Cary, N.C.—April 2, 2013—Provider of cloud-based business automation solutions SciQuest and compound sourcing platform eMolecules, partnered to provide eMolecules’ catalog of in-stock molecular building blocks within SciQuest’s Enterprise Reagent Manager (ERM) platform. ERM users can now directly and seamlessly purchase in-stock molecular building blocks via eMolecules’ market-leading database.
“Traditionally, due to hundreds of small specialty suppliers, searching and sourcing of molecular building blocks is expensive and time consuming for researchers,” said Tom Russell, General Manager, SciQuest Enterprise Solutions. “Purchasing and delivery are also subject to high costs, delays and quality issues. Through this integration with eMolecules, ERM customers gain instant access to building blocks that are available and ready to be shipped, resulting in significant time and cost savings.”
SciQuest’s Enterprise Reagent Manager is a procurement-focused chemical inventory solution used by seven of the world’s top 10 life science organizations and leading higher education institutions. The eMolecules catalog integrates seamlessly into ERM’s “one-stop-shop,” to allow researchers to review all available inventory and catalog sourcing options with a single search.
“As the new go-to data source for ERM, eMolecules aims to deliver significant time and cost savings to SciQuest’s customers while providing reliable sourcing and delivery of their building blocks,” said Niko Gubernator, PhD, Chief Executive Officer, eMolecules.
To date, eMolecules curated data for 650,000 in-stock and verified building blocks from its supplier network. In addition, the continuously-updated hosted catalog ensures accurate availability information from suppliers. Researchers save significant time in finding and acquiring the compounds they need and the organization saves money via negotiated discounts from eMolecules.
Other provided benefits as a result of SciQuest’s ERM solution together with the eMolecules integrated catalog include:
- Reuse of in-house inventory provides faster access to chemicals and reduces purchase, carrying and disposal costs of redundant inventory by as much as 15 percent of annual chemical spend
- Use of preferred suppliers enhances contract compliance and reduces purchase costs by as much as 10 percent of annual chemical spend
- EHS and regulatory approvals, tracking and reporting built into the process improve compliance and inventory accuracy
- Streamline all chemical inventory capture and tracking activities to reduce data entry, errors and overhead