Higher Ed Financial Procurement Meaning During Changing Times in Education
Higher education has been in the news a lot lately, but not always for positive reasons. The high cost of education and more than $1.7 trillion in student loan debt have many questioning the value of a college education. Enrollment has plateaued. For some colleges and universities, incoming freshman enrollments are in decline. Inflationary prices […]
The Ultimate Guide to Financial Services Procurement for Higher Education Institutions
It’s no secret. Colleges and universities today have significant financial concerns. Procurement teams are facing increased pressure to lower costs and create efficiencies to reduce overhead. Yet, teams must continue to provide the goods and services institutions need to function smoothly. It can often feel a bit overwhelming, especially when you consider additional requirements necessary […]
Financial Services Procurement: Resources for Higher Ed Procurement Professionals
With increasing budget constraints and a tight focus on cost control, procurement teams are being asked to take on an even bigger role in higher education. Besides buying goods, procurement teams are increasingly focusing on data analysis to ensure they are maximizing budgets and meeting diversity, sustainability, and other college and university initiatives. In this […]
Spend Analysis in Procurement: Strategic Sourcing and Cost Savings for Higher Education
Procurement in higher education is a multibillion-dollar enterprise. Every year, colleges and universities spend billions on goods and services, from cutting-edge technology to office supplies and food services. With today’s renewed emphasis on cost control amid increasing budget constraints, procurement teams can be leaders in reducing costs. One area that can produce significant savings is […]
What Is Sustainability in Procurement? Understanding the Basics with Real-World Examples for Higher Education
What Is Sustainable Procurement? Sustainable procurement places a priority on buying eco-friendly products that reduce environmental impacts. By selecting products, services, and suppliers that align with your institution’s sustainability goals, procurement teams can promote social responsibility and save money at the same time. While answering the question, “What is sustainable procurement?”, you might uncover different […]
Higher Education Procurement and Sustainability: Harnessing Requirements to Drive Positive Environmental Change
Higher education institutions have a significant responsibility when it comes to fostering sustainability. It’s essential to educate students about the importance of environmental stewardship and to set an example by incorporating eco-friendly practices into your procurement and sustainability strategies. For procurement teams, this has created another layer of complexity to meeting procurement targets in an […]
Sustainability in Procurement for Higher Education: Key Strategies for a More Sustainable Campus
When thinking about your institution’s environmental impact, sustainable procurement strategies focus on more than just the cost of goods or services. Purchasing decisions also have the power to affect environmental and social implications. For any institution that wants to be part of building a greener tomorrow for future generations, procurement teams must adopt a sustainable […]
Higher Education Procurement Sustainability Checklist: Essential Items for a Sustainable Campus
Is your higher education institution meeting sustainability and environmental goals? How do you stack up against other colleges and universities? Are your sustainability goals producing demonstrable differences in waste reduction and environmental initiatives? You need to know the answers to these questions if you want to make sure you have the right sustainable procurement criteria […]
Sustainability in Procurement Playbook for Higher Education: Proven Strategies for Maximizing Environmental Impact
Sustainable procurement practices are front and center at most colleges and universities these days as concern for environmental health becomes a bigger part of societal conversations. While two-thirds of Americans worry about the dangers of climate change, more than 90% of students say they are concerned. In fact, nearly half of students said they considered […]
The Strategic Connection Between Sourcing and Procurement and Why it Matters
If you’re working in education today, you know the challenge. You’re tasked with providing high-quality services and optimizing diminishing resources. With increasing budget constraints and the high price of goods and services, a strategic approach to sourcing and procurement is crucial. You can no longer just renew contracts or go to the same suppliers without […]
