The cost reduction task force was struck to identify potential savings from system-wide initiatives in purchasing and other areas with the goal of balancing institutional advantages with individual choice.
The purchasing of goods and services at Queen’s University occurs in a variety of ways. In some instances, the purchasing power of the university is fully leveraged; in others, the University's total volume is not taken into consideration.
Over the last 12 months, a number of initiatives has already begun to leverage the University’s purchasing power. The Committee believes there are additional cost savings opportunities available, with increased coordination between Strategic Procurement, Faculties, Schools, Departments and researchers.
The Committee felt that there were a number of principles that should guide it as it moves forward with further analysis of potential cost saving opportunities. These principles include:
Compensation is not within the scope of the Committee.