Sign up to our Editors Choice newsletter now! Click here

Social housing providers could net £1.7 billion in maintenance savings - report

Accessibility Menu

Menu Search

24dash - The UK's most up-to-date social housing and public sector news website

Social housing providers could net £1.7 billion in maintenance savings - report

24DASH.COM Logo

Published by Max Salsbury for 24dash.com in Housing and also in Finance

Social housing providers could net 1.7 billion in maintenance savings - report Social housing providers could net 1.7 billion in maintenance savings - report

Image: Money via Shutterstock

The UK's housing associations and local authorities could be making combined yearly savings of £285 million by re-engineering their repair and maintenance (R&M) materials purchasing and management, a new report has revealed.

According to the Travis Perkins Group-commissioned study, if social housing providers reformed their approach to R&M purchasing, £1.7 billion could be saved by the end of the decade.

MindMetre Research's analysis - 'Material Advantage' - took in the experiences of 95 housing associations and councils that have already addressed inefficiencies in this area, and found that partnering with an organisation to reduce their materials supply chain can enable providers to improve efficiency and productivity with:

• Shorter supply chains.
• Accurate stock levels, elimination of wasted time and better ‘first time fix’ rates.
• Reduction or elimination of storage requirements.
• Product standardisation, ensuring high quality materials at lower costs.
• Improved management information on workforce productivity.

Ian Church, managing director Travis Perkins Group Managed Services, said: “With social housing providers under continued pressure to do more with less, the smallest inefficiency can cause much larger issues for authorities. Identifying the purchasing and management of R&M materials as a starting point, however, means housing associations can begin to address the issue.

“Partnering with an organisation that improves and shortens the supply chain presents a viable way for organisations to better meet budgets and reduce inefficiency.

"Bringing purchasing costs closer to the original supplier not only reduces costs, it also brings the benefit of product standardisation, which leads to high product quality and lower long-term costs. What’s more, the improved IT capabilities brought by partnerships like this enable better scheduling, reducing downtime and limiting gaps in between tenancies.”

Comments

Login and comment using one of your accounts...