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Biotech

How a mRNA-focused biotech consolidated its lab supply ordering process

A major pharma/biotech company catapulted into the international spotlight in 2020 was experiencing major growth and needed a way to streamline its increasingly complex R&D spend, which was marked by a large tail spend and protracted lab supply ordering. That’s when ZAGENO entered the picture.
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Key Facts

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Client

Leading Pharma/Biotech in mRNA Vaccines

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Challenges

Large Tail Spend | 300+ Suppliers to Manage | Time and Cost Drain for Scientists and Procurement

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Solution

Access to ZAGENO’s easy-to-use lab supply marketplace with painless supplier onboarding

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Results

Rapid internal adoption resulting in $197K in cost avoidance and $82K in savings within six months

procurement

Challenges

While racing to keep up with changing world demand, both procurement and the lab faced a growing, fragmented, inefficient lab supply ordering process with many challenges, including:

  • Period of Explosive Growth. Lab supply spend ballooned to 300+ suppliers with high volume of free-text purchase requests.
  • P2P Limited Automation. Without a single buying channel, juggling multiple catalogs using Arriba was time-intensive and inefficient.
  • Time Drain on Procurement. Administrative tasks such as adding vendors and submitting quotes left no time for strategic sourcing of vendors.
  • Time Drain on Scientists. Navigating multiple supplier catalogs to find in-stock, on-spec products took time away from research and innovation.
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Solution

Procurement needed a solution to address two main paint points: supplier setup and product comparison.

Scientists needed an easy-to-use tool that would cut down on ordering steps and save them time.

Access to the ZAGENO lab supply marketplace quickly addressed the needs of both sets of stakeholders.

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Results

After 3 weeks with ZAGENO: “The impact was fairly immediate. The engagement and usage of ZAGENO by [our] scientists continues to grow daily.” – Associate Director, Procurement. Within 6 months with ZAGENO:

  • Ordered from 82 new suppliers
  • $197K in cost avoidance from elimination of supplier onboarding
  • $82K in savings from product comparison

“ZAGENO is an easy to use platform that gives our scientists the ability to quickly find, order, and track their lab supply needs.”

“ZAGENO is a leader in that it has the most suppliers and SKUs of any marketplace we looked at.”

“I like that our scientists can easily compare pricing between various suppliers.”

About ZAGENO

With over 40 million product SKUs available from more than 5,000 leading brands, ZAGENO offers the largest life sciences lab supply marketplace. Our one-stop-shop solution helps scientists, lab managers, and procurement leaders compare products across vendors, easily source product alternatives, track deliveries, and communicate order status with R&D teams in real time. ZAGENO makes online shopping for any research material convenient, efficient, and reliable.

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