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How a Medical University Used Procure Suite to Streamline E-SOURCING AND CUT CYCLE TIMES

Procure Suite helped a leading medical university modernize its procurement operations by replacing slow, manual sourcing with an advanced eSourcing solution. Before using the Procure Suite, the university struggled with paper-based/manual approvals, scattered vendor communications, and lengthy sourcing events that slowed purchasing. Procure Suite’s integrated eSourcing capabilities enabled the university to reduce administrative time, improve engagement, and keep audits ready for compliance.

How a Medical University Used Procure Suite to Streamline E-SOURCING AND CUT CYCLE TIMES
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/ IMPORTANT NUMBERS

Important Results for the University

50%
Reduced Sourcing Cycle Time

Procure Suite digitizes workflows to reduce the duration of sourcing events by more than half. It enables quicker purchasing for crucial academic and research supplies.

60%
Increased Supplier Participation

Procure Suite has a user-friendly portal for both existing and new suppliers. It assists them in joining sourcing events more actively to increase competition.

100%
Improved Transparency and Compliance

As a centralized platform, Procure Suite can capture all sourcing records to ensure audit readiness and improve transparency for compliance.

50%
Reduced Sourcing Cycle Time

Procure Suite digitizes workflows to reduce the duration of sourcing events by more than half. It enables quicker purchasing for crucial academic and research supplies.

60%
Increased Supplier Participation

Procure Suite has a user-friendly portal for both existing and new suppliers. It assists them in joining sourcing events more actively to increase competition.

100%
Improved Transparency and Compliance

As a centralized platform, Procure Suite can capture all sourcing records to ensure audit readiness and improve transparency for compliance.

/ THE CHALLENGE

Client Profile and the Challenge

The Customer

The client is a renowned medical university with comprehensive academic programs, extensive research portfolios, and complex purchasing requirements across departments like research labs and clinical services.

The Business Requirement

The university needed to modernize a fragmented and largely manual sourcing process that relied on paper forms, email threads, and spreadsheets.

The Procurement Challenge

The university’s procurement department faced several challenges. They include

The Customer

The client is a renowned medical university with comprehensive academic programs, extensive research portfolios, and complex purchasing requirements across departments like research labs and clinical services.

The Business Requirement

The university needed to modernize a fragmented and largely manual sourcing process that relied on paper forms, email threads, and spreadsheets.

The Procurement Challenge

The university’s procurement department faced several challenges. They include

/ IMPACT OVERVIEW

Impact on Core Modules

Manual Approvals

Requisition approvals were paper-based, resulting in lengthy wait times and the loss of documents.

Scattered Communication

Negotiations and clarifications with suppliers happened over email and phone, making it difficult to track responses and compare quotes.

Lack of Structured Events

It was cumbersome and inconsistent to organize competitive bidding or nurture supplier engagement without any advanced tools.

/ THE SOLUTION

The Solution: Procure Suite Implementation

The university implemented Procure Suite to leverage a cloud-based eSourcing solution for the digitization and standardization of sourcing workflows.

E-Sourcing Module- Digitalizing Sourcing Events and Increasing Supplier Engagement

Procure Suite has an in-built eProcurement functionality with a centralized auditing feature to streamline sourcing events and increase supplier engagement.

Area:
E-Sourcing Event Execution

The Action

The E-Sourcing module of Procure Suite can centralize all sourcing activities on a single platform. Procurement teams can launch events, share documents, and collect bids in a structured workflow.

Procure Suite delivered a user-friendly interface with automated notifications and structured bid forms with real-time event updates.

Procure Suite recorded every sourcing event and supplier interaction within the system.

The Impact
50%
Reduced Sourcing Cycle Time

Visible drop in sourcing cycle times. Events that once took weeks were completed in days.

Supplier participation and engagement increased significantly with improved transparency and ease of use. It leads to more competitive bids.

Procurement teams achieved audit-ready compliance, responding to audit requests quickly.

Area:
E-Sourcing Event Execution

The Action

The E-Sourcing module of Procure Suite can centralize all sourcing activities on a single platform. Procurement teams can launch events, share documents, and collect bids in a structured workflow.

The Impact
50%
Reduced Sourcing Cycle Time

Visible drop in sourcing cycle times. Events that once took weeks were completed in days.

Area:
Supplier Engagement

The Action

Procure Suite delivered a user-friendly interface with automated notifications and structured bid forms with real-time event updates.

The Impact

Supplier participation and engagement increased significantly with improved transparency and ease of use. It leads to more competitive bids.

Area:
Audit & Compliance Management

The Action

Procure Suite recorded every sourcing event and supplier interaction within the system.

The Impact

Procurement teams achieved audit-ready compliance, responding to audit requests quickly.

/ PROCESS TRANSFORMATION

The Shift: From Manual Procurement to Digital E-Sourcing

Procure Suite brought a paradigm shift in the medical university from manual to digital eSourcing. It had a significant impact on sourcing and procurement processes.

pattern
/ THE RESULT

Outcome: Turning Procurement into a Strategic, Transparent Function

This case study shows the scope of eSourcing automation in improving efficiency, compliance, and supplier engagement. Procure Suite, as a robust eSourcing solution, assisted the medical university to achieve-

Quicker Sourcing Cycles

By enabling quicker purchasing for academic and research requirements.

Improved Compliance

By digitizing the process and making it audit-ready.

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Procure Suite empowered the university to reduce administrative workload, standardize sourcing practices, and engage more suppliers. Procure Suite makes the process highly structured.

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