Davis Educational Foundation Awards $100,000 to CCGS Joint Purchasing Initiative
LONGMEADOW — The Davis Educational Foundation has awarded the CCGS Joint Purchasing Initiative a $100,000 grant to be distributed over two years. This is the third grant by the Davis Educational Foundation to underwrite this collaborative project.
The Joint Purchasing Initiative (JPI) consists of the five private member institutions of the Cooperating Colleges of Greater Springfield (CCGS), including American International College, Bay Path University, Elms College, Springfield College, and Western New England University. The goal of the JPI, which will continue to be administered by Bay Path University, is to identify and implement strategic opportunities for collaboration where shared purchasing and shared services in high-cost and high-impact areas will result in significant institutional cost savings across the JPI’s partner institutions, ultimately containing the cost of higher education for students.
Since its founding in 2017, the efforts of the JPI have resulted in collective cost savings of nearly $900,000, with varying degrees of savings by institution. During this time, the JPI reduced costs by negotiating better deals on contracted services with vendors, such as student transportation for athletics and van leasing, rental-car agreements, contract management, corporate payment systems, IRB software, employee and student background checks, electricity and solar sources of energy, interpretive and captioning services, medical-waste-disposal services, and computer purchases.
“This model of shared services has been very successful for the JPI participating institutions,” said Michael Giampietro, Bay Path’s vice president for Finance & Administrative Services. “It offers us opportunities to reduce costs in a variety of areas, thereby freeing up funds for mission-focused priorities.”
With the funding from the latest grant from the Davis Educational Foundation, the next step in the evolution of the JPI is to explore and develop potential plans for shared services, implement best practices, reduce duplication of efforts, and drive efficiency gains with the expertise already existing within the institutions.