Streamlining Procurement and Inventory Management Leads to Increased Productivity

A biotechnology company was planning to relocate to a new headquarters to accommodate growth. As part of the move, the company wanted to streamline tasks and increase efficiency. Scientists, technicians, and other skilled employees were wasting nearly 5,000 hours a year on ancillary tasks such as inventory management. The company’s procure-to-pay process was streamlined to allow scientists to focus their time on research activities.