At the University of Pennsylvania, the work of Procurement Services and the resolve of our senior leadership to place supply management on the leading edge of Penn's cost containment effort enables us to leverage our buying power and provide financial Return-on-Investment (ROI) that will impact the institution's bottom line.
Cost Containment
| Metric Category |
Metric Overview |
| Financial |
|
| · |
Purchasing Cost Containment |
Documented cost savings and incremental value resulting from strategic sourcing initiatives |
Strategic Sourcing
| Metric Category |
Metric Overview |
| Contracting/Sourcing |
|
| · |
Purchasing Contracting Summary |
New purchasing related preferred University-wide discount pricing agreements |
Spend Management
Economic Inclusion
Related Links
The following are the formal supply chain business strategies we use to achieve the annual performance goals listed below.
- Spend Analysis
Strategic review of School and Center specific spend data across all purchase and payment methods to increase compliance and identify new organization specific contracting and cost containment opportunities.
- Strategic Sourcing
Innovative supply base management initiatives to leverage the institution's buying power and maximize the value of strategic supplier business relationships.
- Contract Management
Development and implementation of university-wide best-in-class contract pricing agreements that provide the University community with "least total cost" for products and services required from external suppliers.
- Collaborative Buying
Utilize local, regional and national collaborative buying business partners to further leverage our buying power.
- Compliance
Promote faculty and staff compliance with procurement and disbursement financial policies and related procedures as well as utilization of University-authorized buying methods and contract suppliers.
