Penn Procurement Services

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

This fiscal year we merged teams into one division, congratulated teammates on well-earned retirements, and are now getting set to begin a transformation to make a great team greater. That includes newly designed roles that will posted in the coming days. Stay tuned here on LinkedIn, and at Careers@Penn for more information on these opportunities! https://lnkd.in/eimWEQs

Since the Supplier Diversity Forum & Expo, we've been inspired by numerous stories of individuals rekindling connections with former business partners, businesses being approached for exciting new opportunities, and a general enthusiasm for intentional inclusion practices. This feedback highlights the impact of our amazing sponsors whose contributions made these connections possible. On behalf of all our attendees, businesses, and friends, the Penn Procurement Services team extends our thanks. #SDFE

Last week, we were happy to host the 2024 Supplier Diversity Forum & Expo. With more than fifty exhibiting organizations and over 500 attendees, this event was a testament to the vibrant diversity within our business community. Guided by the vision of our leadership at the University of Pennsylvania, we will continue to work together to foster an inclusive environment for all businesses that reflect the communities we serve. This work could not be done without the unwavering support of our partners in economic inclusion. We are grateful for our shared commitment to ensuring an equitable environment for all businesses. #SupplierDiversity #Inclusion #SDFE #FuelingBusinessGrowth

Penn's Supplier Diversity Forum & Expo, just 2 days away! Join us for an engaging panel led by our very own Anne Papageorge, delving into the crucial topic of diversity in construction. Panelist include Angelina P., Perryman Construction, Patricia Thomas-LaRoche, Cameron & Associates 8, LLC, and Randy Washington, LSN Contractors & Construction Managers. Together, we'll explore the current landscape of the industry and chart the exciting possibilities for the future. Don't miss out on this insightful panel discussion! https://lnkd.in/esyvXfXU

The Supplier Diversity Forum & Expo is next week! If you haven't registered yet, check out the lineup for just one of the panels we'll have during the event. Register here: Registration Open - 2024 Penn Supplier Diversity Forum and Expo | Penn Procurement Services (upenn.edu) #SDFE #DiverseBusiness #Equity