Mr. Paul McMinn, President/CEO of the Isothermal Group in Lab Manager Magazine, March 2014 article titled Strategic Sourcing states:
"Corporate downsizing has taken a toll in many organizations, especially in areas such as procurement, regarded historically as a cost center. With continued economic uncertainty and instability, companies are continually looking for ways to add to growth and contain costs to sustain growth. (This article can be downloaded in our Links section at the top right of this page.)
PWC International in their publication - "Supplier Relationship Management - How key suppliers drive your company's competitive advantage"state: "Companies are now aware that they must integrate and collaborate with suppliers to remain competitive and take the next step towards procurement excellence." Supplier management is not a new topic, but it has always been the 'stepchild' of the procurement functions.
Download the entire article by clicking here.
The main reason that the field of procurement outsourcing has begun to expand rapidly in recent years is its ability to generate hard dollar cost reduction savings. As procurement outsourcing has continued to mature, cost reduction has increased and continues to be the main reason why companies continue to outsource all, or part, of their procurement.
Take the first step towards procurement excellence - check out our video!
We're not just another lab supply warehouse. We provide Complete Procurement Solutions!
Vendor & Invoice Consolidation
Group Volume Discounts
Lab Systems Design
Order & Inventory Portal
Spending & Savings Metrics
The LPS web store has commonly used lab supplies in bulk quantities at unbeatable prices! Buy manufacturer direct and save. We feature only our best deals. Case quantities only.
PipetTipFinder: Find pipettors and the pipet tips that fit them.
Snapit: Safety ampuole opener.
ViveST: Sample collection and transportation without refrigeration.
Technology services and accounts payable processing provided by ScanStore.
ScanStore: Scanning Solutions
SimpleIndex: Document Scanning Software
SimpleOCR: OCR SDK & Freeware
LoanStacker: Paperless Mortgage
Conversion Chart - U.S. Standards to Metric
Interactive Periodic Table of Elements