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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.’