Strategic Planning for Procurement
Heading into his third year as Assistant Vice President
of Procurement Services at the University of Notre Dame,
Tim Gibney now realizes how fortunate he was to have revamped
procurement processes in other settings prior to joining
the world-class Catholic institution. He describes the
project as his "second time to have a 'once-in-a
life-time opportunity' to work with a department
and create it anew". Leading the renovation of Notre
Dame’s procurement processes and building a team
to fast-track e-Procurement, has been for Gibney an opportunity
to again leverage his consulting experience and knowledge
of leading procurement practices to effect change.
The decision to examine and subsequently replace the fragmented
purchasing process with leading purchasing practices and
the e-procurement initiative was spurred by a study conducted
by consulting firm McKinsey & Co. beginning in 2000.
Fr. Timothy Scully, CSC, Executive Vice President of Notre
Dame requested the study to better understand University
purchasing, says Ben Mathews, a McKinsey Engagement Manager
and one of the consulting firm’s primary contacts
with Notre Dame. Scully along with Jim Lyphout, Vice President
for Business Operations, recognized that Notre Dame like
most other universities was facing diminishing returns
on endowments as a result of the economic downturn. Finding
new ways to improve business practices would save money,
ultimately making additional funds available for other
needs.
Click here to read full-text
of the article
.