Purchasing Consortium for the BMS Industry in Singapore

  • Reference: IVEY-9B12D014-E

  • Year: 2012

  • Number of pages: 6

  • Geographic Setting: Singapore

  • Publication Date: Jul 17, 2012

  • Fecha de edición: Jul 9, 2012

  • Source: Ivey Business School (Canada)

  • Type of Document: Case

  • Company: Small

  • Industry Setting: Health Care Services;

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Description

Since November 2011, the director and chief scientist for Acumen Research Laboratories (ARL) had been conferring with Spring Singapore ? a government agency devoted to the city-state?s economic growth ? on ways to improve the current procurement practices of the biomedical science (BMS) industry in Singapore. As a senior chief scientist and the founder of ARL, she saw and experienced tremendous purchasing inefficiency and quality problems in the existing procurement practice in sourcing supplies and equipment. She believed that a centralized procurement structure and process among all members of the BMS industry in Singapore would be more efficient and was in April 2012 finalizing a proposal to Spring Singapore for initial funding to set up such a purchasing consortium. This consortium would be a new line of business for ARL.

Learning Objective

·Distribution and supply chain for the BMS industry in Singapore. ·Purchasing process and structure. ·Purchasing consortium and e-markets.

Keywords

Entrepreneurship Purchasing Consortium Purchasing Process Supply Distribution