Strategic Sourcing Principles

• Choose qualified suppliers who behave ethically and legally and have a high value for safety and the environment.
• Leverage Boston University’s buying power wherever possible while recognizing when independent buying by a department, school or college makes sense.
• Judge the quality of sourcing decisions and specifications by the value they add to our students, researchers and the community.
• Continually improve the procurement process by tying it into all key activities, especially the supply chains and budget process.
• Develop strategic partnerships with critical suppliers when the benefit to Boston University is clearly demonstrated.
• Hold line management accountable for the quality and results of the sourcing process.
• Seek minority and small business purchasing opportunities in the Boston area, Massachusetts and the U.S.
• Recognize that quality data is critical to running Boston University.