There are many issues that schools face when it comes to buying strategy and managing finances. These include: rising costs, deficit budget(s), apprenticeship levy, stagnant income, pressure from increasing employee costs, procurement, and numerous options when it comes to suppliers.
In January 2017, the DfE produced a document called the Schools’ Buying Strategy. The premise is that it will help schools save over £1bn a year on £10bn of non-staffing costs by 2019-20. The strategy focuses on three core areas: skills and relationships, access to best value, and smart consumers.
Vital tools, guidance and support are already available for schools. These include:
Hayley dunn is Finance Director at Codsall MAT and is a Fellow of the NASBM. As a certified accountant, finance is her passion. Hayley believes there is great potential for income generation and fundraising in schools and loves being part of projects that deliver value to pupils, whether by providing money, resources or life experiences. Hayley is an avid Twitter user: @ShropshireSBM, and blogs at ShropshireSBM.org.