Contract Negotiation in Procurement Process: Successfully Land the Contract You Want
Being unprepared for contract negotiation in the procurement process is asking for trouble down the road. However, with some strategic planning and relationship building, you can set up your procurement contracts for success. Here are some key considerations to keep in mind before you start the negotiation. Understand What Success Looks Like Before negotiating, […]
Types of Procurement in Education: Key Tips for Smart Sourcing
With today’s rising prices and emphasis on cost reduction amid budget constraints, schools are looking for more efficient ways to manage all types of procurement activities. Once seen as more of an administrative function, procurement teams are now regarded as a valuable asset within institutions to help optimize spending and control costs. A key to […]
Higher Education Procurement Contracts: Creating Win-Win Agreements Between Buyer and Supplier
Much of procurement in higher education involves requests for proposals with stringent rules and regulations that match institutional policies. While areas like competitive sourcing, supplier diversity, equal opportunity, and fairness may not be negotiable, there are other areas where flexibility can produce better outcomes for both buyers and sellers. A McKinsey study across multiple sectors […]
How Do Education eProcurement Systems Work?
Schools and universities typically spend as much as 25% to 35% of their operating budgets on goods and services. Whether you’re overseeing a large procurement team or handling purchasing locally, the need for an efficient system to navigate procurement and secure the best deals is paramount. An eProcurement system is a digital platform designed to […]
Key Trends in Education eProcurement
Collectively, public and private universities in the U.S. spend about $600 billion annually on goods and services. Public elementary and secondary schools spend another $870 billion. With more than $1.5 trillion in purchases each year, many institutions struggle to control spending or fail to take advantage of consolidation and cooperative purchasing to lower costs. Now […]
Different Types of Education eProcurement Solutions and Who They Benefit
Despite the billions of dollars that are spent in the education sector each year, a surprising number of transactions still take place manually. This can be labor intensive and cost you valuable time and money. eProcurement solutions can streamline the procurement process, enabling you to more effectively manage and consolidate your spending and make more […]
Your Guide to Today’s Education eProcurement Tools
In today’s challenging economic landscape, it’s more important than ever for educational institutions to prioritize increased control of their spending. As costs escalate and budgets tighten, procurement teams are facing heightened scrutiny while continually navigating the balance between spending and essential needs. eProcurement solutions help accelerate procurement cycles and control costs. eProcurement Definition eProcurement is […]
Education eProcurement 101: Examples, Software, Benefits, and More
In an era of rising prices, budgetary constraints, and uncertain enrollment numbers, there is increasing pressure to streamline processes, reduce costs, and do more with less. Today’s higher ed institutions are experiencing a significant drop in tuition revenue, contributing to a 70% increase in the number of colleges facing financial distress. This situation is particularly […]
Printing Sustainability
4 Tips for Eco-Friendly Printing This blog originally appeared on the Staples blog. Did you know that 350 million ink and laser cartridges go to landfills every year? Introduce sustainable printing to your home, school, or business with these helpful tips that include recycling ink cartridges and making ink last longer. You know that empty […]
How Schools Can Negotiate Global Marketplace Challenges
Two Steps to Addressing These Ongoing Issues In the wake of COVID-19, the global marketplace is currently facing a number of supply chain and logistic challenges. Pandemic-related labor disruptions in the manufacturing industry have created shortages of raw materials such as plastics, computer chips and nickel, while a surge in consumer demand has strained the […]