HIGHER EDUCATION USE CASE
High-performing procurement for the changing world of higher education.
See how higher education institutions can use Â鶹´«Ã½ Strategic Sourcing to boost efficiency, scale sourcing events, and improve bid quality while keeping costs in check.
Key use cases.
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Identify sourcing needs¡ªenable procurement teams to partner with stakeholders to establish demand for campus related spend. Use intake request forms to capture essential project details for sourcing fulfillment from stakeholders.
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Sourcing strategy and project prioritization¡ªmanage and prioritize initiatives, drive collaboration, and measure sourcing impact all in one place.
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Sourcing events¡ªexecute sourcing processes for goods and services. Set up and publish RFPs/RFIs/RFQs with sealed bid support, establish bidding activity with suppliers at scale, and determine the optimal award scenario.
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Reverse auctions¡ªmanage pricing for goods or services with reverse auctions, enabling suppliers to compete for bids in real time.
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Supplier negotiations¡ªanalyze side-by-side comparisons of supplier bids and calculate savings based on the best possible business outcomes within your supply base. Use actionable data and current market trends to provide real-time feedback to suppliers on how to improve bids.
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Contract management¡ªcentralize contracts in a common repository, gaining full visibility into your entire ecosystem of agreements. Collaborate on contract creation and revisions by seamlessly integrating with Microsoft 365?.
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Supplier onboarding and compliance¡ªmanage onboarding and data collection activities for all downstream transactions. Ensure critical supplier data is kept up-to-date for compliance and assign risk scores based on various attributes.
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Supplier performance¡ªclose the loop on the sourcing process through performance management activities, including quarterly reviews and development plans.
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Savings validation¡ªunderstand exactly where savings are realized and where to expect the next cost avoidance. Attribute savings to specific categories or project owners.
See how we serve higher education institutions.