Contracting and procurement
P&T manages the contracts with tens of thousands of vendors through which some $50+ billion is spent per year on goods and services. One of the main aims of P&T’s improvement programme has been to increase the value derived from every dollar of third-party spend. To that end, very competitive supply chains have been developed.
P&T seeks to build on this progress, establishing bold new methods of collaboration with supply-chain partners. This will require greater trust among partners and greater transparency.