Tuesday, March 5, 2024

UVAFinance in Action: March 4, 2024

Successful Annual Business Review with Quartzy

Last Friday, the Strategic Sourcing Team met with the Quartzy UVA account manager and regional manager to review the past year in our business relationship.   That it was successful is primarily seen in the fact that Quartzy's business with UVA doubled last year, but there are several other high points to report.

Quartzy is an important strategic vendor for the UVA research labs, providing a valuable inventory management system alongside their lab supplies distribution platform.  Because of their proactive training approach, we hardly had any Salesforce cases resulting from the Quartzy Punchout. The punchout implementation simplified the process of placing orders for the labs, and we have achieved 100% punchout on all Quartzy orders.

UVA's fruitful collaborative relationship with this supplier can be seen in various ways: 
  • Buyer Song Song negotiated a special five-year contract with Quartzy, providing every lab with a $250 credit, a free two-year subscription to Quartzy's inventory management system, and significantly reduced fees thereafter, with estimated savings of $250,000 over the contracted years. 
  • Quartzy also assigned a dedicated UVA sales manager who provides on-site training for their inventory management system and answers any questions that the labs may have. 
  • This year, Song collaborated with Quartzy to establish a free shipping program without a minimum dollar requirement. This is estimated to result in a $10,000 savings in 2024.
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