Digital Solutions to Digital Problems

Facing everyday challenges with customized digital solutions

Every lab-based science organization faces challenges as it grows: from keeping the right inventory in stock to managing assets and data. We’ve been partnering with labs of all sizes to help meet their specific needs through a unique suite of state-of-the-art digital tools and customizing digital solutions.

We enable our customers to connect practically everything in the lab in ways that make sense for their workflows, scale, and goals. From lab automation to data management and digital partnership services—our solutions can help solve your most pressing challenges.

Challenge 1. Are you having issues managing your inventory?

Consumables comprise 60% of overall spending by science organizations (Frost & Sullivan).

So if you are struggling to maintain proper stock levels and anticipate future demands for supplies, inventory management issues could have a major impact on your overall budget. If you are finding that your lab’s work is frequently coming to a halt due to lack of consumables on hand, you need a smart digital inventory management solution. The right solution can help your scientific team operate at peak efficiency, with access to the products they need when they need them, while you gain data-driven stocking of consumables and reagents, helping minimize downtime and costs.

Our solutions include:

• Customizable product mix
• Access to products right when you need them
• Reduced transaction costs and spend visibility
• Consolidated deliveries and reduced shipping costs
• Flexible inventory models and automated restocking
• Spend management tools to streamline invoice processing and user-spend reports

Challenge 2. Are you having issues managing your laboratory instruments and equipment?

To put it simply, effective lab management today requires a comprehensive plan to manage lab assets digitally—industrywide, there is already robust investment in this vital shift. For example, the asset management services segment is set to soon dominate and contribute 65.7% to the total science market revenue (Frost & Sullivan). And that market size is far from insignificant, with the market projected to advance from USD 9.46 billion in 2019 to 17.74 billion by 2024, at a CAGR of 13.4% during the forecast period (Markets & Markets). Most likely, the equipment management issues you’re having can be solved by getting your digital transformation right. Do you find your scientists asking for instrument purchases to increase throughput but aren’t sure if you’re maximizing your current instruments? Do you need better ways for your instruments to be shared across labs and projects? Do you want to make sure your instruments get maximum uptime and are services before things break? With strong asset management, your lab’s telemetry data is globally accessible, yet secure, improving laboratory uptime, efficiency, and productivity. And if your scientists are currently often finding themselves manually transferring data from instrument to analysis software, you can benefit from instrument connectivity to reduce instrument scheduling conflicts and free your scientists from waiting for experiment data.

Our solutions include:

• Mobile tools that provide freedom for scientists to manage scheduling and monitor their instrument runs
• “Device connect” service enabling secure automated data uploading, monitoring, and quick analysis
• Scheduling and utilization data to help you maximize investment
• Real-time telemetry data providing insights to help you make the right maintenance decisions

Challenge 3. Do you have the right platform for managing your laboratory data?

More than a third of organizations see cloud platform as a top three investing priority (Gartner). A platform is foundational for the creation of a fully connected lab, a science organization needs a platform that manages multiple data points and workflow processes producing consistently reproducible results and faster data analysis. By 2022, more than 75% of global organizations will be running containerized applications in production, which is a significant increase from fewer than 30% in 2019 (Gartner). Thus the priority for your organization will be secure data storage to enable collaboration tools and scientific analysis apps to all work safely and seamlessly together.

Our solutions include:

• Automated processes to help improve your lab’s operational efficiency, reduce manual errors, and support reproducibility
• Tools to help accelerate data analysis and enable faster insights
• Simplified documentation of research
• Solutions that cover end-to-end workflows

Challenge 4. Are you making the right purchasing decisions?

Online is the primary channel that 82% of labs are using for purchasing laboratory products, followed by an organization’s internal system (Frost and Sullivan). If you find that manual procurement processes are time and labor intensive, an eProcurement system can offer internal approval processing and increased spend visibility, enabling a potential 8–12% reduction in total purchase costs (Science Direct).

Our solutions include:

• Tools to provide data insights to help enforce compliance and increase returns on contracts
• Procurement teams can spend time building supplier relationships instead of hunting down data
• Mobile tools give end-users the flexibility to purchase more easily
• Accelerated purchasing process
• Technology creates synergies in transaction costs creating operational savings

Working with Thermo Fisher, you can build a custom plan to help you transform your lab using any of these digital solutions that are constantly evolving to meet your own evolving needs. Let us help provide you a tremendous set of advantages in facing the challenging 21^st century science landscape. Find out about these solutions and more at thermofisher.com/connecteverything