Changes to procurement reduces cycle times

Changes to procurement reduces cycle times for creating purchase orders and paying invoices.

To improve procurement at UBC, we have implemented changes in central Procure-to-Pay processes to reduce cycle times for creating purchase orders and paying invoices. We have also reduced the university’s standard payment terms for vendors from 45 to 30 days.

The next phase of the project will include engaging with faculty and department users to identify incremental process improvements, ensure requests are complete, and further reduce cycle times. We will develop a longer-term strategy to implement technology solutions to make procurement easy, seamless and automated.