Supply Market Intelligence

The DfTc Group Procurement function have a clear requirement for a tool to provide UK Supply Market Intelligence information to enable the organisation to search for, identify and contact relevant and viable suppliers. Better market intelligence at the earliest Market Engagement stage of the Procurement process will enable us to drive improved competition and achieve better informed commercial strategies and decisions. This includes mitigating risk where we may have not been able to identify any viable suppliers for a business requirement, or have only been able to identify a single source, using previous methods, for example in small, niche or complex marketplaces. The value of such a tool was demonstrated to the business recently when a marketplace search for tugboat provision to the MCA could not identify any suppliers. As a one-off exercise, the provider of such a tool (who provides other Supplier Data tools to Group Procurement) was able to identify a suitable source using their database. In instances where a single sourced supplier may fail, the tool will enable us to more quickly identify and engage with a substitute supplier, mitigating such costs as lack of service provision, project delays, and disruption to customers.