Cardiff Met Recognised for E-trading Expertise

​14/09/2015

​​Head of Procurement, Peter Standfast and Deputy Head of Procurement, Andrea Brooksbank at the MoU signing with Jane Hutt AM (right). 

Wales’ Minister for Finance and Government Business has marked the signing of a Memorandum of Understanding (MoU) in support of further e-trading at Cardiff Metropolitan University.

Jane Hutt visited the University’s Llandaff campus with representatives from Value Wales,  the Welsh Government department tasked with working across the Welsh public sector to help deliver better outcomes from public procurement.

Electronic systems in a procurement operation ensure efficiency and enable quotes and tenders to be obtained online (‘sourcing’) in addition to online ordering and invoicing (‘trading').

Value Wales’ e-Procurement Services programme (EPS) provides funding, support and delivery of both sourcing and trading systems for Welsh public procurement and Cardiff Met is the first public organisation in Wales to sign an MoU to ​facilitate further development of e-trading capability.

Jane Hutt said: “eTrading Wales is a major investment by the Welsh Government to support the development of procurement capability across Wales.  It is making it easier for suppliers to deal with the public sector and help ensure that suppliers are paid promptly.  I am delighted that this  Memorandum of Understanding with Cardiff Met has been signed for engaging in the Trading Wales programme.”

“Cardiff Met was found to be one of the top performing public bodies in Wales through the procurement fitness check programme and I am pleased that the University is leading the way and supporting delivery of this important programme.”

E-trading Wales software is provided by third party ProcServe, which has been utilised by Cardiff Met for three years, when the University was the first Higher Education Institution to activate or ‘go live’ with e-trading. It is often a challenge to convince suppliers that the benefits in efficiency and effectiveness gained by switching to e-trading are good return for the investment in time and money in the systems, but 12 Cardiff Met suppliers are currently on board.

Cardiff Met is one of 16  Welsh public organisations to have introduced their own  ‘supplier adoption’ programmes in order to meet with targets set out by Welsh Government, which has recently funded an ‘e-trading adoption acceleration plan’ managed by EPS and delivered by ProcServe.

Peter Standfast, Head of Procurement at Cardiff Met, represents Higher and Further Education on the EPS Board and said: “Cardiff Met believes that effective procurement is important for a high performing university. We intend to work with our suppliers to ensure that we are all maximising the opportunities that electronic trading technology provides.”