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Cost Saving Initiatives

August 7, 2019

Procurement and Payment Services has started to implement several initiatives with the endorsement of the Senior Vice President for Business and Finance that will utilize University-wide spend to save departments and schools money.  The initiatives are considered supply chain best practices, and have been set forth in an effort to strategically utilize total University spend to save departments and schools money. The identified procurement cost saving initiatives are as follows:

It is important to remember that departments and schools should always utilize Preferred Vendors and the iBuyNU Marketplace whenever possible.

To learn more about cost-saving strategies and ideas for your unit or department, reference our Cost Containment Strategies & Ideas article. If you have questions or comments about the procurement cost containment initiatives, please contact Procurement at or 847.491.8120

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