Contracting and procurement

P&T manages the contracts with tens of thousands of vendors through which more than $40 billion a year is spent on goods and services. One of the main aims of P&T’s improvement programme has been to increase the value derived from every dollar of third-party spend. To that end, very competitive supply chains have been put together. P&T intends to build on this progress with supply-chain partners, introducing new methods of collaboration based on greater trust and transparency.