The University of California has a best-in-class purchasing card program, according to a major national bank.
U.S. Bank recognized the university for its purchasing card program, one of a number of significant steps UC has taken to streamline and reduce costs in a number of its business operations as part of a new strategic sourcing initiative.
Strategic sourcing maximizes the purchasing power of large, decentralized organizations, such as the University of California, by consolidating and leveraging common purchases. The primary objective is significant cost reductions without sacrificing quality or service. Strategic sourcing also increases efficiencies in purchasing to allow better monitoring of prices and supplier performance. The university expects to reduce costs of procuring goods and services by millions of dollars.
The University of California operates the Laboratory for the Department of Energy.
To read a UC news release, click here.
