Elsevier MDL partners with SciQuest
San Ramon, CA and Research Triangle Park, NC, August 8, 2006 - Elsevier MDL, the market leader in integrated discovery informatics, chemical sourcing and logistics for the life sciences and chemical industries, has announced a marketing and referral partnership with SciQuest, Inc., a leading provider of on-demand supplier management and procurement automation solutions.
Through integration of the MDL® Logistics materials management solution with SciQuest’s Spend Director supplier management solution, the partnership supports the development of a comprehensive, integrated, e-procurement and supply chain management offering. R&D organizations in the life sciences and chemical industries will benefit from:
- Superior reagent sourcing and chemical inventory management through MDL Logistics—and the prospect of further integration with other MDL workflow offerings, including MDL® Notebook.
- One-stop procurement with SciQuest Spend Director.
- Greater control and visibility over spending and improved on-contract spending through use of the single SciQuest solution connecting an organization’s procurement and financial systems to its suppliers.
The integrated solution will enable the scientist to access MDL Logistics from SciQuest’s Spend Director application to procure chemical reagents in a chemically intuitive environment. After the scientist has compiled a reagent list in MDL Logistics, the data will be seamlessly passed to SciQuest Spend Director for processing and procurement.
“Procurement integration and supplier enablement are critical components of a complete R&D logistics solution and are important requirements that are raised again and again by customers,” said Dr. Trevor Heritage, senior vice president and chief scientific officer of Elsevier MDL. “The SciQuest partnership is an exciting first step towards developing a complete, end-to-end logistics solution for chemistry researchers, one that supports the research workflow, simplifies the procurement experience and lowers costs by supporting on-contract spending. No other commercial vendors currently provide this mix of critical capabilities.”
“As organizations get smarter about the way they procure goods and services, integration of a robust supplier enablement solution into their e-procurement system becomes necessary to assure maximum efficiency of the whole supply chain process,” commented Elaine Schroeder, vice president of business development at SciQuest, Inc. “A well planned supplier strategy is the keystone in the bridge to maximized savings and ROI.”
MDL Logistics is a workflow application for managing reagent procurement and inventory tracking. The system simplifies reagent management by providing links to leading procurement systems and automated workflows for container tracking, global inventory control and the handling of regulated substances.
SciQuest Spend Director is an on-demand, multi-commodity, supplier relationship management solution that combines a powerful catalog management tool with a user-friendly, e-commerce style interface that promotes contract compliance and intelligent procurement decisions. Through seamless integration with existing procurement systems, organizations can take advantage of the SciQuest Supplier Network (SQSN), which offers instant access to product information from an extensive network of suppliers in the US and in Europe.
About SciQuest SciQuest provides on-demand supplier enablement and procurement automation solutions that reduce operating costs, drive end-user adoption, bring more spend under management and increase visibility into organization-wide spending. Through SciQuest solutions, organizations gain immediate cost savings and rapid ROI.
Organizations can quickly enable a critical mass of suppliers through the SciQuest Supplier Network (SQSN) and leverage SciQuest Managed Services to fully manage catalog data and order delivery on an ongoing basis, significantly reducing the need for in-house IT and support resources. With an integrated supplier base, organizations can maximize on-contract spending and gain real-time visibility and reporting capabilities throughout the entire order process.
In addition to a source-to-settle suite of e-procurement applications, SciQuest also offers supplier and order management modules that seamlessly integrate with existing ERP and enterprise financial systems, driving greater return from existing investments. For more information about SciQuest, please visit www.sciquest.com or call 919.659.2100.
Elsevier is a world-leading provider of information solutions that enhance the performance of science, health, and technology professionals, empowering them to make better decisions, deliver better care, and sometimes make groundbreaking discoveries that advance the boundaries of knowledge and human progress. Elsevier provides web-based, digital solutions — among them ScienceDirect, Scopus, Elsevier Research Intelligence,and ClinicalKey—and publishes over 2,200 journals, including The Lancet and Cell, and over 25,000 book titles, including a number of iconic reference works.
The company is part of Reed Elsevier Group PLC, a world leading provider of professional information solutions in the Science, Medical, Legal and Risk and Business sectors, which is jointly owned by Reed Elsevier PLC and Reed Elsevier NV. The ticker symbols are REN (Euronext Amsterdam), REL (London Stock Exchange), RUK and ENL (New York Stock Exchange).
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