The capture of indirect expenditures has become the renewed focus of numerous businesses, and most importantly, our nation’s higher educational system. According to the National Assessment of Educational Progress (NAEP), total per student costs in 2006 were $10,400, but instructional expenditures accounted for only half that amount.
With only fifty cents of each educational dollar being spent for academic purposes, the educational community is looking to recapture indirect expenditures that won’t impact educational or academic quality. Most schools find much of their expenses outside of instruction are spent on operations/office supply, building maintenance, telecommunications and information technology solutions.
REACH’s higher-education, cost-management program is tailored to the needs of higher education institutions and is sensitive to their unique needs. We specialize in partnering with on-site Procurement Managers and their teams to set clear objectives, look internally and to suppliers for hidden cost margins and then return indirect expenditure dollars to fulfilling the institution’s educational mission.
REACH’s work for clients focuses on reviewing indirect expenditures and recommending ways to return dollars to the bottom line by applying business processes and management principles to the procurement process. The result for our clients is a streamlined, transparent, improved procurement process with costs that are in line with or an improvement upon industry norms.
REACH Consulting Group, LLC.
Two Ravinia, Suite 500
Atlanta, GA 30346
678.855.7009
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