MSVCC Annual Report 2018

PROCUREMENT PROCESS STEP 1: Needs Determined By MELA STEP 2: Reviewed By MSVCC IT Committee For Cost, Functionality, & Demos STEP 3: Receive Quote From Vendor STEP 4: Discuss At Local Level

STEP 7: Negotiate Final Quote From Vendor STEP 8: ITS Procurement Initiated

STEP 9: ITS Contracts Approved & Signed STEP 10: Purchase Requisition Submitted STEP 11: Invoice Received STEP 12: Payment Processed

STEP 5: MSVCC Approval STEP 6: MACJC Approval

The consortium is generally able to negotiate (much) lower prices for goods or services being awarded than any single institution in the collective. These savings are usually significant ranging from 10% to 35%. For fiscal year 2018, purchasing as a consortium equated to a 43% savings when compared to each institution purchasing the same services individually. FY2018 MSVCC Cost Avoidance $1,469,637

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16 MISSISSIPPI VIRTUAL COMMUNITY COLLEGE