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Strategic Plan
The Purchasing Services Strategic Plan, updated every two years,
supports the following business objectives:
- Provide best quality, best service, and best value through best practices
- Deliver user friendly and efficient buying methods
- Leverage the institution's buying power and position in the marketplace
- Support the principals of socially responsible purchasing
- Strive for best-in-class recognition in supply management
The goal of our Strategic Plan is to
achieve the following by the end of FY2010:
- Annual department financial Return-in-Investment (ROI) ratio of 20:1
- $50 Million in new documented cost savings during the four year period
- 80% of annual purchase order spend processed through "managed
supplier" relationships
- Annual purchase order spend with preferred contract suppliers of $300 Million
- Annual purchase order spend with local community ($120 Million) and diversity
($80 Million) suppliers
- A Penn Marketplace supplier utilization rate of 75% of all annual purchase
order transactions
Procure-to-pay (P2P) performance metrics
are utilized to measure results achieved and financial
return-on-investment(ROI) is delivered to the institution.
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