Uncovering the hidden cost of inefficient laboratory practices

Routine inventory upkeep in laboratories can consume up to 25 per cent of a scientist’s time, according to a survey carried out by Merck. In a new white paper, the German multinational science and technology company explores the value of digitizing inventory management in order to maximize the true potential of a laboratory via the removal of repetitive manual tasks.

With the same survey revealing that 90 per cent of scientists struggle to find the storage location of consumable data, even when they already have a data analysis tool in place, this white paper addresses the direct and indirect costs of manual, error-prone inventory management and brings to light the main inventory management challenges facing fast-paced laboratories.

As revealed in this white paper, forward-thinking laboratories that replace repetitive admin tasks with digital platforms find they are better placed to maintain compliance, retain scientific talent and expedite research timelines, ultimately attracting bigger funders.

Download this white paper to discover:

• How inventory management challenges directly impacts research outcomes, costs and regulatory compliance.
• Why tackling motion waste and disorganized inventory management can lead to improved research and production outcomes.
• How to make data easier to capture through better workflow adoption.
• The true cost of spoilage waste including reagent shipping costs, maintenance and storage costs and the associated safe disposal costs.