Don’t Make These Mistakes When Choosing a National Purchasing Cooperative for Education
Selecting the right national purchasing cooperative is crucial for educational institutions looking to streamline procurement and save money. However, the process isn’t always straightforward, and common mistakes can lead to inefficiencies and compliance issues. We’ll explain some of the key mistakes academic institutions make. But first, let’s tackle the question: what are group purchasing organizations […]
Leveraging Benefits of Cooperative Agreements and Grants for Higher Ed: Optimizing Your Leverage
The Department of Education provides a variety of grants for schools, which go beyond financial assistance for students. These grants cover basic needs, centers of excellence, innovative programs, IT modernization, and more. There are also millions of dollars in grants available from private and nonprofit organizations to improve learning. While grants typically have stipulations for […]
David Wheeler and Edward Romero Receive Arthur Hanby Procurement Leadership Legacy Award
Dec 09, 2024 | E&I and CGCS Recognize Exceptional Leadership in Urban Education Performance
How Cooperative Buying in Education Helps Institutions Save on Essential Supplies
With cooperative buying, schools can combine their purchasing power to obtain lower prices and better terms from suppliers. This is especially powerful for commodities and essential supplies for school districts, colleges, and universities. You save time and money while streamlining your procurement. Key Benefits of Partnering with an Education Buying Cooperative When you partner with […]
The Flexibility of Buying Cooperatives for Higher Education Procurement
An education buyer cooperative like E&I Cooperative Services helps you do more than just buy the goods and services you need. They serve as a comprehensive resource for educational institutions. By leveraging category specialists, cooperatives enhance procurement strategies, offering insights into market trends and supplier performance. These specialists possess in-depth knowledge of specific categories, enabling […]
How Buying Cooperatives Are Innovating Through Higher Ed Institutions
Procurement and finance teams in higher education are dealing with greater challenges than ever before. This includes ensuring the needs of their institutions are being met while balancing budget constraints and rising costs. Often, they’re functioning with smaller staff and less time. A higher ed cooperative buying group can help in many ways, but it […]
Tips for Leveraging Buying Cooperatives to Achieve Long-Term Savings in Education
Ask anyone working in educational procurement and you’ll hear similar concerns: Increasing operational costs. Increasing budget constraints. Fewer resources. Sound familiar? The pressure to lower costs and maintain a high quality of goods and services is significant for procurement teams and finance leaders in today’s environment. A 2024 survey by Boston Consulting Group reported that […]
How Does a Buying Cooperative Work? A Breakdown for Higher Education Institutions
Financial pressures in higher education are mounting. At least 20 colleges closed in 2024 and more than 40 since 2020. Rising costs are straining many families, and the forecasted “enrollment cliff” is almost here. After 2025, the number of high school graduates is predicted to drop significantly—by as much as 15% over the next five to […]
Ensuring Compliance in Higher Ed with Cooperative Purchasing Contracts
With a legally compliant cooperative purchasing contract in higher ed, you can buy with confidence. A cooperative purchasing contract must meet rigorous standards to comply with procurement requirements. Failing to comply with procurement requirements and laws can have significant implications, including financial penalties, strained relationships with funders, and a loss of trust. Procurement compliance is […]
How to Manage the Contract Period for Cooperative Purchasing in Higher Ed
Tips for Managing the Contract Period for Cooperative Purchasing Contracts Procurement often involves complex negotiations and contracts crafted to comply with a wide variety of laws and regulations. A purchasing cooperative contract in higher ed takes this into account and leverages aggregated buying power to obtain better pricing and more favorable terms. The contract period […]
