Tariffs and University Purchasing: Key Strategies and Resources
As the trade landscape continues to evolve due to new and reinstated tariffs by the presidential administration, the cost of imported goods, essential for university operations, could be affected. Given the fluidity of the situation, university buyers are encouraged to review the following key strategies and implement these purchasing best practices that should always be utilized for the benefit of the university.
Leverage University Preferred Suppliers
Preferred suppliers have established contracts and pricing with 바카라 온라인 추천. Using preferred suppliers when feasible eliminates the need for one-off contracts, multiple quotes and bids, and pricing negotiations for the buyer and ensures that the university receives agreed upon pricing, service, and terms and conditions. You may find a list of preferred suppliers on the Supplier Directory page. 바카라 온라인 추천 has preferred suppliers in a wide range of commodity areas.
Adhere to University Purchasing Policies and Procedures
Adhere to the university’s Purchasing Policy, including completing all necessary purchasing requirements like the Purchasing Checklist & Bid Summary form (available on the Buyer forms page) for purchases between $5,001 and $149,999.99. Remember to obtain multiple quotes and bids to ensure the best price. Following the Purchasing Policy and requirements helps to ensure compliance and/or document price reasonableness of university purchases in accordance with the Office of Management and Budget (OMB) Uniform Guidance (UG).
The Procurement Manual provides buyers with additional information to guide them through the university procurement process and ensure purchases are completed in accordance with established policies and procedures.
Diversify Suppliers
Relying on a single country (especially one subject to tariffs) for goods or services can expose the university to supply disruptions, higher prices, and delays. Explore alternative suppliers from countries not affected by the tariffs to help reduce these risks.
Stay Informed
Regularly check reliable sources on trade policies and economic impacts. Top websites for tariff news include , which offers daily updates and in-depth analysis on trade policies and economic impacts and , which provides the latest updates on tariffs organized both by country and by commodity.
Additional resources include:
- R.L. Swearer (바카라 온라인 추천 Customs Broker)
For further questions, contact Procurement Services at procurement-inbox@andrew.tdcpw.com or the university’s customs broker, R.L Swearer Company.