
Mission: eProcurement is an initiative that helps support the goals set forth in the University’s Strategic Plan. By enabling contract vendors in our Show Me Shop environment, we are improving processes and continuing to develop a high-performance organization; which in turn, creates an environment that is conducive to quality education, teaching, and research.
On November 9, 2006, UM officially kicked-off the system-wide implementation
of a new eProcurement system, which is designed to use the power of the
Internet to streamline the procurement process and dramatically reduce
acquisition costs, freeing up millions of dollars for expanding the University's
core missions of teaching, research, public service, and economic development.
By seamlessly integrating SciQuest’s catalog function with a significantly
improved version of our PeopleSoft purchasing module, we will create
a "virtual
marketplace" comprised of a wide range of products from which to
compare and choose. This marketplace will afford end users a "one-stop" shopping
experience with the ability to order from suppliers’ complete on-line
catalogs at pre-negotiated discounted prices. The "Amazon.com" like
ease of process will facilitate end users increased utilization of those
supply sources which provide requisite quality and service at the most
favorable price, thus affording substantial material and administrative
cost savings. In so doing, we expect to realize system-wide annual savings
ranging from a minimum of $5.4M to a potential $17.9M when fully deployed.
It is clear why eProcurement at UM is not just a "Procurement Project" but
in fact is an integral part of university leadership's strategic plan,
and its anticipated success will significantly impact the financial health
of the entire UM System.
Solution, design, and development is expected to take approximately 9 months
after which all campuses will simultaneously conduct a 3-4 department pilot before
rolling the new system out to all users. Recognizing the critical importance
of wide spread user adoption, Advisory Groups have been formed to insure that
each campus has input throughout the solution design, development, and deployment
phases. The names of the Campus Advisory Group Leads and their teams are
listed under the "Key Players" tab above. In late February, the
Campus Advisory Groups hosted demonstrations of the program for their campus
users. Feedback from those sessions is now being reviewed to create the
design specifications for the system.