Case Study: a top-20 pharmaceutical company achieves 20% lower hard costs with Labviva

How a top-20 pharmaceutical company increased compliance and order speed while reducing costs with Labviva

A top-20 pharmaceutical company faced challenges controlling its R&D procurement spend due to an outdated and siloed tech stack. This led to low compliance with approved catalogs, excessive time spent on manual ad-hoc orders, and overspending. The company turned to Labviva's life sciences procurement platform to address these issues.

Labviva implemented its user-centric purchasing platform to consolidate the company's 85+ preferred supplier catalogs into a single, easy-to-use interface. This solution ensured better compliance with contracted pricing, reduced manual order processing time by 5x, and unlocked a 20% reduction in hard costs, saving $2.73 million in the first year.