Currently, schools are facing some of the most challenging financial times in recent history. Reductions in funding and cash-flows have resulted in layoffs, both administratively and in the classroom. So – how can expenses be reduced across the district?
Hopkins Public Schools recognized the value of having professional spend management capabilities and realized, with proper due diligence – there were ripe cost savings opportunities. So how did they do this without an unbudgeted hire? In November 2009, they implemented StrategicSource to provide their department heads with best-in-class sourcing support – identifying supplier solutions that reduced indirect expenses both through prices, terms, and process improvements.
Over $400,000 in savings implemented to date and growing, complete dependence on StrategicSource to manage RFQ’s, conduct bids , bid openings, supplier management and much more.