Know who your stakeholders are

The people who will care about local purchase performance include your institution’s leadership in its administrative areas, any board of trustees committee overseeing this aspect of operations, local community leaders, and local government.

Establish and share a dashboard

Create an accessible and widely available institutional dashboard for tracking efforts in local economic impact. Such a dashboard shows data on your achievements to date along with your performance goals for the upcoming fiscal year: what has been accomplished, and what you want to accomplish next. Plan for quarterly and annual updates, reporting performance to the key stakeholders. Transmit the information from the dashboard in an easily consumable format to illustrate how your institution is living up to its local purchase goals.

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