Purchasing goods and services in a cost-effective way supports good stewardship of Stanford's financial resources and helps the university fulfill its mission and maximize its impact.
This page highlights cost-saving options and programs widely used by Stanford departments to lower expenses, reduce risk, and produce positive environmental and community outcomes.
Before making any purchase, departments can also review the responsible purchasing page for best practices, such as
- Checking Stanford’s reuse resources for items available for permanent reuse or temporary sharing/borrowing before purchasing new
- Reviewing catalog methods (Amazon Business or SmartMart Catalog Suppliers), which provide a competitive shopping platform and integration with iProcurement for streamlined checkout, requisition approval, and payment processing
- Using available central programs
- Checking existing University-Wide Procurement Service Agreements (UWAs) for streamlined contract reviews and approvals
- Requesting multiple bids, including from small and local businesses when possible, to ensure a competitive process
- Utilizing the Supplier Explorer tool to identify small, local, and sustainable businesses
Refer to the Purchase Goods and Purchase Services pages for detailed guidance on preferred purchasing methods and responsible purchasing tips for common purchases.
The table below provides cost-saving opportunities for common purchases that also support responsible purchasing.
| Purchasing Need: Ordered by Purchase Frequency (Most to Least) | Cost-saving opportunities |
|---|---|
| Lab, Life Science, Research, or Medical Supplies |
|
| Chemicals |
|
| Temporary Workers |
|
| Event Venues and Catering |
|
| Cloud Computing and File Sharing/Storage |
|
| Web Application and Development |
|
| Software and AI Tools |
|
| Hardware and Onsite/Home Office Equipment |
|
| Office and Breakroom Supplies |
|
| Printing services |
|
| Appliances |
|
| Travel |
|
| Furniture |
|
| Capital Equipment |
|
| Stanford-Branded Merchandise (Swag) |
|
| Shipping from Stanford and supplier packaging guidelines |
|
Resources
- Responsible Purchasing
- Purchase Goods
- Purchase Services
- Procurement Policies
- For further questions, submit a support request.