Strategic sourcing is a collaborative approach designed to consolidate and leverage the university’s spend to reduce costs while maintaining or improving quality of the goods and services the university buys.
Initiatives include spend analytics, input from staff through focus groups, streamlined ordering, and invoicing processes with the goal of bringing a best value product or service contract to the university community. The process is proven to:
Strategic initiatives result in awards to local, national, and international suppliers that offer the products and services needed by the university community. See Strategic Contracts for more information or Find Products and Services for a list of suppliers currently under contract with the university.
The goal of Procurement Services is to identify procurement-related cost savings so they may be invested in teaching, research, and patient care, as part of the university’s cost containment effort to save at least $120 million through FY 2017.