Since November 2011, the manager and chief scientist for Acumen Research Laboratories (ARL) had been conferring with Spring Singapore on ways to improve the current procurement practices of the biomedical science (BMS) industry in Singapore. As the creator of ARL as well as a senior chief scientist, she saw and experienced quality problems in addition to fantastic purchasing inefficiency in the present procurement practice in gear and sourcing needed supplies.
She believed that a central procurement structure and process among all members of the BMS sector in Singapore would be a more efficient practice and was finalizing a suggestion, in April 2012, to Spring Singapore for initial capital to set up this kind of buying association. This consortium would be a brand new line of business for ARL.
Purchasing Consortium for the BMS Industry in Singapore Case Study Solution
PUBLICATION DATE: July 17, 2012 PRODUCT #: W12059-PDF-ENG
This is just an excerpt. This case is about INNOVATION & ENTREPRENEURSHIP
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