P2P Wins: Contract Review Savings

Part of responsible procurement stewardship is staying vigilant, spotting anomalies, and being willing to initiate difficult conversations. A recent example occurred when a requisition for a subscription renewal appeared routine. To ensure alignment with the governing agreement, Procurement reviewed the existing contract and identified a pricing discrepancy.

After confirming details internally and raising the issue with the supplier, the supplier revised the quote, resulting in more than $4,300 in savings.

Small savings like this accumulate significantly over time, reinforcing the value Procurement brings by maintaining diligence and safeguarding organizational funds.

What can P2P do for you? Email procurement_services@baylor.edu.