Colleges and universities constantly need to procure various items to support academic, research, and public service programs. They also purchase goods and services that support a variety of day-to-day operations, including maintenance, student housing, food services, and bookstore operations. With so many moving parts, it’s important to make sure that your educational institution is utilizing cost-effective and efficient procurement.
At Source1 Purchasing, we have access to the largest portfolio of programs and value to maximize your brand experience goals through purchasing. With 22 years of experience and $7 billion in purchasing power, we are your purchasing solution. Contact us today to obtain your free supply-chain analysis.
1. Review You Current Procurement Process
The first step toward truly improving your procurement process is to analyze the current system for any inefficiencies so that you know what needs to be eliminated. Without taking the time to evaluate your process, it would be nearly impossible to identify any disorganization or wastefulness.
When you work with Source1 Purchasing, you can take advantage of a dedicated client success manager who will provide the specific support that you need for your program. Our supply-chain resources and expertise will be at your disposal, along with our technology-based community to drive results, performance, and insights.
2. Utilize Automated Workflows
One of the biggest wastes of time for your procurement department is the need to complete repetitive and mundane tasks. You can save time, money, and everyone’s sanity when you take advantage of automating this particular aspect of the daily workflow. Source1 Purchasing gives you the power to automate your institution with our online ordering platform, BirchStreet. Using this powerful tool, you’ll be able to connect with suppliers, access online catalogs, control products, access reports on all spend and purchasing behaviors, and more.
3. Drive Bottom-Line Savings
You need to find the areas in your procurement process where you can eliminate waste so that you can drive bottom-line savings. To do this, it’s important to make sure that you are accessing the data, analytics, and business intelligence that will provide accurate and comprehensive reports. We make this solution easy with our premium business intelligence and data platform — Data 360. Source1 Purchasing provides our clients with both spend management and category and product management so that your procurement process becomes more streamlined, which will help to drive savings and reduce stress. Additionally, you can rest assured that your institution and site will improve quality compliance with our optimization and performance dashboards.
4. Increase Purchasing Power
One of the keys to truly optimizing your purchasing solutions is to increase your purchasing power. You can do this through access to our team of procurement experts who work to maximize your value through the purchasing power of Source1 Purchasing. With more than $9.5 billion in purchasing power and contractual relationships with more than 1,000 suppliers, we can truly enhance your supply chain by increasing your purchasing power and helping you control your expenses.
5. Access Top Quality Brands, Products, and Services
Your educational institution needs a wide variety of products to offer the best services and experiences to your students. From food services and student housing to lab equipment and more, it’s important that you are able to access the top quality brands, products, and services to meet these needs while maintaining your budget. Source1 Purchasing is proud to offer access to the largest portfolio of programs and value to maximize your brand experience goals through purchasing. We start by providing a free supply chain analysis to identify what’s working and where there is room for improvement. We work with you to provide the access, visibility, and control that you need to maintain your brand standards.
6. Enhance Quality
The vendors that you use determine the quality of products and services that you receive. At Source1 Purchasing, we provide an analysis of your current purchasing and spending activity to help you pinpoint which vendors provide the best quality and pricing. Once that has been determined, you will be in a much better position to decide which vendors will be awarded contracts. Partnering with our global supply chain company truly gives you the opportunity to control your expenses and maximize value through purchasing.
Finding the right purchasing solution for your institution can be challenging, but it doesn’t have to be. Contact Source1 Purchasing today to start your free supply-chain analysis, and learn how we can help you increase the quality of your products and services while maintaining your budget.