This is an AArete Higher Education insight
AArete partnered with a major research university on a focused effort to extract value from their third-party vendor relationships. The focus of this effort included strategic cost reduction, innovative best practices, modernization of administrative technologies, improvement of processes and policies, and maximizing any value-add opportunities. The source of this case study envelope Dall third-party relationships and supporting tools/processes for the university.
AArete combined their robust market intelligence with a team of supply market experts and industry consultants to execute on a multi-year roadmap to expand cost savings and improved value for the campus. Combing through this data with a proven approach, AArete was able to use a hands-on methodology to implement the findings.
The university received over 20% in overall savings and $60M in extracted value including:
- Hard-dollar cost savings
- Enhanced partnership opportunities including scholarships, sponsorships, and more
- Industry-leading ESG strategies, including the elimination of single-use plastics
- Modernization of processes and tools to support sustainable outcomes
Learn more about AArete’s Profitability Improvement solutions