Global Cost Management and Business Strategy Consultancy Services

The vendor is required to provide global cost management and business strategy consultancy services for include:
a. Cost management and optimization
•    Comprehensive spend analysis across university departments
•    Development of category sourcing strategies (e.g., it, facilities, office supplies, travel)
•    Identification of cost savings and cost avoidance opportunities
•    Assistance with contract consolidation and vendor rationalization
•    Bench marking against peer institutions and industry standards
•    Implementation support for priority sourcing initiatives
b. Business strategy development
•    Perform market and competitive analyses to inform strategic planning.
•    Facilitate strategic planning sessions with university leadership.
•    Develop clear, actionable strategic roadmaps with timelines and milestones.
c. Implementation support
•    Assist in developing and executing change management plans.
•    Provide training sessions or workshops on cost management practices.
•    Support the rollout of new processes, policies, or systems related to cost optimization.
•    Monitor progress against agreed-upon performance metrics and adjust plans as necessary.
d. Spend visibility and data analytics
•    Perform a comprehensive spend analysis across all university departments, vendors, and commodity categories.
•    Collect, cleanse, and categorize expenditure data to ensure accuracy and consistency.
•    Develop detailed reports and dashboards to provide visibility into spend by vendor, department, and commodity.
•    Identify patterns, trends, and anomalies in spending data to inform strategic sourcing decisions.
•    Analyze vendor spend to identify opportunities for vendor consolidation, strategic sourcing, and improved negotiation leverage.
•    Provide recommendations for sourcing strategies, including areas for cost savings and process efficiencies.
•    Support the client in implementing spend analytics tools or systems as required.
•    Deliver training and documentation to enable client personnel to maintain and utilize spend analytics capabilities on an ongoing basis.

- Contract Period/Term: 3 years
- Questions/Inquires Deadline: August 21, 2025