Navigation Links
Article Now Available: Are Special Orders Draining Your Budgets?

CARY, N.C., Aug. 5 /PRNewswire/ -- SciQuest, Inc., the global leader empowering enterprises to realize the potential of strategic procurement, today announced the availability of the first article in the company's Procurement Insight Series for the healthcare industry. The article, "Are Specials Draining Your Budgets? Learn how to Plug the Leaks," details how special orders can harm productivity and profitability while offering solutions to help organizations get to the source of the problem and remove costs throughout the purchasing process.

"In this economic environment, finance and supply chain professionals in healthcare organizations are under increased pressure to cut costs and drive on-contract spending," said Krista Fuller, director of Product Marketing for Healthcare at SciQuest. "One critical component of supply costs includes special orders, which are manual workarounds when staff cannot find the right product in the ERP item master file. Special orders are typically purchased at retail or non-contracted prices and, therefore, are a leading contributor to the erosion of hospital profits. With the right solutions in place, healthcare organizations can save an average of 8 percent through the reduction of special orders."

Content, or lack of it, in the ERP item master file is at the heart of why most special orders are placed. "Are Specials Draining Your Budgets?" details the productivity and profitability losses generated by special orders, such as overpayments and invoicing errors, and provides best practice guidance from the results one organization found with a content management solution, including a 33 percent reduction in the number of special items purchased and 20 percent savings on each new dollar of spend managed under contract.

Fuller added, "A robust content management solution can dramatically reduce specials, but it must provide the features and functionality to make certain that information is accurate and up-to-date, and that organizations can apply their own business rules and contract preferences to promote on-contract spend to ensure rapid return on investment."

Are specials draining your budgets? Learn how you can reduce supply costs, improve workflow, increase productivity and enhance visibility into organization-wide spending. Download a complimentary copy of "Are Specials Draining Your Budgets?" at

About SciQuest

SciQuest's procurement automation and supplier enablement solutions empower leading organizations to realize the potential of strategic procurement. The company's specialized knowledge, on-demand software, and service-first approach enable public and private enterprises across the globe to manage spend, drive ROI, and advance their critical missions.

SciQuest's deep understanding of its served vertical markets combined with a broad supplier network and intuitive, online shopping experience increase user and contract adoption while improving operational efficiencies. Through software-as-a-service (SaaS) deployment, organizations can quickly implement the right eprocurement solution to augment existing ERP investments or fully enable all aspects of purchasing from sourcing to settlement.

For more information about SciQuest, please visit or call 877-710-0413 in the U.S. or +44 1794 341182 in Europe.

SciQuest is a registered trademark of SciQuest, Inc. Other trademarks contained herein remain the property of their respective owners.

    SciQuest media contact:
    Adrienne Turner

SOURCE SciQuest, Inc.
Copyright©2009 PR Newswire.
All rights reserved

Related medicine news :

1. New DeKaye Article Identifies Hierarchy of Greed in Healthcare Fraud
2. Nanoparticle-delivered 'Suicide' Genes Slowed Ovarian Tumor Growth
3. AlphaRx Presents Positive Preclinical Data on Zysolin(TM) Inhalable Nanoparticles at Controlled Release Society Annual Meeting
4. Team24 News Article - New EU Directive Offers a Healthy Outlook for Niche Recruitment Companies like Team24
5. Physician Hospitals (PHA) Responds to TIME Magazine Article: Filled With Incorrect Assumption and Innuendo
6. Eliminating polio requires global, coordinated effort -- Health Affairs article highlights risks, rewards of eradication
7. Crestor Patent Invalidity Evidence Uncovered By Article One Partners Community
8. Articles by Prominent Scientists Featured in 25th Anniversary Issue
9. AACE Response to Insulin Glargine Cancer Risk Articles in Diabetologia
10. Making nanoparticles in artificial cells
11. Hospice of Michigan President and CEO Available for Comment on New England Journal of Medicine Article on Profits in Hospice Industry and Proposed Changes From MedPAC
Post Your Comments:
(Date:11/27/2015)... ... 2015 , ... CBD College is proud to announce that on ... accreditation to its Diagnostic Medical Sonography program. CBD College is honored to join this ... colleges and universities in the state of California make the cut. CBD College is ...
(Date:11/27/2015)... San Francisco, California (PRWEB) , ... November 27, 2015 , ... ... 1969 Janis Joplin Ann Arbor Michigan boxing style concert posters. This is one of ... 1969 at the Canterbury House at the University of Michigan in Ann Arbor. The ...
(Date:11/26/2015)... ... November 26, 2015 , ... Inevitably when people think Thanksgiving, they also think ... during the Black Friday and Cyber Monday massage chair sales to receive ... high and low to find the best massage chair deals, they can see all ...
(Date:11/26/2015)... (PRWEB) , ... November 26, 2015 , ... ... of workshops to discuss bioavailability and the need to integrate dose form selection ... in collaboration with OBN, the membership organization supporting and bringing together the UK’s ...
(Date:11/26/2015)... ... November 26, 2015 , ... ... opinion process, participated in the 61st annual Employee Benefits Conference. The Employee Benefits ... place Sunday, November 8th through Wednesday, November 11th, 2015. The conference was held ...
Breaking Medicine News(10 mins):
(Date:11/26/2015)... STOCKHOLM , November 26, 2015 ... the potential to use SyMRI to find optimal contrast weighting ... brain tumor metastases, and has signed a research agreement with ... at the hospital. Using SyMRI, it is possible to generate ... parameter settings after the patient has left, thus making it ...
(Date:11/26/2015)... ) has ... Future Horizons and Growth Strategies in the ... Shares, Country Segment Forecasts, Competitive Intelligence, Emerging ... --> ) has announced the ... and Growth Strategies in the French Drugs ...
(Date:11/26/2015)... Research and Markets ( ) has announced the ... Type (Dressings, Therapy Devices, Active Wound Care), Application (Surgical ... Geography - Global Forecast to 2020" report to ... --> The purpose of this report is to ... advanced wound care market. It involves deep dive analysis ...
Breaking Medicine Technology: