Imperial College Streamlines Purchasing and Improves Efficiency With e-Auction-Based Sourcing

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Executive Summary

Imperial College wanted to maintain and improve the college's position as a leading academic institution with the help of very careful spending and realize greater savings and efficiencies across all categories of supply by driving value through the full supply chain. The challenge was to increase transparency and attain a complete audit trail of all sourcing events and intensify competition among suppliers. Imperial College used Oracle Sourcing to source 5% to 6% of a US$365 million purchasing budget and have plans to increase that percentage over time and sourced key commodities, such as utilities, office supplies, laboratory supplies, computer peripherals, and hardware by e-auction and aim to extend this to other areas, such as facilities management and construction services over time.

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