Higher Education/Public Sector
Higher Education
The Higher Education landscape is continuously evolving, resulting in one of the most multifaceted and complex industries on earth. Some of the complexities within this space include: an ever-changing mix of public vs. private and profit vs. not-for profit institutions, growth in online and classroom instruction, varying research and teaching missions, public and private sources of funding, endowment management strategies and capital campaigns, and constrained operating budgets. In addition, declining and increasingly unreliable income from state budgets, continuously rising costs of instruction and institutional operations, limits on tuition and fee hikes, ever-increasing demands from students, parents, professors, administrators, staff, unions, and evolving state and federal regulations guarantee that higher education changes vastly from one year to the next--and that each institution, while sharing many similarities with its peers, is wholly unique in many respects. AArete professionals possess decades of experience in successfully assisting the business of higher education better achieve their missions. Our experts understand how to adeptly navigate these complex environments to help colleges and universities maximize their limited financial and organizational resources with both hard-dollar, non-salary cost savings and proven approaches to enhance revenues.
Our Expertise: Public & Private Institutions
AArete professionals have recently re-designed the entire campus procurement activity at the US News and World Report’s leading public university, re-structured the supply chain operations of a leading university and academic medical center, re-negotiated key supplier contracts for a leading west coast private university facing a historical decline in the value of its endowment, and conducted a system-wide purchased spend analysis for the largest university system in the world, analyzing, categorizing and database cataloging over $7.5 billion in supplier expenditures across 10 universities, five academic medical centers, three national laboratories, and the system headquarters. AArete can assist your institution in a variety of ways, working behind the scenes and supporting your people, so that we transfer our knowledge effectively and make your institution stronger in the process. A representative sample of our Higher Education services includes:
- Non-Labor G&A Cost Reduction through Strategic Sourcing
- Spend Data Analytics in support of Procurement and Sourcing teams
- Supplier Contract Evaluation
- Competitor/Industry Performance Benchmarking
- Procurement Assessment
- Procurement Transformation
- Process Evaluation and Improvement for Key Administrative & Operational Functions
- Group Procurement Organization Evaluations
- Resource Optimization and Revenue Enhancement Program