Manage Tail Spend and Improve Visibility to Costs
Reclaim Your Spending Power
Reducing procurement costs is a cornerstone in any successful business model. The emphasis for you is often placed on securing the best price for the products most frequently used by your company. However, this focus can distract from tail spend management – the often hidden costs of ordering specialised or miscellaneous products from non-core suppliers.
Although you don’t dictate the specific supply needs of the company, you can control the means of procuring these items. Minimizing the number of suppliers is a central component to a cost-reducing procurement strategy, as it saves not only money but also time, as well as removing the complexity of multiple purchase orders and searching competing websites.
Yet which single supplier should you trust? Consider Avantor Services, a proven leader in innovative, reliable, and affordable worldwide supply, procurement, and inventory management services. We strive to be more than just a supplier for you, but a resource for solutions and expertise as well. With our proven inventory management and procurement software, and VWR MarketSource solution, we can help identify often overlooked cost factors to save you more money. Take a look at the resources below to learn more.
Study Shows Potential to Reduce High R&D Purchase Costs
Lean business process capabilities allow companies to consolidate suppliers and implement systems to reduce operational costs and process complexity.
Explore Our Holistic Solutions for Your Challenge
A sourcing solution for research supplies thanks to VWR's well-established relationships with suppliers across the globe.
A cloud-based, inventory management system, that manages the consumption and replenishment of all your lab supplies (VWR products as well as third-party products from any vendor)
An automated inventory management system prevents repetitive ordering, reduces the burden on scientists, and optimises inventory levels.
Keep supplies closer to the workbench and readily available for use, reducing overstock and time spent locating necessary products.
Manage your budget, improve reconciliation, consolidate your vendor base, and control maverick spending all in one place.