Tighter Control of Procurement for Higher Ed Finance Leaders

Transform Procurement into a Strategic Financial Engine for Higher Education

Universities and colleges are navigating escalating financial pressure, decentralized spending, and growing expectations for accountability. Procurement is becoming a strategic lever for CFOs – providing the visibility and control needed to optimize total value, reduce risk, and support institutional priorities like sustainability and community impact.

Key Insights

• 70% of American R1 universities trust JAGGAER to support their procurement processes.

• Higher ed CFOs are shifting focus from unit price to total value for money, including service quality, lifecycle cost, and supplier performance.

• Centralized or federated spend analytics help identify redundancies, maverick spend, and missed savings opportunities.

• Supplier diversification ratios, risk-adjusted savings, and performance dashboards strengthen institutional resilience.

• Higher ed procurement requires agile, compliant intake workflows and specialized support for research-driven purchases and inventory.

See how leading universities are modernizing procurement to reduce costs, mitigate risk, and support long-term financial sustainability.