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iBuy (online purchasing)

About the Project

In January 2006, the University of Illinois purchased a solution known as HigherMarkets™ from SciQuest. The selection and purchase were made as the result of an extensive evaluation process involving dozens of representatives from across the University.

Project Goals

Convenience and Ease:

  • Simplify the University's requisition/order process.
  • Decrease requisition/order cycle time.

Cost Savings:

  • Enable contracted vendor catalogs to cover 50% of addressable spend.
  • Increase spending against contracts to 80%.
  • Capture enhanced spend data for use in negotiating new improved contract pricing with current and future contract vendors.

Project Timeline

Last Updated: October 5, 2006

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