Case Study: Research University achieves 13% life sciences spend reduction with Labviva

How one of the United States’ largest research universities streamlined life sciences procurement and reduced spend by 13%

The procurement team at a major research university, with a $3 billion research budget, was struggling with its existing digital procurement solution. The platform provided limited selection, uncompetitive pricing, poor data analytics, and no support for the university's diverse spending goals. Researchers often had to source materials elsewhere, wasting time and money. They turned to Labviva for a solution.

Labviva implemented its Purchasing Platform, which gave the university complete control over supplier selection and customer-specific pricing. The platform made it easy for researchers to compare products and find competitive offers. As a result, the university achieved a 13% year-over-year reduction in spend, increased its spending with diverse suppliers by up to 190%, and reached nearly $2 million in monthly spend on the platform in 2024 while saving hundreds of human hours.