Spend and Contracts Cost Containment

Spend and Contracts Cost Containment

At many campuses, procurement is ripe with politically palatable cost savings, since changes to procurement typically do not require labor cost reductions or affect faculty’s day-to-day work processes. Our tools help leaders evaluate existing spend policies and increase strategic sourcing capabilities to maximize savings.

Longer-term cost containment tactics

Procurement Functional Maturity Diagnostic

Evaluate your institution’s strategic sourcing, spend analysis, and vendor evaluation and negotiation capabilities relative to other higher education institutions

Building Strategic Procurement Capabilities

Use our toolkit for building strategic procurement capabilities to identify technologies and staff investments to consider that will yield sourcing savings over time

Disciplining University Spend

Reduce costs by working with faculty and purchasing departments to revise policies to maximize on-contract spend and achieve greater efficiency

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