Research and Development

The University of Arizona selected software for chemical inventory management

The University of Arizona selected software for chemical inventory management

Research Triangle Park, N.C. — July 9, 2003 — SciQuest Inc. today announced that the University of Arizona has expanded its relationship with SciQuest by signing a multi-year license agreement for the company's LifeCycle materials management solution to manage chemical inventory, reduce associated risks and increase researcher efficiency.

The University of Arizona said it would augment its existing HigherMarkets procurement automation solution with two LifeCycle inventory management modules, Supplies Manager and Chemical Manager. The integration will create a unified platform for internal and external sourcing, as well as a centralized database for accessing inventory usage and safety information.

The agreement also includes access to over 1,000 scientific suppliers through the Science Catalog, additional supplier enablement services for up to 40 of the university's key suppliers and Settlement Manager for matching and payment of invoices from suppliers.

"At the University of Arizona, we want to support our research community by streamlining their sourcing processes and providing them with efficient, networked and secure laboratory environments," said Stephen Mack, C.P.M. director of procurement and contracting services at the University of Arizona. "By integrating LifeCycle modules with our existing HigherMarkets procurement solution, we are able to increase researcher efficiency while proactively managing the risks associated with maintaining chemical inventories."

LifeCycle is a modular suite of materials management solutions that enhance inventory and safety processes. LifeCycle's hosted architecture and inventory modules give organizations the ability to design integrated solutions that manage diverse materials including office supplies; materials, repair and operations (MRO); laboratory supplies; chemicals; and biologicals. The LifeCycle platform also integrates with SciQuest procurement automation solutions to create a platform for internal and external sourcing.

"SciQuest looks forward to expanding our relationship with the University of Arizona by implementing the suite of SciQuest solutions on their campus," said Dorrian Porter, vice president of higher education for SciQuest, Inc. "By linking procurement with materials management we expect the University of Arizona to experience reduced costs, minimized exposure to risk and increased productivity."