Strategic Analysis and Cost Optimization Initiative for VCU's Procurement Process

As the lead for IT Strategic Sourcing and Supply Management at VCU, I conducted a detailed analysis to improve procurement practices at our university. Using tools like Tableau, SAS, Excel, and Power BI, I carefully reviewed purchasing data from all VCU departments in fiscal year 2022. I presented my findings to the class, focusing on cost reduction and efficiency improvements. Through my analysis, I identified top commodities by Total Cost, explored opportunities for supplier consolidation, and developed visualizations like a 3-value Bubble chart to highlight key metrics such as total spend and supplier diversity. My tailored recommendations offered valuable insights for strategic decision-making, enhancing procurement practices and promoting cost efficiency across departments at VCU.