Case Study: Labshares streamlines lab procurement and cuts admin time with Labviva

How Labviva’s one-stop shop for laboratory supplies makes procurement easy for Labshares members

Labshares, a shared laboratory space in Newton, MA, faced significant procurement challenges for its member scientists. Their previous lab supply marketplace featured inflated pricing, lacked necessary products leading to long sourcing delays, and required staff to spend 25% of their week manually reconciling invoices. To solve these problems, they turned to the Labviva Purchasing Platform from vendor Labviva.

Labviva implemented a one-stop shop solution that consolidated hundreds of suppliers, provided competitive customer-specific pricing, and centralized all purchasing data into a single invoice. This streamlined approach eliminated the need for scientists to source outside the platform and drastically reduced administrative work. The results for Labshares included an 80% reduction in time spent managing purchasing and access to over 90 suppliers with negotiated pricing.

Labshares

Jackie Cerami

Senior Manager, Finance Operations