Ivy Tech's president, Thomas J. Snyder, shares in University Business magazine a brief summary of his institution's implementation of one of the four key strategies in its strategic plan: outsourcing bookstore management; a statewide agreement with Dell; similar consolidation of copiers and services; an outsourced, statewide prospective student calling center; consolidation of furniture purchases; and a guaranteed energy savings contract. 

Overall, since 2008, Ivy Tech has improved purchasing practices to create nearly $19 million of one-time savings, plus $12 million in recurring annual savings. Even more important than these bottom-line savings are what they enable: We recently hired nearly 300 faculty and staff to accommodate our growing enrollment—and we did so without adding to our budget. The new employees aren’t administrators; they’re faculty and staff who work directly with students.

Our trustees understand this connection between cost savings and growth. Ivy Tech also recognizes that its role as the state’s largest workforce development provider means that state support represents an investment in Indiana’s future, and we’re confident we offer an unparalleled rate of return.

Ivy Tech's strategic plan is titled Accelerating Greatness.