A report of the Director of Finance updated the Cabinet on the Corporate Procurement Strategy.

The Strategy was an enabler of the procurement efficiency targets that had been agreed for 2011-12.  These were reflected in the 2011-12 Budget as:-

·  £2.0m from the annual procurement efficiency programme

·  £0.5m from reviewing the top 50 contracts

·  £0.2m from reviewing administrative support costs

It was noted that details of the projected savings for the 2012-13 Budget would be reported to a future meeting of the Cabinet.

RESOLVED:

That the Procurement Strategy be agreed.