Schools and universities typically spend between 25% and 35% of their operating budget on goods and services.
At E&I, we consider this addressable spend, and our core mission is to help our members drive cost savings within that spend, accomplishing much more with much less.
Our Structured Approach
E&I has developed a strategic and consultative approach to help members rationalize and streamline their sourcing and spend activities. We accomplish this using our unique Strategic Spend Assessment (SSA), a structured and repeatable process in which we review and analyze your spend data for opportunities to reduce costs, bring more spend under contract, and maximize spend control and efficiencies.
How Does it Work?
We begin by looking at your high-level spend data to identify where your portfolio currently aligns with E&I contracts and potential areas of synergy and strategic opportunity. Typically, this comprises 12-month spend data that is readily accessible in your Accounts Payable and P-Card systems. An SSA will typically cover the following pillars of strategic opportunity – click each one for a brief overview:
Contract Portfolio Alignments Improved Supplier Consolidation Strategic Roadmap
Rebates & Incentives Diversity Suppliers Covid-19 Solutions
E&I Member Awards
Commitment & Timeframes
When you decide to conduct an SSA with E&I, all you need to do is provide your high-level spend data. We take care of the rest. Each E&I SSA is assigned its own dedicated Sourcing Consultant and Strategic Sourcing Analyst.
The results of the SSA are presented in the form of a written report which outlines opportunities identified in each of the five categories. The process typically takes between five and ten business days, after which we will provide you with your customized final report which will facilitate a strategic conversation about your contract portfolio. We will then work with you to optimize your sourcing strategy.
Interested in learning more about an E&I SSA? Please fill out the form below to let your E&I Member Representative know.