Penn Procurement Services

Happy Climate Week 2024! #ClimateWeekatPenn https://lnkd.in/egFrM9Wf

Celebrating the 40th Annual Philadelphia MED Week! Penn Procurement Services and Bank of America had the pleasure of hosting diverse businesses, corporate partners, and friends from across the region at our event, “The State of Supplier Diversity.” The true impact of the event came from our panel of experts who shared invaluable insights on navigating barriers, avoiding common mistakes, building effective relationships, and increasing business value. A huge thank you to our panelists Vernice Lewis, Natily Santos, MBA, Marcia Wallace, MS, CDP, and James Campbell, and the best moderator we could ask for, David N. Braxton. Thanks to all who attended. Remember to stay connected and engaged. We’ll all go farther together! Great job Vincent G. and Radiance Bucknor, JD, MBA #MEDWeek #TheStateofSupplierDiversity

Since 1984, Philadelphia's Minority Enterprise Development (MED) Week has been celebrating and supporting minority enterprises in the region. This year marks the 40th anniversary of this significant event! The theme for MED Week 2024 is “Investing in the Future: 40 Years of Helping Minority Businesses Lead the Way.” Join Penn Procurement Services and Bank of America for our MED Week event, “The State of Supplier Diversity.” This event will feature a panel of experts from various industries discussing the current landscape and future of supplier diversity. For registration and more details, click the link below. #MEDWeekPHL

First day of classes and the bustle is back! This last week has been a blast as the Procurement Services team has had fun volunteering during move-in; meeting with student groups to discuss procurement at Penn (surely the students' favorite session!); and doing all those things we do to support our colleagues across the University as we all start a new academic year. Welcome class of 2028 and let's all make it a great year! #upenn

Last week we teamed up with our friends from Penn Global Support Services to host the 2024 Penn Travel Symposium. Centered around the themes “Travel Smart, Travel Green, Travel Well” the event brought together industry experts and featured insightful presentations, engaging panel discussions, and robust networking opportunities. We extend our gratitude to our speakers, exhibitors, and sponsors, who made it such a robust program. We also thank the attendees for making it such an engaging day. Kudos to the planning team chaired by Kathryn Homa and Artemis Koch, CPA, MT, ML, and joined by Sarah B., Erica Sebastian, SHRM-SCP, and Erin Walsh. Their efforts made the day a smashing success! #studenttravel #businesstravel #globaltravel #sustainabletravel #wellness

What a way to kick off Black Business Month! It was great to celebrate our longstanding Penn supplier EMSCO Scientific Enterprise, Inc. on becoming the first portfolio company in The Enterprise Center’s Innovate Capital Growth Fund. As a recipient, EMSCO receives an equity investment to continue their work providing laboratory supplies to researchers across the nation. Congratulations to Lin Thomas and team, your hard work and commitment to excellence over the years has been a benefit to the Penn community! We look forward to seeing how this investment propels the company forward!

Before we let July pass, it’s worth reflecting on some big numbers from FY 2024. It certainly was a busy year for procurement at the University of Pennsylvania as evidenced by just a few high-level numbers to demonstrate impact and volumes.. - Over $37 million in total sourcing value-add in the form of cost savings and incremental revenue generation - Over 200,000 invoices processed via end-to-end electronic automation - Over 78,000 payments made electronically - Over 66 million air travel miles supported - Over 5,500 procurement contracts negotiated and executed - Over $180 million in spend with diverse suppliers - Over $800 million in local spend (within a 25-mile radius of Penn’s campus), including nearly $500 million in spend within the City of Philadelphia and over $180 million in spend with businesses in West and Southwest Philadelphia Big thanks to the Penn buying community, as well as our suppliers and service providers, for the ongoing collaboration on making smart procurement happen! #pennprocurement #collaboration #sourcingimpact #automation #inclusivebusiness #fuelingbusinessgrowth

Another great opportunity! This newly created position will work closely with the central procurement team and University administration to advance operational effectiveness, ensure compliance, and work with University leadership to assess and reshape the procurement model at Penn. https://lnkd.in/eyC9nrcC

Great opportunity! We've created a new position solely focused on leading procurement contracting. This director will build from a great foundation and help reshape contracting at Penn. Learn more here: https://lnkd.in/eZV7jRkK

Great opportunity! We're looking for a dynamic leader to work with our talented strategic sourcing team to grow the team's reach and impact across the University. Learn more here: https://lnkd.in/eECFkejk