University of Colorado Develops Strategic Supplier Partner Program with JAGGAER solutions
RESEARCH TRIANGLE PARK, NC – June 26, 2018 – University of Colorado Associate Vice President and Chief Procurement Officer Sandy Hicks addresses her University’s experiences in developing a strategic supplier partner program as a critical element in eProcurement digital transformation on the current edition of JAGGAER’s InsideSpend webinar and podcast series. The University of Colorado’s Procurement Service Center manages approximately one billion in annual spend for the University’s four schools: Boulder, Colorado Springs, Denver and the Anschutz Medical Campus.
Hicks delineates all the steps necessary for identifying and developing strategic suppliers, and provides an overview of the value these types of relationships bring to an organization. These include how to leverage an eProcurement system to provide maximum visibility and data insights, identifying potential partners in your supplier network, and developing new efficiencies based on bidirectional data sharing with partners.
“JAGGAER’s solution enables us to pull data from many different sources, including our marketplace, our ERP tool, P cards and travel cards, to get a full view of our spend,” says Sandy Hicks. “It’s important to pick the right partners. We look for innovation, potential enterprise wide impact, mutual goals, and suppliers who are willing to innovate by demonstrating that they are tops in their field,” she adds.
“JAGGAER has been working with the University of Colorado and hundreds of other colleges and university campuses for over two decades, helping build optimized supplier networks and the software to support, interact and manage supplier relationships. Kudos to Sandy Hicks and her team for utilizing our solutions to foster innovation, with the development of internal programs like their strategic supplier program. Her experiences will provide valuable lessons for the entire education industry,” says Robert Bonavito, CEO of JAGGAER.
About JAGGAER: Global Indirect and Direct Spend Management Solutions
JAGGAER is the world’s largest independent spend management company, with over 1,850 customers connected to a network of 3.7 million suppliers in 70 countries, served by offices located in North America, Latin America, throughout Europe, the United Kingdom, Australia, Asia, and the Middle East. JAGGAER offers complete SaaS based indirect and direct eProcurement solutions with advanced spend analytics, complex sourcing, supplier management, contract lifecycle management, savings tracking, and intelligent workflow capabilities. We have pioneered spend solutions for over two decades and continue to lead the innovation curve by listening to customers and analyzing the market. Our solutions suites are trusted by the world’s largest education, manufacturing, health care, retail, consumer package goods, logistics, construction, utilities companies and public service organizations. Additionally, JAGGAER holds 38 patents–more than any other spend management company. www.JAGGAER.com.
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