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  "documentTitle": "Bain Cost Diagnostics for University of North Carolina",
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      "text": "All observations contained in this document are for discussion purposes only. This information was prepared solely for the use of the University of North Carolina at Chapel Hill; it is not to be relied on by any 3rd party",
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      "text": "Hire a third party to provide procurement functions: Purchase processing, Data capture and spend analysis, Vendor relationships and negotiations. 3a Indirect spend categories: M&DS to focus on policy recommendations, M&DS to perform all procurement functions for University-specific categories. 3b All spend categories: M&DS to focus on policy recommendation and enforcement.",
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      "text": "Potentially the most expensive option: Provider will likely keep some portion of the savings, May be costly to repatriate if market dynamics change. State of NC's involvement in RFP process could limit UNC's ability to select a provider. UNC departments may be resistant to an outside provider managing spend. May only reduce costs in certain categories. Redundant efforts might be required to integrate with new systems in short-term and then again at ERP installation.",
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