Amy Wang has been selected as the university's new director of procurement services. Wang's appointment will be effective Aug. 7.
In the position, Wang will manage several critical universitywide functions, including purchasing, travel and expense, strategic sourcing, print/copy/mail, and property disposition.
The university's Procurement Services Department is bringing the Transportation Security Administration's PreCheck program to campus Nov. 16-20 for a special enrollment event.
Procurement Services recently launched a new website that includes a number of features intended to make purchasing easier and faster for the university community.
PNC Bank has been chosen as the university's new official consumer bank, effective May 1.
The agreement allows the bank to offer a variety of free — or low-priced — banking services to more than 80,000 employees and students at the university's Ann Arbor campus.
U-M has begun to implement new federal regulations for the oversight of federally funded research projects.
The new regulations, which were issued by the U.S. Office of Management and Budget, took effect in December, but organizations are allowed to phase them in gradually, which the university is doing over the next two years.
A new Standard Practice Guide covering various aspects of U-M's procurement process includes an increased bid limit, a defined signature authority system, and measures to manage institutional risk.
The new SPG took effect Jan. 1 and was approved at the December Board of Regents meeting, replacing a policy originally issued in 2004.
A strong start to the Victors for Michigan fundraising campaign and overall investment returns of more than 18 percent helped put the University of Michigan in a strong financial position at the end of the 2014 fiscal year.
John Sullivan has been appointed as the university's new treasurer. His appointment, effective April 1, was approved Thursday by the Board of Regents.
The initial wave of U-M’s Strategic Sourcing effort saved the university more than $16 million in fiscal year 2013 on six categories of purchased goods and services, ranging from computers to office supplies.
• Accounts payable
• Billing and accounts receivable
• Travel and expense reimbursement
• Benefits and retirement savings administration
• Data management and reporting
• Time and leave administration
Combining resources to achieve lower costs and enhance service is the aim of the new U-M Shared Services Center, slated to open in April 2014.
The University of Michigan continues to be in excellent financial health because of faculty and staff who are focused on the institution’s core missions “as well as pursuing new ideas to contain costs, maximize resources and increase efficiencies.”