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Analyst recruitment boosts procurement savings

Peto has launched a new analyst team to offer enhanced financial savings in NHS procurement. The company’s first Data Analyst joined the business in January 2017 and the company will build its analysis function in line with growth during the next three years.

Working with Peto’s buyers and external software developers, analysts will use computerised tools and business models to study past NHS trust purchasing behaviours, interpret customer needs and translate them into savings on a broad range of medical commodities. The team will also provide an interface with Peto’s proprietary, cloud-based Procurement Analysis Database (PAnDa) to maximise potential savings via Peto’s next generation of serviced software.

Peto chairman, Robert Osborne, believes that adding depth in analysis is a vital step forward. He said: ‘Our procurement team has already delivered important savings to a major NHS trust by identifying and negotiating potential cost reductions on off catalogue items. Better analysis of the data will allow us to source substitute suppliers and alternative products to provide trusts with a more efficient market. Formalising our data analysis capabilities will immediately increase our potential savings ahead of even more big data benefits in future.’

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Peto signs Barts NHS Trust

Peto and its technology partner, Shoothill, have signed an exclusive contract with Barts Health NHS Trust to offer the Peto Process to manage procurement of a broad range of medical supplies and commodities. The contract is the result of a development programme with the Trust and marks a key milestone in the commercial evolution of Peto’s proprietary, cloud-based Procurement Analysis Database (PAnDa) system.

Peto Chairman, Robert Osborne said: ‘We are delighted to sign this contract and to continue our close working relationship with Barts. We are already delivering significant procurement savings and are excited about the huge opportunities for “big data” to offer the taxpayer even more for less.

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