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Procurement Sourcing Trends to Help Higher Education Leaders Excel in Today’s Market
...in procurement. With the right tools, procurement teams can delve deeply into spending, markets, and suppliers. Strategies include: Spend analysis: Analyzing historical spend data to identify patterns, maverick buying, opportunities...
What Higher Education Needs to Know About Supplier Sourcing and Purchasing
...and staying on top of procurement trends, you can create a more efficient plan of attack. Strategic Sourcing There are four pillars in strategic sourcing: Data analysis Market research Supplier...
7 Reasons to Use Cooperative Contracts
...strategic projects. Procurement professionals are able to utilize more time to establish and develop the important collaborative relationships that are imperative to the success of an organization. 6. Spend Analysis...
What Is a Cooperative Agreement for Education?
...on the education sector and have years of experience in procurement. Spend Analysis Cooperative agreements provide you with an easy way to compare your current costs versus leveraging cooperative contracts....
GPO Contracts: Insights for Educational Institutions
...Cost-Benefit Analysis With any contract, you will want to conduct a cost-benefit analysis to determine the potential savings. You should always consider the total cost of operation (TCO) and weigh...
Navigating National Purchasing Cooperatives: From Basics to Best Practice in Educational Procurement.
Navigating National Purchasing Cooperatives: From Basics to Best Practice in Educational Procurement. August 30, 2024 Cooperatives are a powerful force in business, often hidden in plain sight within some of...
Supplier Spotlight: Avantor, delivered by VWR
...their goals, we need to address sustainability-related performance. By connecting our relevant stakeholder to the business unit, we are able to best identify stakeholder needs and how our business can...
The Ultimate Guide to RFP Contracts for Procurement Officers in Higher Education
...higher education procurement professional today is challenging. From ensuring compliance with state and federal regulations to stretching limited budgets to mitigate rising prices, procurement officers like Sarah are constantly juggling...
The Most Critical Element of a Modern Travel Risk Management Program in Higher Education
...understanding cross-border regulations, and managing reputational concerns. Data is Most Critical Like with many other actions we perform in our personal and professional lives, proper preparation is key, and it...
How to Leverage Digital Transformation for ERP Change Management in Higher Ed
...much more than just adopting new software. It typically means significant changes to business processes and workflow. One of the worst things you can do is implement a new system...
