Procurement
Life Science Outsourcing utilizes our established supplier networks and industry know-how to ensure procurement is done right and increases efficiencies for clients.
Procurement Expertise
Procurement is the first phase of the supply chain, and Life Science Outsourcing is committed to delivering the right solutions for your Direct/Product Related and Indirect/Non-Product Related Procurement needs.
Procurement involves more than just the purchasing of materials/goods/services. Typically, it is purchasing or acquiring of materials at the right quantity, desirable quality and for the best price. Materials must be from a trusted source and delivered for use at the optimal time. The process also involves procurement strategy, selection of suppliers and supplier networks and preparation and management of contracts.
Procurement Steps and Solutions
- Information Gathering
If the customer doesn’t already have an established supplier, Life Science Outsourcing will research the most favorable source from both within and outside our supplier network. - Supplier Comparison
When one or more suitable suppliers have been identified, request for quotations, proposals, and information will be obtained from each and compared. - Background Review
References for product/service quality are reviewed and any requirements for follow-up services including installation, maintenance, and warranty are investigated. - Negotiations and Contract
After negotiations, price, availability, customization possibilities, and delivery schedules are established, a contract to acquire the product/service is created. - Fulfillment
Receiver preparation, delivery, and payment for the product/service are completed, based on contract terms. - Consumption, Maintenance, and Disposal
During this phase, we evaluate the performance of the product/service as they are consumed. - Renewal
When the contract expires or the product/service needs to be re-ordered, company experience with both the goods and the supplier are reviewed. If the client is satisfied, the re-order is placed, otherwise Life Science Outsourcing works with the client to begin the search for other product/services and suppliers once again.
