Biotechnology Industry Client – $12M Savings Identified

A biotechnology organization faced escalating laboratory supply costs and inconsistent procurement practices. A decentralized vendor landscape and misaligned contract terms hindered budget control and delayed key research initiatives.

Challenges:
Fragmented supplier base, rising costs, inefficient workflows, compliance risks, and unclear spend ownership.

Approach:
Performed comprehensive spend analysis, consolidated suppliers, optimized contract terms, redesigned procurement processes, and aligned R&D, Operations, and Finance functions.

Outcome:

• 15% cost reduction via vendor consolidation and strategic renegotiations
• 25% faster procurement cycle times enabled by streamlined workflows and digital tools
• 20% improvement in regulatory and quality compliance
• Implementation of real-time KPI dashboards, enhancing leadership visibility and decision-making