Procurement can be a challenge for businesses that need specialized
products like lab supplies. The market for lab supplies is unique,
and navigating that sector requires advanced knowledge.
At Dryden Group, we work with companies in industries from
healthcare to higher education. We help them secure the lab supplies
needed to serve their customers and clients best. When you need lab
supplies procurement services that make a difference on your bottom
line, choose Dryden Group.
Specialized Procurement That Needs Expert Support
One of the main challenges associated with lab supplies procurement is
that this task involves many smaller categories and potential vendors.
How can you find the time to gain the in-depth understanding needed to
make strong procurement decisions? Lab directors have several
responsibilities, including managing employees, current spending,
inventory, and more. You need someone who can help you monitor the
When you choose Dryden Group, you gain access to the experience you
need, a database of spend statistics and direct vendor records. These
resources become the foundation from which you make the best lab
supplies procurement decisions for your business.
Direct, Indirect and Supply Chain Procurement
Laboratories need supplies for numerous reasons all across the map. At
Dryden Group, we understand that you might need procurement for any
number of services, so we offer:
Direct procurement: These are the materials you
need to create a final product for the customer. You'll buy these
items at the cost of goods sold (COGS) or goods for resale (GFR).
Typically, direct procurement has less supply and fewer
Indirect procurement: These are goods not for
resale (GNFR) — the items and services you need to operate. Our
team acts on your behalf, and our consultants are beneficial
because of the sheer number of buyers and sellers involved.
Supply chain: This conversation does not relate
directly to procurement, though it's still important. Supply chain
consultants focus on how your organization can send and receive
within the entire supply chain.
We know that indirect procurement is often the most overlooked in a
business. That's why our team has made it our specialization. We want
to simplify the process, so we engage in numerous best practices to
find the lab supplies you need at a fair cost.
Our comprehensive procurement services are rooted in our experience in
this space. Every recommendation we make is designed to help you save
in the long run. Other services provided by our consultants include:
Assessments on your spending: We look at your
current spending and pinpoint areas where you could save money.
Doing so will allow you the opportunity to make better decisions
about where you get your supplies from.
Examinations of supplier relationship management:
Our services will help you form a stronger connection with your
suppliers. The Dryden Group works to make sure your relationship
benefits you both.
Analyzation of your merger and acquisition process:
We provide you with the tools necessary to work through mergers
Negotiations of your contracts: Our team will
look at your contracts to ensure compliance. If you need better
terms, we will renegotiate where necessary as well.
Audits on your materials and data: We will look
at your information — from stock-keeping units (SKUs) — to
invoices to look for overcharges and compliance regulations.
Discussions with your suppliers: We speak
directly with your suppliers for you. Efficient, effective
communication improves supplier relationships and performance.
Evaluations of your strategy: We know that one
approach won't work forever. That's why we consistently look over
your plan and make modifications as necessary to meet changing
Benefits of Using a Procurement Consultant for Lab Supplies
Procuring the products you need allows your business to thrive.
However, with all the tasks currently on your plate, you might need
some assistance in this category. That's where we come in. At the
Dryden Group, we can evaluate all the complex jargon to make your life
simpler. Our proven tactics allow you to grow by:
Streamlining communication with your suppliers.
Identifying potential problems in your supply chain before they
cause you challenges.
Connecting you with new suppliers and evaluating those
Suggesting new strategies for indirect procurement that will help
you save money.
Analyzing trends in the market to look for potential
Expert Recommendations Based on Real-Time Knowledge
Like many niche categories, the lab supplies market is constantly
shifting and in flux. If you are left to examine the market only every
few years when contracts expire, your understanding of the market will
be dated and ineffective.
We bring real-time knowledge of the lab supplies procurement market to
each client engagement when you work with us. Our team members who
work in lab procurement services know what's going on at any time,
allowing them to help you make the best decisions at a moment's
Save With Dryden Group
Since 2001, Dryden Group has helped clients save more than $1.5
billion through our procurement services. Indirect spending doesn't
always get the attention it deserves. Still, it can be a source of
significant savings if you have the
right partner for procurement services