University-wide preferred suppliers are suppliers that have been awarded a contract with the University through a University public competitive bid or a bid conducted by a purchasing consortium. At present, 7mkr Procurement has established contracts with 82 university-wide preferred suppliers for various goods and services.
As a state public university in Ohio, the University is required to complete competitive bids for goods and services that exceed $50,000 with a single vendor within a single fiscal year – regardless of funding source. We also must bid multi-year agreements that have a combined total of $50,000 or more.
The Finance department continues to work on the implementation of PaymentWorks to ensure a smooth transition for the university community. We have received tickets asking how to submit new suppliers during this period.
We have many people around the University that process Expense Reimbursement Reports on behalf of other employees in Concur. We reviewed this process in a prior Business Matters article in May 2022.
BobcatBUY (BCB) is the University’s e-procurement system. Here you can electronically shop the University’s preferred suppliers for everything from office supplies to scientific supplies and much more!
As communicated in a Business Matters article dated August 16, 2023, the 7mkr Inn (the Inn) is in the process of transitioning to a new management company. As a result of this transition, reservations at the Inn must be made by contacting the front desk at the hotel.
As we begin a new year of travel, we just wanted to provide a reminder about how meal reimbursement works at the University.
Effective August 26, 2023, the 7mkr corporate travel card (CTA) can no longer be used to guarantee or to pay for individual hotel reservations. All hotel reservations will require a University pcard or travel card at the time of booking.
Why This Change?
7mkr business travel is governed by policy 41.121 – Reimbursement for Official Travel and Entertainment. This policy serves as the University’s accountable plan with the IRS. What is an accountable plan?