Articles: Commerce

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. But in today’s higher education marketplace, change is essential and so, too, are relationships with vendors.

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. ...

With ever more affordable options available to them, a new report shows that students are spending somewhat less on average for their textbooks than in previous years.

Leaders from 16 community colleges around the country gathered at the White House in September to participate in a roundtable discussion on the role community colleges play in America.

spotlight

Bill Cooper didn't mince words when Stanford University officials contacted him about coming on board as their director of purchasing. "I said, 'No, I'm not interested in a fragmented function and I'm not interested in an institution that has just a director of purchasing,'" recalls Cooper, who now has an office at ... Stanford.

Albert Einstein had this to say about problem-solving: "You can never solve a problem on the same level on which it was created." In other words, the solution lies at a higher level. That is certainly the truth for many efforts in higher education, where overcoming administrative challenges?

There are 18 million college students, 40 percent of whom receive federal financial aid every spring and every fall. The average student, after class drops and other adjustments, gets 2.5 refunds totaling $1,300. That's a lot of money and a lot of transactions that have to be made according to a stringent set of regulations.

For Mike Freeman, the projected arrival of a Wendy's in fall 2012 in the student union at The University of North Carolina at Chapel Hill is not just about tasty burgers.

The campus bookstore at Tallahassee Community College (Fla.) uncovered a problem in the course of its annual student survey. "What we noticed last spring was that more and more students were not buying textbooks, period," says Vice President and Chief Financial Officer Teresa Smith. "They told us that in our surveys.

Educating students to "think critically, reason wisely, and act humanely" is solidly at the core of what we do in higher education. Sometimes it seems, though, that what's at the periphery—including retail, real estate, and public facilities— demands an inordinate amount of our time and energy.

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