IBIS was a model designed to help institutions measure, and thereby improve, the effectiveness of their procurement function in terms of value for money and risk reduction through The identification of the importance of procurement in terms of the institution's total expenditure
- The use of good contracts with good suppliers
- Having a Procurement Office that provides a high quality, economical service
Whilst the model is no longer in use its theory can still provide us with a framework for measuring the effectiveness of the procurement function. It recommended;
- Assessing the level of professional procurement influence over the institution's non-pay expenditure (both in total and by commodity)
- Assessing how the suppliers are selected by monitoring the different types of procurement arrangements used
- Determine new commodity areas to be subjected to competition
- Reviewing compliance with existing framework arrangements and contracts
- Benchmarking within the institution, to monitor year on year progress and improvements
- Benchmarking against other similar institutions to gain knowledge of best practices nationally and to use that knowledge to make further improvements
- Inclusion of this analysis in annual and other reports, and for presentations and training