SciQuest Empowers Strategic Procurement
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Pharmaceutical and biotech procurement
Pharmaceutical and biotech procurement can be a key lever in delivering bottom-line savings. But the complex nature of the research community's purchasing needs presents obstacles such as supplier fragmentation and end user autonomy. As a result, traditional procurement approaches often fall short of achieving their full potential.
Life science companies often struggle to find a configurable eprocurement solution that maximizes user adoption and contract compliance. Even beyond that, they need to:
- Enable a critical mass of supplier content quickly with minimal IT resources.
- Make catalog content easy to search for researchers and easy to maintain by the purchasing department.
- Streamline their ordering process for researchers, saving them valuable time.
- Leverage their existing technology investment (for example, ERP solutions).
To answer those needs, SciQuest created SelectSiteTM, our solution for life sciences eprocurement. Our dedicated focus enables us to understand what research institutions, particularly biotech organizations, require to make procurement strategic. That's why we're working with 10 of the top 15 global pharmaceutical companies, including GlaxoSmithKline and Merck.
SelectSite is a modular suite of procurement automation solutions that enhance your existing procurement systems and processes to reduce costs, improve productivity and increase visibility into enterprise-wide spending. Combined with the SciQuest Supplier Network, this solution delivers hundreds of hosted catalogs and thousands of scientific products in an easy-to-use web-based shopping environment that drives on-contract spending and promotes contract compliance.
