Sourcing
The Strategic Sourcing team is a category aligned function. Our Category Management approach extends beyond the simple purchasing of goods/services, it guides the University toward enhanced Supplier Relationship development, advanced negotiations, strategy development, and increased benefits to the University.
Service
- Greater efficiency in approach to Sourcing & service for Stakeholders
- Standardizing and implementing a category specific best-in-class approach to contracting
- Proactive Stakeholder support through future goal/project alignment, long-term budget planning support
Industry Knowledge
- Deep understanding and SME level industry knowledge for category and market trends
- Greater awareness of innovative products/service that could better serve Yale
Supplier Management & Risk Management
- Strategic supplier relationships improving opportunities for shared value creation
- Proactive recruitment and vetting of new, innovative suppliers
- Identification and mitigation of potential supply chain risks
- Scored supplier performance, supplier issue resolution
Negotiation
- Better leveraging economies of scale
- Better insights into University spending and forecasts
- Addressing variability within supply base and contracts across departments