Business View Magazine - Mar 2024

©2024Workday, Inc.All rights reserved.WORKDAYand theWorkday logosare trademarksofWorkday, Inc., registered in theUnitedStates andelsewhere. Thrive through change with the unified cloud platform built to provide actionable insights and streamlined operations. Because in order to lead the way in a changing world, higher education needs to be able to continuously adapt fast. The student, finance, and HR platform that adapts to changes in higher education. innovation. Dubroff highlights the importance of recruiting and retaining talent across the source-to-pay teams as an essential ingredient for success, noting that it’s the team that makes technology and processes work and not the other way around. PROCUREMENT AND SUPPLY CHAIN MANAGEMENT The focal point of USNH’s procurement strategy is optimizing a shared services organization dedicated to serving the diverse needs of the campuses. The centralized approach consolidates resources, expertise, and purchasing power, enabling it to leverage economies of scale and negotiate favorable terms with suppliers. Dubroff emphasizes the importance of a data- first culture and strategy across the procurement organization that combines standard reports, visualizations, Benchmarks/KPIs, and detailed analysis to improve every area of the organization from customer service to change management, as well as more traditional applications such as strategic sourcing. These solutions can be complemented with staff expertise and solutions such as Jupyter Notebook, Python, and various Python Libraries for advanced analysis including natural language processing to gain insights from unstructured data. Aligning procurement efforts across the entire enterprise can simplify processes, cut administrative costs, and get the most value from every dollar spent. Strategic sourcing is crucial to this approach, involving collaborative identification of procurement opportunities, rigorous vendor selection, and ongoing contract management. These initiatives help USNH enhance supplier relationships,manage supply chain risks, and save costs while maintaining quality and service standards. PROCUREMENT TRANSFORMATION USNH has embraced technological innovation as a catalyst for procurement transformation.The adoption of the Jaggaer procurement platform exemplifies the 125 BUSINESS VIEW MAGAZINE VOLUME 11, ISSUE 03 UNIVERSI TY SYSTEM OF NEW HAMPSHIRE