Relates to priority: Lead Operational Excellence
As part of Financial Operations’ procurement modernization initiative, the Strategic Sourcing team sets target savings each year to make buying easier, faster, and more cost-effective.
Outcome
To ensure we deliver on our great potential through streamlining our operations.
Target
By Q4 FY23 (March 2023), annually improve Strategic Sourcing and Sourcing service, quality and savings.
*This measure is currently on hold.
Measure
Percentage (%) of annual target savings achieved
Reporting Frequency
Annually — last updated: TBD.
*Please note that you need to be on UBC’s network either on campus or through VPN to access the data.
Our Strategic Priorities
Our priorities provide a framework containing the objectives of our Strategic Plan, and they help contextualize the overarching aims of the VPFO. Progress towards achieving our strategic priorities is tracked by selected Key Performance Indicators (KPIs).
Lead Operational Excellence
Across our diverse portfolio we want to strive for continuous improvement. We need to truly understand why we operate in the way we do, as this will help us to identifying areas where we can increase value add in both our working practices and processes, and then act on our learning. This is about streamlining our operations to ensure we’re delivering on our great potential.