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Supply Chain
Purchasing Services is committed to providing an efficient and effective supply chain
in order to increase administrative efficiency and operational performance - all for
the express purpose of providing the highest standard of customer service and support,
leveraging the supply chain at least total cost, and increase the value of every dollar
of funding.
Supply chain strategies enables Purchasing Services to leverage
the institution's buying power, rationalize its supplier base, manage supplier
performance, and make more effective strategic sourcing decisions. Using these
strategies, Purchasing Services can consolidate and prioritize strategic supplier
alliances and align procurement strategies with institutional goals and objectives.
Supply chain strategies deliver supplier intelligence through spends analytics to
leverage all aspects of supplier data and purchasing history, thereby optimizing
strategic sourcing and achieving significant cost savings.
At Penn, the cost of construction, equipment, supplies and services required to
support the institution's education and research mission can represent up to 23 percent
of the University's annual operating budget. Process efficiencies,
institutional compliance, and documented cost savings achieved as a result of innovative
supply chain strategies strategically impact the institution's bottom line and can be
used to support other critical investments. Our commitment to administrative excellence
and cost effective purchasing at every level of the supply chain fulfills a primary
directive of our Mission: "to steward the resources
entrusted to us".
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