BIOTECHNOLOGY
Procurement, Inventory, Sourcing, Supply Chain & Supplier Management
VALUE ADDING PARTNER
Buy Right Bio is a full service procurement partner dedicated to the biotech industry. A procurement function featuring industry knowledge and a structured efficient process positively impacts a biotech company's financial health, supply chain risk profile and overall ability to scale operations. BRB consultants have experience managing biotech procurement operations, developing purchasing strategies, reducing inventory supply risk, managing supplier relationships and saving money for small single site companies as well as multi billion dollar global organizations. Clients receive the benefit of having an expert drive the procurement process while avoiding the additional expenses of an FTE and the common and costly idea of a scientist spending valuable time on procurement activities.
SERVICES
Buy Right Bio generates value saving time and money for clients via individual sourcing projects and lab buildouts, all the way up to designing, implementing and running the entire procurement process. Our Remote Procurement Manager and Remote Buyer programs are managed services geared toward start-ups and companies who would benefit from formal procurement operations but do not want to commit to an FTE. In addition to our full service offerings, clients can customize one-time projects including any of the following.
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Purchasing Transactions
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Procurement Operations
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Lab Equipment & Lab Buildouts
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Inventory Setup & Management
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Forecasting & Supply Risk Management
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Supplier Identification & Validation
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Supplier & CRO Management
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Supply & Service Agreements
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Back Order Mitigation
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Purchasing Software Selection & Implementation
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Request for Proposal (RFP)
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Pricing Evaluation & Negotiation
CLIENT RELATIONSHIP
Buy Right Bio clients work with a dedicated consultant who ensures an efficient process that keeps the lab running smoothly and satisfies the business requirements of Accounting, Finance & Legal. BRB seamlessly integrates into client operations; maximizing R&D resources, increasing lab time & unlocking the value inherent in a strategic, efficient & organized procurement process. Examples of how BRB accomplishes this include overseeing a procurement committee consisting of key client stakeholders, managing the inventory process and maintaining a rolling forecast for key supplies. As a procurement partner, BRB's only allegiance is to its clients. While we have longstanding relationships with many suppliers, we are not affiliated.
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Experience planning, implementing & managing the biotech procurement & inventory process for public & private companies
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Strong understanding of biotech supply chain landscape including established relationships with key suppliers & manufacturers
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Develops customized strategies designed to minimize cost & supply risk based on client’s staffing, budget & scientific goals
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Proactive forecasting process that helps scientific business partners anticipate future needs & minimize supply risk for rate limiting & critical materials
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Centralized purchasing provides the opportunity to leverage spend across the organization, eliminates maverick spending & duplicate orders for commonly used materials
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Clients avoid FTE expenses & the costly & inefficient idea of a Scientist and/or Lab Manager doubling as Procurement
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The Lab Manager can focus on managing the lab instead of placing and tracking orders, requesting quotes, identifying secondary suppliers, mitigating back orders, negotiating pricing and the various purchasing emergencies that arise on a daily basis
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Procurement solutions that allow our clients to maximize existing R&D resources while still unlocking the value inherent in a strategic and efficient procurement and inventory process
WHY BUY RIGHT
