What if you could help the university save more than $8 million every year and at the same time make your life easier?
As the university looks for ways to increase efficiency and trim its administrative budget, the new supply purchasing site, U Market, provides an easy way for faculty and staff to help out.
Currently, the university has saved more than $8.2 million annually through “strategic sourcing,” adding up to more than $20.6 million in cumulative savings.
“It’s really a matter of maximizing use of our existing internal purchasing systems so we can buy things smarter,” said Tim Bray, director of purchasing services. “We have a huge opportunity to help save the university time and money by simply buying all of our supplies directly through U Market. ”
U Market replaces the previous online university purchasing systems, U Stores and U Mart, and includes a growing number of new suppliers and new items. The university has high hopes that U Market will also reduce the use of purchasing cards, or Pcards, on campus, thereby saving staff a significant amount of time processing these transactions. Some of the benefits include one-stop shopping, responsive customer support, guaranteed contract pricing and faster delivery.
U of M researchers can use U Market to purchase their lab supplies and equipment, including beakers, chemicals, protective clothing and other supplies. In addition to the large lab suppliers like Fisher Scientific and Sigma Aldrich, U Market features specialized suppliers like Rainin, Roche, eBioScience and Integrated DNA Technologies. There are a total of 20 suppliers specifically targeted to researchers and their needs. U Market also has medical, dental and veterinary supplies; A/V equipment, furniture and facilities-related supplies; and many other items.
“I used to look all over for different supplies and ended up spending a lot of extra time and money in the process,” said Rachel Muntean, administrative assistant and receptionist in the Office of the Vice President for Research. “U Market has all of the same products, but they’re all in one place. It’s really so much easier.”
If you haven’t tried U Market yet, check out U Market, or contact your onsite purchasing agent today.