Integrity
Persons in positions that make or oversee decisions regarding purchases
at the department level, especially decisions regarding selection
of vendors, are required to avoid conflict of interest situations.
Stewardship
Departments are to be conscientious stewards of University resources
assigned to them and take advantage of opportunities to achieve value
for University purchase dollars. One of the best ways to provide this
stewardship over the funds allocated to a department is to use cost-effective
processes.
Buying a pen 5 cents cheaper than somewhere else, but using a process
that is $20 more expensive, is not cost effective. To eliminate
purchase orders and invoices, use these efficient, cost effective
processes:
Diversity
The Regents strongly believe that the purchasing power of the University
should enhance equal employment and business opportunities for minorities,
women and disabled persons. Consistent with the Regents' longstanding
policies and achievements in advancing diversity, equal employment
opportunity and affirmative action, the University must aggressively
promote the use of a diverse vendor base.
Departments directly select the vendor on 93% of the University's
purchase transactions and therefore, must be responsible agents
for the University by including these targeted businesses in the
department's purchasing activities.
Sustainability
The University is committed to excellence and leadership in protecting
the environment through the Regent's policy on Sustainability and Energy Efficiency. Departments support this policy when they make
environmentally sound purchasing decisions.
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Our Values:
- Integrity
- Stewardship
- Diversity
- Responsibility to the Environment
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