Earlier this week, I had the distinct honor to present the P200 Program Strategic Plan to the UC Board of Regents, highlighting the tremendous strides we have made in the past 15 months and outlining our plans to achieve $200 million in annual benefit. Most notably, this also provided an opportunity to formally announce our year-end financial results of $128 million in annual benefit, exceeding our target by $8 million. As the Program’s first official reporting year, this achievement marks a major milestone which speaks volumes about the progress we have made and further validates our vision and program strategies.
When we updated the Board last year, we were unable to correctly and confidently articulate our spend, contributions, and opportunities. Today, our analytics capabilities provide us with a clear picture of categorized spend locally and across the system along with key insights into our purchasing patterns and supplier base. We also have a diligent and common methodology to measure and track the “benefit” we generate through our procurement activities. Combined with the strategic sourcing opportunity pipelines developed through the Centers of Excellence, we have developed a sound and proven roadmap to inform our priorities and have implemented the tools we need to execute.
What further underlies our success is the culture of collaboration and partnership that the P200 program has fostered across and within our system-wide procurement organization. We could not have achieved these results without the shared vision and commitment of the Procurement Leadership Council and the cross-campus partnerships and networks we have seen develop over the course of the program. Our Centers of Excellence (COEs), Single Point of Contacts (SPOCs), and Campus Primary Representatives (CPRs) teams have modeled new and collaborative ways of working to design common solutions and help champion and implement the changes we need to realize our goals. Working as “One UC Procurement” will be critical to our future success.
As we look ahead to the coming year, I am excited by the opportunities we have ahead and confident in our ability to meet our goals based on the results we have already delivered. With much of the operating infrastructure in place and opportunities more clearly defined, we can shift focus to optimizing our processes and developing our teams to ensure significant and sustainable growth.
Associate Vice President and Chief Procurement Officer