The Benefits of Outsourcing Laboratory Equipment Procurement

Outsourcing different responsibilities can create a lot of benefits. Leveraging the expertise and resources of an experienced, focused partner allows you to focus on what you do best. The right procurement partner can offer an important strategic advantage. Because procurement plays such a significant role in providing the equipment and assets that your laboratory needs, it requires the highest level of oversight and management. Without the proper protocols, procedures, and strategy in place, cost overruns and unforeseen risks can wreak havoc with your operational goals. By taking advantage of the experience and foresight of a laboratory asset procurement specialist, you can reduce costs, mitigate risks, and enhance performance. Here are the benefits that help achieve these objectives.

Overall Cost Savings During Procurement

Cost reduction can be achieved from experienced negotiation and current market and application knowledge.

Reduced Transaction Cost per Purchase

The economies of scale have a direct impact when you procure your assets through a third-party. Further cost savings can be created through the reduction of cost per purchase.

Gain from Knowledge of Product Experience

Suppliers can use their experience of the market to make the best recommendation of products in terms of quality, price, and performance.

Enhanced Communication

Your purchasing partners can communicate clearly with your staff on the procurement process, including asset integration, maintenance, functionality, applications, and more.

Improved Analysis

Your procurement team can offer better information management and purchasing analysis.

Superior Negotiation Skills

Leveraging the skills of an experienced expert can be a valuable asset at the negotiating table. Your partner will know what these products are worth, both on the open market, and to your operations. With this knowledge, they can negotiate as a fiduciary with your best interest in mind.

Streamline your procurement process and improve cost savings along with risk mitigation. The experts at Overbrook have the experience and insight across all laboratory sectors to improve your asset procurement process.