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Universities Turn to Consultants to Trim Budgets

Source: New York Times Posted By: Bill 3259 days ago

When Holden Thorp, the chancellor of the University of North Carolina, was looking for ways to cut the university’s budget, he did what many executives in private industry do — hired a management consultant.

The consultant, Bain & Company, came up with recommendations that it said could save the university more than $150 million a year. They included centralizing some of the university’s widely dispersed procurement operations (up to $45 million) and information technology functions (up to $19....

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