29.2 F
Indianapolis
Monday, January 18, 2021

Ivy Tech Community College consolidates contracts to save 30 percent on furniture purchases

More by this author

Ivy Tech Community College consolidates contracts to save 30 percent on furniture purchases

INDIANAPOLIS – Ivy Tech Community College has entered into multi-year agreements with ten furniture suppliers, including five minority- or woman-owned business enterprises (MWBEs), in...

Ivy Tech Community College to provide Sprint discounts to students, employees

INDIANAPOLIS — Ivy Tech Community College has entered into a partnership to provide Sprint wireless equipment and service discounts to students, staff and faculty...

Ivy Tech Community College once again tops list of fastest growing colleges in the nation

INDIANAPOLIS – The Indianapolis Campus of Ivy Tech Community College is once again listed as one of the fastest growing community college campuses in...

INDIANAPOLIS – Ivy Tech Community College has entered into multi-year agreements with ten furniture suppliers, including five minority- or woman-owned business enterprises (MWBEs), in order to save money through standardization and purchase consolidation.

The new statewide agreements will allow the college to divert money saved on consolidated furniture purchases to the hiring of faculty and staff, as well as other strategic initiatives which help ensure student success.

As part of the agreements, the college has contracted with the following companies: Binford Group, Commercial Office Environments, Continental Office Environments, d2p, Jack Laurie, Office Works, RJE Business Interiors, TLS by Design, Virco, and Business Furniture. Nine of the ten suppliers are Indiana dealers or manufacturers.

A team including representatives from eight of the college’s regions determined that these suppliers best met evaluation criteria and offered the lowest cost for furniture and related services that will meet the college’s specifications.

“Overall, this initiative could provide savings of more than 30 percent on purchases, as well as $1.5 million in savings for current major project demand compared to previous costs. Suppliers benefit greatly as well because of our long term commitment and because, as a general rule, each has the exclusive right to sell a particular category of furniture items,” said James Hudson, Chief Procurement Officer for Ivy Tech.

Ivy Tech’s total savings and revenue enhancement initiatives implemented over the last three fiscal years has resulted in $24 million in total annual savings and $14.2 million in total one time savings to the college. These savings greatly exceeds the College’s goal of saving $10 million by 2010, a goal that was set in 2007.

Standardization and purchase consolidation efforts continue to develop as part of the College’s Accelerating Greatness strategic planning efforts which will result in the College seeking to hire additional faculty and staff to assist in ensuring the success of its students.

Ivy Tech Community College is the state’s largest public post-secondary institution and the nation’s largest singly-accredited statewide community college system with more than 150,000 students enrolled annually. Ivy Tech has campuses throughout Indiana. It serves as the state’s engine of workforce development, offering affordable degree programs and training that are aligned with the needs of its community along with courses and programs that transfer to other colleges and universities in Indiana. It is accredited by the Higher Learning Commission and a member of the North Central Association.

- Advertisement -

Upcoming Online Townhalls

- Advertisement -

Subscribe to our newsletter

To be updated with all the latest local news.

Stay connected

16,331FansLike
3,142FollowersFollow
5,989FollowersFollow
14SubscribersSubscribe

Related articles

Popular articles

It’s on you, white America

The insurrection at the Capitol is as American as apple pie. I know many in white America have a...

Our Future is Powerful Voices

This program is closing the opportunity gap for black and brown students. Find out how you can participate.

Amid the pandemic, more Black families on the brink of homelessness

Three times a week, an Uber ride on Indianapolis’ east side helps to save the life of bright-eyed, 11-year-old Jay’Shawn Roberson.

Too many are dying

Black Indianapolis has to rediscover a culture of life. Last year we lost 158 Black people to criminal homicides...

Ethics and professionalism in the workplace

If you look up the word ethics in the dictionary, you’ll find this definition: “rules of behavior based on ideas about what is morally...
Español + Translate »
Skip to content