Purchasing Card Best Practices For University Procurement

Topics:
Negotiations and Contracts
Tags:
Best Practice,
Card,
Institution,
Management,
Procurement,
Strategy,
University Of Pennsylvania
Source:
University of Pennsylvania

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Overview: According to Hanover Research's paper on Purchasing Practices in Higher Education, institutions are continually seeking ways to better manage purchasing and incorporate more efficient, cost-effective purchasing systems in order to save on both purchases and back-end support costs. Many institutions have found that a standardized, controlled purchasing system based on an institution's purchasing strategy is the best way to eliminate problematic purchasing like rogue spending or vendor partiality. By following the Best Practices and innovative strategies shared by JPMorgan Chase's University customer base, higher-education institutions are better positioned to launch an effective purchasing card program, grow an existing one, accelerate efficiency and further overcome budget challenges.

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Format: PDF | Size: 111KB | Date: Mar 2007 | Pages: 13

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