Science Warehouse profits from procurement

Leeds-based Science Warehouse is rather like ‘an Amazon for business’ and its cloud-based procurement software and data management service is hitting the right note as organisations look to tighten up their procurement in ‘the age of austerity’. This Little British Battler is profitable and growing strongly as a result with revenues up 25% over the last year.

Science Warehouse provides a secure private marketplace tailored to customer needs with an online catalogue of more than eight million items. Its offering particularly appeals to decentralised organisations managing technical expenditure, such as universities and health trusts. But it’s data quality and data management capabilities that set Science Warehouse apart from competitors, which include ERP giants SAP and Oracle and global spend management firms like Ariba.

Better data enables accurate price comparison and benchmarking in real time, improving an organisation’s ability to manage its spending and make better procurement decisions. The results, according to MD Steve Kerridge, are demonstrable savings and a ROI of less than six months. With cost cutting still the main driver for procurement functions, it’s easy to foresee further growth for Science Warehouse over the coming months.

Posted by Tola Sargeant at '09:04' - Tagged: software   procurement