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 […]
E&I Distributes $3.35 Million to Educational Institutions; Announces Strong Financial Results
April 2024 | 2023 Financial Results and New Board of Directors Presented at Annual Stockholders’ Meeting
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 […]
Supply Chain Secrets Higher Ed Procurement Officers Need to Know
Over the past year, supply chains have more or less stabilized with fewer disruptions and more available inventory. Still, costs remain high for goods and services and remain challenging for higher education institutions that are operating under budgetary constraints. How do schools improve supply chain procurement and reduce costs? By relying on their procurement teams, […]
Maximizing Value Despite Rising Costs: The Case for Educational Purchasing Cooperatives
There are two truths facing educational institutions when it comes to procurement. Costs have increased for nearly every category of goods and services. At the same time, there are significant budgetary constraints, resulting in renewed efforts to reduce expenditures. Procurement teams are on the front lines of maximizing value and ensuring dollars are spent wisely, […]
Generating Revenue by Optimizing Indirect Procurement in Higher Education
Indirect spending can account for 35% to 45% of an institution’s expenses, yet it often gets overlooked as a place to save money and generate revenue. McKinsey research shows that a focused approach to category management can reduce indirect costs by 10% to 15% with a fairly short turnaround. About eight in 10 organizations see […]
Uncovered Opportunities: How Category Management Adds Value to Higher Education Institutions
Colleges and universities today are looking for innovative solutions to control costs and create efficiencies when purchasing goods and services. By organizing procurement activities around specific categories of spending, category management in procurement enables academic institutions to leverage their buying power and create strategic relationships to drive greater value. What Is Category Management in Procurement? […]
