Priority 1: Stewarding Resources with Integrity and Impact

We will responsibly allocate, manage and steward university resources to support institutional goals and ensure long-term sustainability. By aligning financial, infrastructure and staffing resources with institutional goals and fostering sustainability, we ensure impactful and transformative outcomes.

Next-Gen Imperatives

Imperative 7: Stewardship of resources directly supports economic prosperity for Kansas, ensuring resources are used efficiently to maximize impact statewide.
Imperative 8: Operational excellence in resource management strengthens the university’s ability to act as “One K-State.”
Imperative 10: Effective resource stewardship amplifies fundraising outcomes, enabling K-State to achieve ambitious philanthropic goals.

Goals

Optimize the Use of University Assets

Strategies:

Implement strategic purchasing and sourcing strategies to maximize value, enhance efficiency and support consistent asset management practices across the university.
Review and analyze all university space and property using advanced tools and analytics to assess current usage, maintenance costs and opportunities for optimization and consolidation.
Strengthen asset management processes by standardizing practices that enhance resource security, operational efficiency and lifecycle sustainability, ensuring alignment with institutional goals.
Ensure ERP systems are central to meeting university needs by optimizing and aligning our IT portfolio.

Pursue Creative Strategies to Maximize and Diversify Revenue Streams

Enhance Management and Decision-Making

Strategies:

Transition to a unified, transparent budget model that aligns resources with institutional priorities, supported by adaptive financial planning for colleges and major units.
Develop comprehensive long-range plans that align financial resources with the university’s strategic priorities to ensure sustainability and health through regular reviews.
Leverage dynamic planning tools and advanced analytics to provide timely, data-driven insights for decision-makers.

Metrics for Success

Cost savings achieved through strategic sourcing and procurement (annual % or $)
Percentage of space utilized efficiently (based on space analytics)
Frequency of long-range financial plan updates (annual or biannual)