Valink Therapeutics Case Study: How MyAmici Streamlined Procurement for a Biotech
Learn how Valink moved from manual, founder-led purchasing to a streamlined procurement system with MyAmici. Discover how improved controls, cost savings, faster onboarding, and real-time spend visibility helped them focus on science, not admin.
How Valink Therapeutics Transformed Procurement and Accelerated Lab Efficiency with MyAmici
Working with Amici is exactly what we need in life sciences procurement, working at the cutting edge of technology. The cost-benefit analysis to partner with Amici has been a good decision, and they do a lot behind the scenes to ensure smooth operations. We can also now use our procurement data to accurately predict spend as we grow and seek further fundraising next year.
Customer Challenge
After spinning out from university, Valink’s founders realised the decentralized nature of procurement in the scientific field is a huge constraint for them. They aimed to further develop their science, which has shown potential in uncovering novel synergies against known drug targets.
Manually comparing prices for every lab item and restricting purchases to themselves to control budgets meant allocating more time to procurement than they had anticipated. This approach limited efficiency and strained resources, detracting from time needed for their scientific work.
Purchasing was limited to the founders alone to ensure control of budgets, which added additional administrative demands on their time. A software system that allowed permissions and approvals within set parameters was appealing, as it would help them adhere to built-in levels of control in their procurement processes.
Solution
Valink was introduced to MyAmici’s procurement solution by another company. MyAmici’s platform transformed their purchasing processes and allowed them to maintain smooth lab operations.
Gaining access to MyAmici’s group buying power proved to be the right decision in favour of their cost-benefit analysis. As new team members join Valink, onboarding is now more straightforward, helping scientists quickly obtain all the supplies they need.
Lab management is more efficient with streamlined processes, spend visibility, and access to reliable data on which to base investment and operational decisions.
MyAmici’s Solution
Methodical onboarding process
The implementation of the MyAmici procurement platform and the onboarding process exceeded Valink’s expectations. It allowed for smooth transitions and established robust purchasing workflows from day one.
Efficient customer service
MyAmici provided reliable support, from adding new suppliers to managing orders, allowing the Valink team to receive consistent, dependable service.
Group buying power
With MyAmici’s platform, Valink gained access to pre-negotiated prices on millions of items, eliminating the need for time-consuming individual negotiations and enabling them to benefit from broader cost savings.
Strong supplier relationships
MyAmici’s established supplier network allowed them to resolve any potential issues swiftly, avoiding disruptions to lab operations.
Real Results
Cost savings
While Valink initially had discount arrangements with their major supplier, partnering with MyAmici has delivered more significant overall cost savings across all required lab supplies.
Smooth operations
With MyAmici, purchasing is now a simple, streamlined process. The ease of procurement allowed Valink’s employees to track historical purchases for repeat spending with minimal back-and-forth.
Time savings
MyAmici manages supplier relations and ensures timely deliveries, saving Valink from the logistical demands of managing supplies on their own.
Enhanced control and reporting
With access to real-time data, Valink’s management team can monitor spending across categories, predict budget needs, and make data-informed decisions as they prepare for growth and future fundraising.
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