7 Economic Benefit Model™ Strategies That Maximize Procurement Cost Savings
Budget pressures in education have never been greater. With enrollment declines, frozen budgets, and increasing compliance demands, procurement teams are expected to deliver more value with fewer resources. Every dollar matters, and every sourcing decision carries strategic weight. That’s where the E&I Economic Benefit Model™ (EBM) comes in. Built specifically for education, this model helps […]
How to Calculate and Measure Procurement Cost Savings Using the E&I Economic Benefit Model™
Procurement teams are increasingly expected to demonstrate the tangible value they deliver to their institutions. It’s not enough to secure a lower price. The real impact is in quantifying how sourcing decisions strengthen financial stewardship, reduce risk, and improve overall institutional performance. The E&I Economic Benefit Model™ (EBM) offers a measurable advantage. It’s a data-driven […]
Strategic Procurement Planning with the Economic Benefit Model™: Optimize Decisions for Maximum Savings
It’s been talked about for years, but now it’s a reality. The demographic cliff is here, with high school graduates peaking in 2025. Starting next year, there will be fewer students coming out of high school, and forecasts show continued declines every year for the next decade. Couple that with higher prices, tighter budgets, and […]
Higher Education Procurement: How the Economic Benefit Model™ Increases Campus Cost Savings
The 2025 Annual Higher Education Outlook report from Forvis Mazars and NC State University’s Poole College of Management revealed a striking reality: successful institutions today typically maintain an operational net income of just 2% of total revenue. That’s a razor-thin margin and emphasizes just how critical it is for procurement teams when making sourcing and […]
The Economic Benefit Model™: Complete Guide to Procurement Cost Savings for Educational Institutions
Procurement teams often focus primarily on cost avoidance and holding the line on inflation. It’s not surprising. About 70% of procurement leaders list cost management as their biggest strategy for today and the foreseeable future. Looking at the top issues facing higher education, you can see just how critical procurement has become in achieving goals […]
The Complete Guide to Selecting Educational Procurement Software
Education procurement software is key to becoming proactive when it comes to finding cost savings and managing your workflow. Depending on the level of process automation and AI tools you have in place, you can see significant cost reductions. For example, a 2025 analysis shows that building a comprehensive cost-reduction strategy with the right tool […]
2025 Digital Procurement Trends Every Higher Ed Leader Should Know
The pace of change in technology today is staggering. It seems like we’re reading about breakthroughs in AI almost every day. These changes impact the way entire industries think about their workforce and workflow, and how they can apply these lessons to streamline operations and reduce costs. In procurement, technology trends go well beyond just […]
Mastering Higher Education Purchasing: A Strategic Framework
Procurement in higher education used to be a back-office function, often undervalued. As long as you stayed within your budget and made sure your institutions had the goods and services it needed, procurement often operated quietly, behind the scenes. No more. Budget challenges, uncertain finances, enrollment concerns, layoffs—all spending is front and center now and […]
The Complete Guide to eProcurement Success in Higher Education
According to E&I Cooperative Services’ State of Higher Education Procurement Industry Report 2025, as many as 30 to 40% of universities now face deficits, many in the hundreds of millions of dollars. For many, the gap is growing as well, increasing the focus on cost reductions and accountability across purchasing. eProcurement solutions with a solid […]
How Procurement Automation is Transforming Higher Education Operations
You know this better than anyone: procurement teams are under intense pressure today. With big budget challenges, worries about funding, and enrollment declines, every dollar spent is under review. And even though you’re probably doing more with less, the work you do may be under more scrutiny than ever before. The solution? Finding efficiencies at […]