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Local Community Business
Launched in 1998 and supported by Purchasing Services and its
supply management business partners, the Local Community Business
initiative is designed to identify and recruit qualified
West and Southwest Philadelphia
based suppliers for meaningful and mutually beneficial
business relationship with Penn that add value to our
institution and help us achieve our research, education and business objectives.
These local community business opportunities could be on a direct supplier basis or
in strategic partnerships with major regional and national firms, including participation
in the Penn Marketplace, Penn's private online supplier
exchange.
Purchasing Services utilizes this initiative to identify local community based businesses
that offer the products and services required by the University. Purchasing Services
has been instrumental in developing opportunities for local community businesses to forge
partnerships with major national firms such as Fisher Scientific, IKON Office Solutions
and Office Depot. Faculty and staff are required to support
local community suppliers
when purchasing required products and services and can easily access a comprehensive
list of purchasing approved local community suppliers. In fiscal year 2007 alone,
Penn purchased approximately $85.7 million (approximately 12% of total purchase order
spend) in products and services from local community based suppliers, bringing the
total spend with local community businesses since FY1986 to approximately $757 million.
Purchasing Services has also assisted local community businesses with the development
of eBusiness capabilities for enablement in Penn's industry leading eProcurement program.
The Penn Marketplace provides
participating suppliers with a competitive
advantage and an opportunity to develop a new or enhance an existing business
relationship. Purchasing Services is partnering with
SciQuest Incorporated, Penn's
eProcurement business partner, to provide eBusiness technology skills development
services to qualified local community based businesses.
It is our goal to identify and include qualified local community suppliers when we
purchase the products and services required by Penn faculty and staff. We encourage
local community suppliers who can
meet our business and procurement technology requirements on a competitive basis to
contact us to pursue a new business relationship with the University of Pennsylvania.
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