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Cost Containment Working Group

Operations Alignment Task Force

Scope

Use data collected from the different ERP financial systems (State & RF) to review spend by supplier and category. The data will be combined for similar purchases and services between East and West campus to identify synergies and contracts that will be expiring in the near future. Opportunities will investigated and validated for cost-savings and shared sourcing and service opportunities between East/West campus, HSC, SBM, SBF and FSA.

Objective

The objective is to realize 5-10% savings across addressable spend of approximately $100M, over multiple years.

Estimated Timeline

Will begin analyzing spend data with the working group January 2021. Initial pipeline of opportunities: end of February 2021.

Leadership

Working Group Co-Chairs:   Steve Weisman, William Herrmann**

 
 **denotes member of SBI taskforce