E-Procurement Solution Offered by CDW-G and SciQuest Streamlines Higher Education Purchasing.Partnership Also Increases Technology Return on Investment VERNON HILLS, Ill. & RESEARCH TRIANGLE, N.C. -- CDW CDW - data warehouse Government, Inc. (CDW-G CDW-G CDW - Government (formerly Computer Discount Warehouse - Government) ), a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of CDW Corporation (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : CDWC CDWC Computer Discount Warehouse (stock symbol) ) and leading source of Information Technology (IT) solutions to governments and educators, and SciQuest, Inc., a leading provider of on-demand supplier management and procurement automation solutions, today announced a partnership to offer CDW-G e-Procurement, powered by SciQuest, to colleges and universities around the country. CDW-G e-Procurement, powered by SciQuest, connects institutions to multiple approved-vendor contracts through a single shopping cart function. By eliminating traditional, paper-based procurement processes, and implementing a comprehensive, integrated supply chain function, higher education institutions gain greater control and visibility over on-contract spending. In addition, access to the SciQuest Supplier Network (SQSN) offers an aggregation of robust supplier catalog content. By improving supplier relationships and sourcing strategies, institutions can maintain maximum sustainable cost saving by reducing the purchase approval process from weeks to days. "Today, colleges and universities face mounting financial pressures as costs rise and budgets shrink," said Julie Smith, director of higher education, CDW-G. "To continue providing a quality educational experience, institutions of higher learning need to move from a tactical to strategic purchasing structure, with an increased focus on spend management, long-term goals Long-term goals Financial goals expected to be accomplished in five years or longer. and strategic contracts. CDW-G e-Procurement creates a one-stop shop for higher education technology purchases by automating the entire procurement process and saving institutions money." "Life before e-procurement was a slow, paper-based system, with maverick spending," said Bruce Cherrin, director, procurement service at the University of New Mexico The University of New Mexico (UNM) is a public university in Albuquerque, New Mexico. It was founded in 1889. It also offers multiple bachelor's, master's, doctoral, and professional degree programs in all areas of the arts, sciences, and engineering. in Albuquerque. "We knew that e-procurement was the future of higher education purchasing. CDW-G and SciQuest created a single access point to contracted suppliers to ensure that the university promotes and uses negotiated contracts. Now we have a centralized marketplace where staff accesses university-approved suppliers. E-Procurement has saved us thousands of dollars." "CDW-G's position as a leading IT solution provider, coupled with SciQuest's unparalleled supplier enablement and procurement technologies, enables institutions to configure and manage their ideal purchasing system," said Stephen Wiehe, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , SciQuest. "Through our relationships with channel partners such as CDW-G, SciQuest is able to broaden our customer base with opportunities in new markets in which our partners currently serve." About CDW-G A wholly owned subsidiary of CDW Corporation (NASDAQ: CDWC), a FORTUNE 500 company, CDW Government (CDW-G) is a trusted technology advisor to federal, state and local government agencies, as well as to educational institutions at all levels. CDW-G offers best-in-class technology products and services from top-name brands such as Acer, Adobe, Cisco, HP, IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) , Lenovo, Microsoft, Panasonic, Samsung, Sony, Symantec, and Toshiba. For more information about CDW-G product offerings, procurement options, service and solutions, call 1.800.863.4239, or visit the CDW-G Web site at CDWG CDWG Computer Discount Warehouse Government CDWG Collection Development Working Group CDWG Controls and Displays Working Group .com. About SciQuest, Inc. SciQuest provides on-demand supplier enablement and procurement automation solutions that reduce operating costs, drive end-user adoption, bring more spend under management and increase visibility into organization-wide spending. Through SciQuest solutions, organizations gain immediate cost savings and rapid ROI (Return On Investment) The monetary benefits derived from having spent money on developing or revising a system. In the IT world, there are more ways to compute ROI than Carter has liver pills (and for those of you who never heard of that expression, it means a lot). . Organizations can quickly enable a critical mass of suppliers through the SciQuest Supplier Network (SQSN) and leverage SciQuest Managed Services to fully manage catalog data and order delivery on an ongoing basis, significantly reducing the need for in-house IT and support resources. With an integrated supplier base, organizations can maximize on-contract spending and gain real-time visibility and reporting capabilities throughout the entire order process. In addition to a source-to-settle suite of e-procurement applications, SciQuest also offers supplier and order management modules that seamlessly integrate with existing ERP (Enterprise Resource Planning) An integrated information system that serves all departments within an enterprise. Evolving out of the manufacturing industry, ERP implies the use of packaged software rather than proprietary software written by or for one customer. and enterprise financial systems, driving greater return from existing investments. For more information about SciQuest, please visit www.sciquest.com, or call 919.659.2100. |
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