Forming successful business partnerships with suppliers can produce big benefits for universities.. When you work together with suppliers, you can develop innovative solutions and drive efficiency. By aligning goals, this collaboration generally produces better solutions and value compared to a strictly transactional relationship.
What is an example of a cooperative relationship in business? While we won’t name the contract providers, it’s useful to take a look at the assortment of some of the contract types available through E&I Cooperative Services, the only nonprofit, member-owned educational cooperative. These competitively solicited contracts enable schools, colleges, and universities to develop strong supplier relationships, save money, and streamline procurement.
These are just a few of the more than 200 cooperative contracts available through E&I Cooperative Services. Members have access to a broad range of pre-negotiated, competitively solicited agreements. Our members, located nationwide, have worked together to provide an RFP process that helps deliver on higher education institution requirements for diversity and compliance. Beyond the cost savings, you won’t have to conduct the RFP process: E and I does it for you. One note: while most contracts are available nationwide, not all are available in all areas. In some cases, companies may also subcontract fulfillment. This can allow you to incorporate local or regional suppliers into your procurement process.
So, what is an example of a cooperative relationship in business?
E&I Cooperative Services.
When you become a member of E&I Cooperative Services, you get access to a diverse set of top-tier suppliers that cater to the education sector. Leveraging the combined purchasing power of 6,000+ member institutions, E&I cooperative contracts produce volume discounts that are generally higher than what you can achieve on your own. E&I helps you develop strong relationships with suppliers, with contracts tailored to meet the unique needs of academic institutions.
This will also save you time. Rather than spending weeks or months sourcing suppliers, crafting RFPs, and negotiating contracts, you can opt into ready-to-use contracts that meet your procurement requirements. In many cases, you can create relationships with education suppliers that otherwise might not respond to individual RFPs.
In short, an educational cooperative can help you achieve:
There is no cost for educational institutions to become a member of E&I Cooperative Services and no minimum purchase requirements. You also benefit from the collective knowledge of procurement professionals from other institutions, finding unique and creative solutions to challenges.
E&I Cooperative Services is the only member-owned, non-profit sourcing cooperative exclusively focused on serving the education community. Because it’s our sole focus, we are uniquely equipped with the knowledge, experience, and passion to meet the specialized needs of educational procurement.
Learn more about the benefits of becoming a member or view available contracts.