Baseline audit of current spend
We completed an analysis of all lab supply contract pricing and terms, including an audit of current invoices, growth incentives and rebates
Identification of category-based opportunities
We worked closely with the consortium to pair our analysis with
their experience to identify categories that could generate maximum return
Targeted plan for value creation
After identification of the opportunity set, we created an action plan for the client to execute and capture the opportunities
Delivering tangible and intangible value for a consortium
A collection of the most prolific universities in the country formed a consortium to share best practices and improve financial and operational performance. In the current landscape of a competitive cost environment, educational institutions feel heavy pressure to improve their cost structure.
The consortium engaged GoProcure to evaluate its supplier partnership contracts and generate additional value – tangible value via cost savings and intangible value via contract and program management services. Specifically, the consortium asked GoProcure to evaluate its lab supply contracts.