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Our Collaborative Programs Save Members’ Money They Reinvest in Their Students

President & CEO Eric W. Fulcomer’s Independent Insights

Independent colleges in Wisconsin have long sought innovative ways to manage costs and enhance educational offerings. One of the most successful initiatives in this regard has been the collaborative purchasing programs spearheaded by the Wisconsin Association of Independent Colleges and Universities (WAICU). These programs stand as a testament to the power of public-private partnerships and highlight the substantial benefits of cooperative efforts among educational institutions.

The genesis of WAICU’s collaborative purchasing programs can be traced back to a $3 million investment of federal funds supported by former members of Congress Dave Obey and Tom Petri. This initial funding laid the foundation for what has become a highly effective initiative, resulting in an impressive $286 million in collaborative savings to date. This growth underscores the foresight and innovation of individuals like Dr. Rolf Wegenke, former president and CEO of WAICU, whose work was instrumental in driving these programs forward.

One of the key advantages of collaborative purchasing is the ability to redirect savings into areas that directly benefit students. Dollars saved through these programs are often channeled into student aid, reducing the cost of education for students and families, and the enhancement of the student experience, leading to strong outcomes. Embracing these collaborative programs is not just a smart business decision—it is a strategic imperative that positively impacts students and, eventually, graduates.

WAICU members consistently explore new avenues for reducing costs through collaborative efforts. By working together, these institutions can achieve economies of scale that would be impossible individually. This collective approach allows for significant savings on a wide range of goods and services, from technology and office supplies to facilities maintenance and academic resources. The collaborative spirit fostered by WAICU encourages a culture of continuous improvement and innovation in cost management.

WAICU institutions make a significant contribution to higher education in Wisconsin, awarding more than 24 percent of bachelor’s degrees and 34 percent of advanced degrees in the state. WAICU member institutions are led by entrepreneurial and innovative educational leaders and are key contributors to Wisconsin’s workforce and economic prosperity.

By providing high-quality education to a significant portion of the state’s graduates, these institutions play a crucial role in developing a skilled workforce that drives economic growth. Collaborative purchasing programs also enhance the financial stability and sustainability of WAICU members, enabling them to continue their important mission of educating future leaders.

The value of collaborative purchasing programs for private colleges in Wisconsin, exemplified by WAICU’s initiatives, cannot be overstated. These programs deliver substantial cost savings, enhance educational quality, and contribute to the economic vitality of the state. As WAICU continues to lead the way in cost-saving collaborations, the benefits will undoubtedly extend to students, institutions, and the broader Wisconsin community, ensuring a brighter future for all.