Improve Education Return on Investment through lower costs
Glimpse K12 launched today a solution designed to help schools benchmark spending and reduce costs through group buying power. Called Bundle, it provides schools and school districts with insights on peer-school spending and provides the opportunity to group with other schools and districts for better buying power and lower pricing.
Traditionally, schools’ purchase process for goods and services has been opaque, with wide disparities in pricing for the exact same products and services - vendors often just charge what the school has budgeted. Bundle is designed to help schools ensure they are getting the best pricing from vendors. Users can even set alerts when they have their eye on a certain product or platform, so they know when a group purchase opportunity is available.
Cullman City Schools is one school district evaluating Bundle. “Gaining a better understanding of what our peers are spending will be an enormous help as we negotiate and re-negotiate vendor pricing for the 2019-2020 school year,” said Susan Patterson, Superintendent of Cullman City Schools. “We think this data will help us reduce costs across several key areas, we think by as much as 30 percent. We’re excited to leverage group buying opportunities in the Bundle marketplace – it’s a major step forward.”
Bundle integrates with schools’ financial accounting systems, aggregating the data so that schools across the network can see what their peers have spent per student on different products and services, and even for specific vendors. (Full article on TechandLearning.com)