CARY, N.C., June 24 /PRNewswire/ -- Fred Hutchinson Cancer Research Center (FHCRC), a world-renowned research and treatment institution in Seattle, has selected SciQuest, Inc., a leading provider of on-demand strategic procurement and supplier enablement solutions, to enhance its enterprise resource planning (ERP) system and improve on cost-efficiency.
FHCRC joins other healthcare facilities that have upgraded or streamlined their procurement and supplier management processes through the use of SciQuest's on demand e-procurement solutions.
According to Mark Burch, Director of Material Management for the Fred Hutchinson Cancer Research Center, a key benefit of adopting SciQuest is its ability to integrate with its existing PeopleSoft-based ERP system and thus retain existing log-on and other security credentials.
"SciQuest replaces a number of other methods of product ordering, allowing us to make this key function more streamlined and cost effective," said Burch. "SciQuest completes my vision of having one complete electronic procurement-to-pay cycle system at the Center."
SciQuest empowers customers to drive spend to preferred contracts and suppliers through enforcement of business drivers and has helped customers achieve savings of five percent or more on procured goods and services. Its on-demand e-procurement solutions help gain tighter control over supply chain spending, while supporting the purchasing needs of healthcare professionals and staffers throughout the organization.
"Today's economic realities demand that healthcare facilities and research centers, such as Fred Hutchinson, make every effort to save money without compromising patient care or groundbreaking research," said Krista Fuller, Director of Healthcare for SciQuest. "We are delighted to be playing a key role in helping the Center streamline the ordering process. We believe the improvements in accuracy, timeliness and cost savings will pay dividends for medical professionals and the patients they serve."
With ever-escalating costs a concern for healthcare organizations, many are eagerly pursuing ordering methods that improve efficiencies and reduce costs. Healthcare supplies represent a significant and increasing share of operating expenses, and thus the management and control of the supply chain can have a dramatic impact on the bottom line of a healthcare organization.
Thanks to SciQuest, users of the Center's ERP-centric solution are able – for the first time -- to order from multiple vendors on one cart, electronically transmit orders and receive centralized email confirmations of orders. Also, SciQuest's electronic signature capture tool enables all packages to be tracked throughout the shipping and receiving process.
This news comes at an exciting time for SciQuest as they are a sponsor at The Healthcare Industry User Group (HIUG) Interact 10 Conference in late June in Orlando, Fla. The HIUG conference serves as a discussion and networking forum for those in the healthcare industry with Oracle/PeopleSoft applications. As a Supply Chain Management and Supplier Relationship Manager Pillar Sponsor, SciQuest is proud to be a represented organization and grateful for the opportunity to network with other prominent organizations in the healthcare industry.
Fred Hutchinson Cancer Research Center
At Fred Hutchinson Cancer Research Center, our interdisciplinary teams of world-renowned scientists and humanitarians work together to prevent, diagnose and treat cancer, HIV/AIDS and other diseases. Our researchers, including three Nobel laureates, bring a relentless pursuit and passion for health, knowledge and hope to their work and to the world. For more information, please visit www.fhcrc.org.
SciQuest provides a leading on-demand strategic procurement and supplier enablement solution that integrates customers with their suppliers to improve procurement of indirect goods and services. Our on-demand software enables organizations to realize the benefits of strategic procurement by identifying and establishing contracts with preferred suppliers, driving spend to those contracts and promoting process efficiencies through electronic transactions. Using our managed SciQuest Supplier Network, our customers do business with more than 30,000 unique suppliers and spend billions of dollars annually.
Our current target markets are higher education, life sciences, healthcare and state and local governments. We tailor our solution for each of the vertical markets we serve by offering industry-specific functionality, content and supplier connections. We serve more than 160 customers operating in 16 countries and offer our solution in five languages and 22 currencies.
SciQuest is a registered trademark of SciQuest, Inc. Other trademarks contained herein remain the property of their respective owners.
For more information about SciQuest, please visit www.sciQuest.com or call 877-710-0413 in the U.S. or +44 1794 341182 in Europe.
SOURCE SciQuest, Inc.