Amongst other things, the Spending Review has unearthed a £3.3 billion overspend by the Ministry of Defence during the last twelve months of Labour’s rule.
Stoke-on-Trent, Staffordshire, October 19, 2010 — In their attempt to reduce the massive deficit which hangs over the UK economy, our new Coalition Government is actually helping Vizual Management Solutions Ltd to gain new business.
Amongst other things, the Spending Review has unearthed a £3.3 billion overspend by the Ministry of Defence during the last twelve months of Labour’s rule. The National Audit Office has blamed a failure to set “realistic” budgets, resulting in a “mismatch” between the MoD’s planned expenditure and its forecast funding by the Treasury.
Suppliers to the MoD have always been competitively priced however the new cuts to be introduced on 20th October will have a significant impact upon Manufacturers ability to win contracts and ensure their profitability.
CaptureIT, by Vizual, helps Manufacturers to cost all aspects of a project from initial planning through to setting budgets and monitoring labour costs. By setting a budget for a particular job and subsequently monitoring the time taken to complete the job and the cost of labour, Production Managers gain a clear picture of non-profitable areas to be addressed.
The MoD currently spends around £15 billion a year on a vast range of goods and services and has 32,000 suppliers. Every pound spent will now be more closely scruntinised than ever and CaptureIT users have a clear advantage over their industry piers.
The expectations are that the Coalition Government will make these spending cuts work however tough times lay ahead for businesses competing for a smaller quantity of contracts in an already compact market.
Vizual aims to be the leading provider of Job Costing Systems to UK Manufacturers and already boasts household names amongst its growing customer base.
More about the CaptureIT Job Costing System
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Contact:
Mike Thomas
Vizual Management Solutions Ltd
New Media House, Stanley Street
Tunstall, Stoke-on-Trent
Staffordshire ST6 6BW
0800 288 8632
[email protected]
http://www.vizualms.co.uk
