This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Wayne State University Selects SciQuest To Enhance Purchasing Processes

SciQuest, Inc., (NASDAQ: SQI) a leading provider of on-demand strategic procurement and supplier management solutions, announced today that Wayne State University (WSU) has selected SciQuest’s solution to gain greater control over individual business transactions and enhance overall strategic purchasing.

WSU, Michigan’s only urban public research university, offers more than 400 academic programs to nearly 32,000 students through 13 schools and colleges. The university’s procurement team, which is responsible for purchasing all goods and services supporting academic and research projects, oversees approximately $190 million in spending annually.

After working with a consulting group to evaluate operating processes in purchasing, administration and facilities management and following an extensive review process, WSU selected SciQuest. WSU wanted a purchasing solution that could manage the entire procure-to-pay process. SciQuest provides an easy-to-use system, which will integrate with WSU’s enterprise resource planning platform, enabling WSU to automate its entire purchasing and procurement processes.

While WSU had succeeded in centralizing its purchasing operations, the university wanted the ability to effectively manage complex spending and gain a deeper understanding of the multiple suppliers in its network. The university’s previous purchasing system included information on more than 40,000 suppliers and was difficult to navigate. SciQuest will enable WSU to provide a more intuitive, user-friendly shopping experience for all users.

“With SciQuest, we can further streamline the purchasing process – making it easier to manage suppliers and approve and process transactions and consolidate purchases with strategic suppliers,” said Ken Doherty, assistant vice president, Procurement & Strategic Sourcing at Wayne State University. “We were impressed with SciQuest’s solution breadth, ease of use and the company’s measurable success at other higher education institutions.”

SciQuest enables colleges, universities and schools of all sizes to automate and manage every aspect of the purchasing process, including sourcing, shopping, requisitioning and accounts payable. With SciQuest, higher education organizations can also create multi-school procurement consortia, increasing purchasing and negotiating power with shared vendors and further reducing purchasing costs.

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,080.14 +21.45 0.12%
S&P 500 2,117.69 +4.76 0.23%
NASDAQ 5,092.0850 +36.0220 0.71%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs