Spend Under Management For definition
Spend Under Management For each year the framework is live the Supplier will achieve a minimum 10% increase in spend growth including new customer on boarding and transitional spend. The baseline for the intended increase in spend of a minimum 10% is based on the anticipated framework spend in year 1 of £18m, the intended number of successful suppliers is 10, therefore the baseline for each successful supplier will initially be £1.8m for year 1. This will be reviewed at each Framework Management Review Meeting as detailed in Framework Schedule 11: Framework Management Clause 2.2 Framework Management. Achieved agreed % increase in spend and new customer growth confirmed by the Authority. Operational Efficiency/Price Savings The Supplier will deliver 8% cost savings when comparing current spend against the 09/10 baseline equivalent rates. The Authority will measure the Supplier on adherence to the milestones agreed within the savings plan. Performance Improvement The Supplier will achieve 100% customer satisfaction scoring and will have an implemented and agreed Performance Improvement Plan in place to address any performance issues. The Authority will measure the Supplier on adherence to the milestones agreed within the Performance Improvement Plan. Support Commercial Delivery The Supplier will assist the Authority to develop category specific skills and knowledge via methods including but not limited to; technical/market training, support for specific projects and areas of work provision of commercial intelligence Training provided to category staff as identified appropriate by Line Managers demonstrated via an increase in skills (evidenced via capability reviews, Personal Development Plans and Annual Staff Reviews) Project support resource provided by supplier Access to commercial intelligence at no cost
Spend Under Management For each year the framework is live the Supplier will achieve a minimum 10% to 20% increase in spend growth via new customer on boarding and transitional spend. The actual increase to be agreed with individual successful Suppliers. Achieved agreed % increase in spend and new customer growth confirmed by the Authority. Operational Efficiency/Price Savings The Supplier will deliver against an agreed plan to derive further cost savings over the term of the contract via continuous improvement and innovation. This must be submitted to the Authority by 31.3.2013. The Authority will measure the Supplier on adherence to the milestones agreed within the savings plan.
Examples of Spend Under Management For in a sentence
Spend Under Management For each year the framework is live the Supplier will achieve a minimum £xx (to be agreed April each year) increase in spend growth including new customer on boarding and transitional spend.