Agenda Item Background
| To: | Board of Regents Finance Committee | Date: April 23, 2015 |
|---|---|---|
| From: | Mr. Mikeal Pinkard, Interim Vice President for Finance and Facilities | |
| Subject: | Supply Chain Summary | |
| Reason for Consideration: | Informational Item | Enclosures: Yes |
Included are data which represent a picture of who we do business with, how much we spend with them, and the commodities we have bought on a repetitive basis for the last four (4) years. The intent of this information is to point out the need for more structured and aggressive supply chain approaches.
The summary represents payments made to vendors for fiscal years 2012-2015 and includes those vendors where more than one (1) payment was issued and excludes payments to students and employees.
During years 2012-2015, 461 vendors were identified as providing continuous goods/services to the University. Payments to these vendors are outlined below:
| Fiscal Year | Spend |
|---|---|
| 2012 | $14,601,612.63 |
| 2013 | $14,285,371.71 |
| 2014 | $13,422,338.57 |
| 2015 | $9,550,310.56 |
Upon review of repetitive purchases, there are definite opportunities to achieve cost-savings based on commodities that are purchased on a consistent basis.
Informational Item
| Initiator: | Mr. Mikeal Pinkard, Interim Vice President for Finance and Facilities |
|---|---|
| Board Action Date: | April 23, 2015 |
| Effective Date: | April 23, 2015 |
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