Colleges and Universities Pool Resources to Curb Costs
To maximize resources higher education institutions are finding benefits of sharing services and space with other institutions. This model is being used to help reduce the rising costs of doing business by leveraging purchasing power as a larger group to increase productivity while reducing costs.
Check out the article below from diverseeducation.com that describes how institutions are working together and the benefits of this process. After reading the article, give us a call at SpendBridge to discuss how we can partner with your higher education facility to implement the best supply chain management process that will maximize your resources and productivity while reducing costs.
Source: diverseeducation.com | Re-Post SpendBridge 11/13/2017
ATLANTA — A business major at Clark Atlanta University, Delaina Mims said she spends at least eight hours a day at the Robert W. Woodruff Library.
“It’s a good space and it’s better than being by yourself,” said Mims, who had just met up with three of her friends near the library’s outdoor promenade, which students call “Club Woody” because at night students sometimes play music there.
Three of the four belong to the Atlanta University Consortium, a nearly 90-year-old alliance under which these neighboring colleges and universities plus the Morehouse School of Medicine jointly offer services and space. It’s a model other schools are increasingly considering, to help reduce the rising costs of doing business by leveraging purchasing power and collectively operating everything from shuttle buses to security and from course offerings to classroom space.
“Working together, we can raise productivity and lower out-of-pocket expenses,” said Dr. Ronald A. Johnson, Clark Atlanta’s president.
Efforts to build alliances like this are especially growing among smaller private colleges that are heavily dependent on tuition and whose revenues and enrollment have stalled.