Purchases that require bidding (competitive solicitations) can take multiple weeks to process. In contrast, MarketPlace purchases do not need to go out on bid. This saves you time, effort and money!
The MarketPlace is a self-service, e-procurement tool that automates the full procurement to payment process, saving both time and money. Approved buyers shop for goods and services, create and route requisitions for approval, transmit orders to suppliers and document the receipt of orders online.
Purchasing from MarketPlace supplier catalogs provides the university buyers with up to a 6% discount over manufacturer’s list price, as well as free shipping and sales tax-free ordering. In addition, using the MarketPlace streamlines the procurement process for all users and allows for pre-purchase approvals. It eliminates paper invoicing and reduces the risk of duplicate invoice payments, saving time for the university community.