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or call us at 877.710.0413.Consolidated Buying
Consolidated buying solution
University systems, state governments and other multi-institution systems can realize significant savings and efficiencies by consolidating their procurement resources. Yet these buying groups, also known as consortiums, are often challenged by lack of visibility into contracts negotiated by member organizations, how to easily make them available across the organization, and a unified procurement environment to truly capitalize on their collective buyer power.
How do consortium members get visibility into which contract has the best pricing? Which has the best terms? How should they combine contracts to result in the best purchasing decisions for the entire consortium?
SciQuest solution: Contract Manager
SciQuest's consolidated buying solution strengthens an organization's source-to-settle eprocurement strategy. Contract Manager automatically integrates supplier contracts with the purchasing experience. A centralized repository makes it easy to store, search and view contracts.
Member organizations can maintain autonomy through individual pricing and contracts. Contract Manager allows parent (consortium) and child (member) level contracts to be shared across the consortium. It also allows child contracts to be uniquely created from parent contracts.
Through tight integration with SciQuest's eprocurement tools, the solution provides seamless tracking, reporting and analysis capabilities. With greater visibility into what is being purchased across the consortium, your group can leverage collective buying power by sharing contracts across the consortium. The overall result: time savings, negotiating power and greater ROI.
The SciQuest consolidated buying solution is ideal where:
- Consortiums seek to leverage group buying discounts.
- There are multiple contracts to choose from.
- Member organizations want to maintain procurement autonomy.
- There is a strong organizational desire to leverage buying power.