How to Leverage E&I’s Cooperative Buying Benefits in Higher Education
While buyers can purchase goods or services, procurement teams have to manage the entire procurement vs purchasing process. This means end-to-end sourcing, negotiating, contracting, and managing vendor relationships. Cooperative buying streamlines the entire process by making pre-negotiated contracts available, generally at significantly discounted prices. E&I Cooperative Services® is a member-driven organization that focuses exclusively on […]
How Does Higher Education Procurement Work
The landscape in education is changing rapidly. Colleges and universities are dealing with declining enrollment and lower tuition fees. While overall enrollment rose in the fall of 2023, freshman enrollment numbers continue to drop. Inflation, higher supply costs, and staffing challenges are all eating away at budgets. For everyone involved in procurement and purchasing, there […]
How Do Education eProcurement Systems Work?
Schools and universities typically spend as much as 25% to 35% of their operating budgets on goods and services. Whether you’re overseeing a large procurement team or handling purchasing locally, the need for an efficient system to navigate procurement and secure the best deals is paramount. An eProcurement system is a digital platform designed to […]
Key Trends in Education eProcurement
Collectively, public and private universities in the U.S. spend about $600 billion annually on goods and services. Public elementary and secondary schools spend another $870 billion. With more than $1.5 trillion in purchases each year, many institutions struggle to control spending or fail to take advantage of consolidation and cooperative purchasing to lower costs. Now […]
Different Types of Education eProcurement Solutions and Who They Benefit
Despite the billions of dollars that are spent in the education sector each year, a surprising number of transactions still take place manually. This can be labor intensive and cost you valuable time and money. eProcurement solutions can streamline the procurement process, enabling you to more effectively manage and consolidate your spending and make more […]
Your Guide to Today’s Education eProcurement Tools
In today’s challenging economic landscape, it’s more important than ever for educational institutions to prioritize increased control of their spending. As costs escalate and budgets tighten, procurement teams are facing heightened scrutiny while continually navigating the balance between spending and essential needs. eProcurement solutions help accelerate procurement cycles and control costs. eProcurement Definition eProcurement is […]
Education eProcurement 101: Examples, Software, Benefits, and More
In an era of rising prices, budgetary constraints, and uncertain enrollment numbers, there is increasing pressure to streamline processes, reduce costs, and do more with less. Today’s higher ed institutions are experiencing a significant drop in tuition revenue, contributing to a 70% increase in the number of colleges facing financial distress. This situation is particularly […]
Enhancing Supplier Diversity & Streamlining Procurement: Texas A&M’s Success with E&I’s Staples Contract
An Interview with Robby Bounds, Texas A&M University Executive Director of Procurement Services In this blog post, we delve into how Texas A&M University (TAMU) took significant steps to enhance its supplier diversity initiatives and streamline procurement processes through E&I’s Staples contract. Robby Bounds, Texas A&M University Executive Director of Procurement Services explains why this […]
What is an EMMP & What are the Benefits of Partnering with One?
Managing Maintenance Service Agreements on Your Behalf We’ve recently launched new contracts with three leading equipment maintenance management program (EMMP) providers: Electronic Risks Consultants, Remi, and Specialty Underwriters. But what is an EMMP, and what are the benefits of partnering with one? In short, an EMMP manages original equipment manufacturer (OEM) maintenance service agreements on […]
Cooperative Purchasing 101: A Primer for Busy C-Suite Execs
Webinars Conducted on | Thursday, August 3, 2023 @ 2PM (ET) Sponsored by | E&I Cooperative Services Presented by | E&I Cooperative Services Cooperative Purchasing 101: A Primer for Busy Higher Education Executives As a busy C-Suite executive, you understand the importance of efficiency and cost savings in your procurement process. Cooperative purchasing can help. […]
