Did you know that when you purchased goods on labproservices.com that you weren’t dealing with a lab supply distributor? If not, who were you buying from? You were actually buying from a hybrid Procurement Service Provider. What the heck is that, you ask?
● Office renovation
● “Post pandemic” - how it has impacted LPS, our clients and our vendors
● Launch of the new LPS Website - preparations and things we are asking you to do
● Promotions and new employees. Erik Bennett is now VP of Sales & Marketing and a full partner
● Holly Bingham is now a full-time employee
For commodity items used in the lab, are the much higher prices you pay for a brand name product really yielding more reliable results? Are they worth the premium price? Are you aware of how much more you are paying to get a brand name product?
How do you change your procurement department from a cost center to a profit center?
All businesses, including laboratories are looking for more options to increase their profits. Procurement functions, today, play an increasingly important role in improving business performance and productivity. To enhance business performance, laboratories are exploring new procurement models, which include widening the supplier base, making it more responsive and more flexible. Companies are partnering with procurement outsourcing providers in areas such as procurement analytics and procure-to-pay cycles.
Utilizing LPS procurement services, clients are able to achieve rapid, sustainable improvement in their procurement performance, drive innovation, alleviate risks with regard to supply and steer growth. LPS's procurement services deliver several benefits including sustainable long-term savings in procurement that directly impact the bottom line. LPS focuses on managing the clients' purchases by delivering process efficiencies through organizational efficiency and effectiveness, and creating measurable savings quickly. The LPS procurement outsourcing solution helps laboratories restructure and revitalize their procurement function.
-What is vendor consolidation and why is it considered beneficial?
-What are the key benefits of vendor consolidation?
-How much would your lab benefit from vendor consolidation?
-Can you have all the advantages of vendor consolidation and have vendors compete for your business?
-Cost savings with measurement of services levels and defined baseline costs.
-Increasing company productivity by reassigning key personnel from procurement o impact activities.
-Factual research and results referenced in the following article.
-An offer from LPS to review feasibility at no initial cost – we take the investigative risk for you!