We have been working with our campus partners to improve our supplier agreements by providing cost savings and improving customer service. We are pleased to announce that two suppliers of laboratory equipment and supplies, VWR International and Life Technologies are offering new programs that support these goals.
As a strategic preferred supplier, VWR offers significant, multiyear cost savings to the university and commits to annual customer satisfaction and process improvements. This new agreement offers savings of 10.5% overall, i.e., an additional 2% reduction in pricing as of June 30, 2015. Additional benefits of this agreement:
In cooperation with Weill Cornell Medical College, we have a new preferred supplier agreement with Life Technologies, a subsidiary of Thermo Fisher Scientific. This new agreement provides cost savings, reduced shipping charges, expanded product offerings, discounted maintenance agreements for instruments, and an on-site consignment program.
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