Consolidating purchasing and accounts payable, as the University of Delaware has done, is another way to realize savings. The cards have pre-assigned spending limits and there's no need for requisitions or check requests. Y.) took a different approach to furnishing its new Science Center Building project with its bidding process.
Today's budgets, of course, tend to leave little to no wiggle room.
With that in mind, the editorial team at University Business has culled (from the magazine's recent archives as well as from conversations with institutional and industry leaders) 101 successful ways that colleges and universities have found to earn-and avoid burning-money. At the University of Pennsylvania, a retooled purchasing department with a Business Enterprise Network and an upgraded Sci Quest e Procurement system saved $72.2 million in its first eight years.
Which of these ideas could your institution implement tomorrow, next semester, or next year to do the same? Maryville University (Mo.) created purchasing consistency by contracting with Fed Ex Kinkos for ordering stationery products.
The three-year agreement will save more than $100,000-and help ensure a clear, concise, and consistent visual identity. Drexel University (Pa.) reined in out-of-control purchase costs by using purchasing cards from JPMorgan Chase (
I hope you guys aren’t getting tired of all this Pokemon news because here’s some more for you.
Whether you hate the character customization options or not, it does create an easier opportunity to establish Pokemon Go trainer outfits.Digging out new revenue streams and discovering "Why didn't we think of this before?" ways to save can make all the difference as higher education leaders work to ensure they can keep investing in their core business of educating students.Additional savings came from being able to reduce temporary staff help during peak times. Gone are the days of paper course registration, and of printing schedules and grades. The solution was quickly and cost-effectively expanded across various host applications and leveraged to meet a number of departmental needs. What makes costs grow exponentially, however, is the number of wasteful or nonacademic print jobs-from photos of pop stars and friends to entire books-that should never be printed or could be copied more economically. C.) turned to Print Manager Plus, printer control software that tracks, quotas, and reports print usage and costs across the school network.This helps offset the cost of offering credit card payment options. Students got a per semester printing allowance, after which they paid out of pocket for further printing. Maryville College (Tenn.) saves money on its professional development program by tapping its internal expertise. Although Saint Mary's College (Ind.) officials had sought new bids for several years with limited success, last year they used a broker.The result was an annual savings of about 50 percent. Thirty-one workshops are offered, led mostly by Maryville staff members, with tracks on Customer Service, HR/Community Building, Computer Skills, Safety, Supervisory, Wellness, and Personal Development. The company's goal is to keep jobs in the United States while giving students some real-world work experience and preventing brain-drain in rural areas. White, founder and president, started the company in her hometown of Jonesboro, Ark., also home to Arkansas State University. Three carriers, including the school's current one, got involved in a pricing battle for the business. Bank of America (formerly MBNA) and Chase both offer school-branded cards to alumni.