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Cost Savings Opportunities
Purchasing Services is charged with leveraging the University's buying power through
best-in-class supply chain sourcing and contracting initiatives designed to reduce the cost
of required products and services.
University departments can reap the benefits of our cost containment initiatives and maximize
the value of each dollar of their operating budget by taking advantage of the following:
- Review the Commodity Buying Tips to ensure preferred supplier adoption and utilization for required purchases.
- Utilize the Equipment Maintenance Program to reduce your annul equipment maintenance costs.
- Shop the Penn Marketplace to identify the "least total cost" suppliers for the most commonly order products.
- Visit the Supplier Showcase to product pricing promotions from Penn Marketplace participating suppliers.
- Utilize Preferred Contract Suppliers whenever possible to take advantage of negotiate discount pricing agreements.
- Contact a Purchasing Services Sourcing Manager for
assistance with the competitive bidding process for large dollar purchases. Our innovative
Electronic Sourcing tool can be used to maximize the cost savings potential for your large dollar purchase requirements.
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