Lab Inventory Management

AUTOMATION SOLUTION FOR LIFE SCIENCES

Seamlessly manage your lab inventory with a flexible solution powered by Low-code and BPM

Princeton Blue’s Lab Inventory Management solution is a fully integrated, mobile-ready enterprise solution that bolts on to your existing lab applications, optimizes inventory for samples, provides a unified view of your enterprise data and streamlines workflow across various systems to modernize your inventory management experience.

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    Need for Lab Inventory Management

    The need for Inventory Management in Labs

    The data management, workflow and collaboration needs of today’s pharmaceutical labs are shifting at a rapid pace. What they need is a modern, flexible, and extensible solution to address this continuously changing need.

    The traditional method of inventory management often has a number of pain points:

    • Rigidity in defining rules and workflows thus limiting the flexibility provided to inventory teams
    • Siloed systems resulting in lack of visibility into inventory levels and order for samples
    • Lack of timely prediction of “Runs at Risks” due to lack of inventory
    • Outdated user experience that requires users to navigate to multiple legacy systems
    • Potential stock-outs leading to delays in experiment runs

    Solution Overview

    The objective of Lab Inventory Management solution is to provide a flexible, rule-driven Inventory Management system that seamlessly manages the replenishment orders for samples by considering:

    • The current inventory levels,
    • Forecasted demands,
    • Orders in transit, and
    • The lead times for procuring each sample.

    The solution is not intended to replace legacy software supporting Inventory Management. Instead, it bolts on to your existing lab applications to provide flexibility and a fully mobile-enabled experience out-of-the-box!

    The solution is easily configured and customized to your organization’s requirements and since it is built on the Appian Low-code process automation platform, end-to-end solution development and testing happens in weeks!

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      Key Highlights

      Here are the key features of Princeton Blue’s Lab Inventory Management solution.

      Inventory Management Algorithm

      Optimal Inventory

      An inventory management program for maintaining optimal inventory levels for all samples.
      At-risk Experiments

      At-Risk Experiment Alerts

      Experiment owners are sent an alert if an inventory shortage is detected.
      Order Generation and Approval

      Flexible Approval Workflows

      Helps place new orders with appropriate approvals based on flexible and customizable workflows.
      ExpediteMode

      Expedited Orders

      Suggests when orders must be expedited to avoid stock-outs.
      Inventory Visibility

      Inventory Visibility

      Provides a 360-degree view of the sample inventory.
      Mobile-ready-application-LM.png

      Analytics and Dashboards

      Provides real-time visibility into the process via interactive dashboards and reports.

      Key Highlights

      Here are the key features of Princeton Blue’s Lab Inventory Management solution.

      Feature Description
      Inventory Management Algorithm Optimal Inventory An inventory management program for maintaining optimal inventory levels for all samples.
      At-risk Experiments At Risk Experiments Alerts experiment owners if it detects an inventory shortage.
      Order Generation and Approval Flexible Approval Workflows Helps place new orders with appropriate approvals based on flexible and customizable workflows.
      ExpediteMode Expedited Orders Suggests when orders must be expedited to avoid stock-outs.
      Inventory Visibility Inventory Visibility Provides a 360-degree view of the sample inventory.
      Mobile-ready-application-LM.png Analytics and Dashboards Provides real-time visibility into the process via interactive dashboards and reports

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