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University of Minnesota Driven to Discover  
U MARKET
Top Stories • January 2016  
U Market University of Minnesota logo in maroon

FY 2016 is off to a great start


The first six months of fiscal year 2016 is looking positive for U Market! As of the second quarter, U Market spend increased 25%+ over the second quarter of FY15. Year to date, spend is up 32% from FY15 at the same time.   
Bar graph of transaction volume showing increase in orders, order lines, and invoices from Q2 FY15 to Q2 FY16
The number of orders, order lines, and invoices are up only modestly. The large spend increase is primarily due to more suppliers implementing quote capability for large orders.

The number of individual users has increased 9% over last year and PCard spend with U Market suppliers decreased 22% from the previous period. This is good news, and reflects recognition of U Market as the most cost-effective and efficient purchasing process at the University.
New supplier banner in green and white
Image of The Home Depot logo with name in white on a square orange background

The Home Depot is now a punchout on U Market!


With purchases made through U Market, The Home Depot is offering:
  • Local dedicated in-store and regional account support
  • Product discounts (which show at checkout) 
  • Free shipping (in-store pick-up also available)
  • Volume discounts on orders of $1,000+ (available through the quote process)
When you order through U Market, your order is filled by your local Home Depot store. If you do not see what you need in inventory, call the Pro Service Desk and identify yourself as a University of Minnesota customer. They will be able to help you. If you prefer in-store pickup, simply go to the MRO or Pro Service Desk with the Special Services Customer Invoice that you receive by email after placing your order. If your local store does not have an MRO or Pro Service Desk, go to Customer Service.

Questions? Call U Market Services at 612-624-4878. Our Customer Support Team is ready to help!
Forward
Multicolored words "Happy New Year" on black background

Best wishes for a prosperous 2016 from all of us at U Market!
Frequently Asked Questions banner in blue and white
Image of logo in blue that says R&D Systems a bio-techne brand

January winner: Susan Wenker!


Q: R&D Systems used to be a punchout on U Market. What made you take them off?

A: R&D Systems no longer wished to have their own punchout on U Market and wanted to sell to us through distribution only. This worked well for the University, because Fisher Scientific now sells products from R&D Systems with a discount structure and free freight, whereas R&D Systems had sold to us at list price plus freight.
 
DO YOU HAVE A QUESTION ABOUT U MARKET?
Send it to U Market Services. Each month we'll draw one name from the submissions and the winner will receive a U Market Services mug. 
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