Articles: Commerce

09/2014

In terms of making money from inventions, New York University does pretty well. In 2013 it earned $214 million from intellectual property (IP) created through research, primarily in the schools of medicine and engineering and in the departments of computer science and physics.

09/2014

While trademark would not generally be considered scholarly material that is serving the public good, the $4.6 billion a year it generates for institutions does help them remain more healthy and visible.

05/2014
Fair trade is a model in which producers are paid above market, “fair trade” prices provided they meet specific labor, environmental and production standards. (Photo:  Photograph by James Rodriguez, 2013, Fair Trade USA. All rights reserved)

Last fall Cabrini College (Pa.) became one of only 17 colleges and universities in the United States to be recognized as a “Fair Trade College.” (The University of Wisconsin-Oshkosh was the first in 2008.)

04/2014
Who's buying what?

When it became clear that the scientific equipment in hundreds of labs across the University of Pittsburgh campus was not being maintained effectively, professionals in the university procurement department began looking for a new provider to do the job.

03/2014
Reverse auctions have, by some accounts, proven to save institutions more than 40 percent on goods and services.

Seconds tick by. Vendors submit bid after bid in real time, battling it out to win the business of the campus procurement office. The opposite of eBay, this reverse auction format results in the price going down with each bid.

11/2013
At the University of Alabama, athletics fans can check out the Bryant Museum, covering UA sports history. It’s just one of several revenue-generating spots on campus where payments are made.

From the sale of tickets to athletic or performing arts events, to housing and parking fees and fines, as well as merchandise sales and event sponsorships, there are myriad alternative sources of revenue coming in to v

11/2013

Upon deciding that a more uniform approach was required when it came to the nontuition revenue being generated by departments across campus, The University of Alabama officials established policies designed to regain control of what had been, up to that point, highly decentralized.

11/2013

At Armstrong Atlantic State University, the business and finance department created a policy in 2011 that covers how to establish any revenue-producing activity.

11/2013

When it comes to nontuition payments, college and university officials want the best of both worlds, says Daryl Robinson, director of higher education product development and strategy for Nelnet Business Solutions.

11/2013

The word “vendor” can bring about questionable connotations especially in higher education. One of the reasons for these sometimes-negative feelings is that vendors often bring change to an organization. And, frankly, change can be hard.

08/2013

In the life of an institution, the chief financial officer helps drive the big narrative, but also digs down into the day-to-day. A CFO is strategist and analyst, decision-maker and inspirer, and protector and possibility-seeker all in one.

The U of Arkansas Bookstore, which resides in the 50,000-square-foot, retail-focused Garland Center on campus, uses text messaging and mobile coupon offers to drive traffic. The promotions target specific demographics based on current marketing needs and goals.

As books become digital and online retailers distribute college branded T-shirts, Pillow Pets, and logo-emblazoned caps, the future of college stores faces many uncertainties.

Park2Fly

Officials at Purchase College, State University of New York, as elsewhere, have sought innovative ways to keep tuition low and cut costs. One such effort is Purchase Park2Fly (PP2F), now in existence for a year.

Washington and Lee University (Va.) and Unimarket, an eProcurement and eSourcing solutions provider, have signed an agreement to implement the complete Unimarket solution from eSourcing through eProcurement and eInvoicing.

Heartland Payment Systems’ Campus Solutions division has been awarded contracts by 12 higher education districts and campuses totaling 20 different colleges to manage financial aid disbursement and refund management with its electronic financial aid disbursement product. ...

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