2013 Strategic Initiatives
- Assess, coordinate, and implement major cost-cutting initiatives to achieve a portion of the U-M savings goal of $120 million from the General Fund by FY 2017
- Administrative Services Transformation (AST)
- Implement build phase of Shared Services initiative (upon Executive Sponsor approval)
- Implement Wave 2 of strategic sourcing initiative
- Sign contracts for majority of Wave 2 commodities that will generate $5 million in savings
- Develop scorecard on cost savings and percent of spend through strategic contracts
- Conduct assessment of Finance and HR processes in Academic Affairs for possible inclusion in the Fleming Shared Services Department
- Include Office of the Provost in Fleming Shared Services Department
- Administrative Services Transformation (AST)
- Provide expertise and guidance on compliance, control, and reporting issues
- Evaluate public/private partnerships
- Revise and implement procurement SPG to offer value-added services to units
- Hold Internal Controls Forum for university community
- Define/establish funding and chargeback model for IT projects
- Support policy development for global travel and other initiatives
- Maximize efficiencies, reduce costs, and improve financial and procurement processes
- Conduct assessment of F&O inventory for cost-reduction opportunities
- Evaluate options to reorganize Finance, based on Shared Services initiative
- Build and launch website to support verification element of Tech Tool Policy
- Consolidate AP hubs
- Leverage enabling technologies for cost-cutting and service enhancement
- Implement Contract Management System
- Select and implement new Risk Management Information System
- Pilot system to support B&F position management
- Leverage eRPM for subcontracts
- Partner with ITS to ensure appropriate resource allocation for production support
- Engage Finance employees through leadership development, growth, and training opportunities as part of ongoing effort to improve employee and customer satisfaction
- Develop succession planning process
- Promote competency-based development
- Develop mentoring program
- Support B&F Leadership Passport program