activities to be measured. The Purchasing Division worked with the Finance Commissioner to agree on the definitions of these activities. For the 2008 fiscal year, the total value of cost containment activities was $1,580,386 and the total value of revenue generation activities was $551,748, resulting in a grand total of $2,132,134 in value provided by the procurement function. The database contributes to the profession by providing a tool to capture the value the procurement function brings to an organization through purchasing activities. It also increases procurement's value to the organization by quantifying the value in monetary terms and demonstrating collaboration with stakeholders. The database has redefined the way the organization operates by placing a greater emphasis on bottom line financial results.
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