The annual National Association of Educational Procurement conference was held in Pheonix last month. The event focused on the latest news and innovation in the university procurement space. Two of our UCSF experts recounted their ground-breaking tactics in support of university purchasing.

Secure, Swift, Smart: The Benefits of Virtual Credit Cards

Stephanie Shang gave an insightful presentation on the transformative power of virtual credit cards. She revealed how cutting-edge payment solutions are streamlining our accounts payable process, slashing operating costs, and eliminating cumbersome paper-based procedures. Expanding virtual card utilization is creating efficiencies for customers, suppliers, and our staff. More information on our UCSF credit card programs can be found on our website.

Putting Contracts in Their Place

Susan Riddle recapped how the SCM Strategic Procurement team embarked on a transformative project aimed at standardizing local contract storage and management. Utilizing Lean project methodologies, Susan led the project. The initiative has led to a more than 400% increase in local contract entries and has raised UCSF’s spend under contract metric from 25 percent to over 50 percent, significantly enhancing visibility and compliance across UCSF’s procurement activities. Learn more about purchasing and contracts on our website.