Tennessee Board of Regents Modernizes Supplier Management with Focus on Spend Analytics
Improving operational efficiencies and making informed spend decisions
Many of the institutions within the Tennessee Board of Regents’ network were managing their own supplier relationships, which not only led to considerable inefficiencies, but it also meant that on a larger scale, the system was not taking full advantage of its aggregate purchasing power. In short, the board was facing a lack of strategic sourcing. Knowing JAGGAER’s experience with higher education institutions, TBR sought our help in centralizing and automating a previously manual and labor intensive process. By standardizing supplier management processes across schools, TBR has created operational efficiency improvements that free up existing resources and save money.
Read the success story to find out how the Tennessee Board of Regents:
- Strengthened strategic sourcing activities by negotiating better rates for all TBR institutions
- Enabled suppliers to update their own information, thereby allowing TBR staff to focus on more strategic initiatives
- Improved visibility into spend analytics, enabling more informed decisions on spend