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Supply Chain Overview
Purchasing Services supply chain initiatives strategically impact the institution's
bottom line. The supply chain has an enormous impact on the institution's financial
performance; from internal process efficiencies, to total cost of products and services,
to maximizing strategic business relationships. These opportunities fundamentally
redefine the role and benefits of the supply chain at Penn.
The role of supply chain is characterized by the following:
- Business objectives that are in line with the
Penn Compact
- A top business objective of the
Executive Vice President
- An on-going institutional priority
- A clear and strong mandate to effect transformation and change in the
institution's procure-to-pay practices
- Lead cross functional teams which cross internal boundaries between
School and Centers and central administration
- A key role in identifying competitive opportunities and threats due to
its unique position of interacting with many suppliers from many industries
- Lead the effort to tap the resources and competencies of current and
prospective suppliers
The benefits of supply chain are a competitive advantage for the institution and
can produce outstanding business performance improvements in the following areas:
- Cost Structure
- Organizational Discipline
- Return-on-Investmen
- Risk Management
- Compliance and Governance
- Customer Satisfaction
- Process Efficiencies and Cycle Times
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