Case Name :      Purchasing Consortium for the BMS Industry in Singapore

Authors :           Mei Qi, Siew Hwa Ong

Source :             Ivey Publishing

Case ID :            W12059

Discipline :        Entrepreneurship

Case Length :    06 pages

Solution Sample availability : YES

Plagiarism : NO (100% Original work)

Since November 2011, the director and chief scientist for Acumen Research Laboratories (ARL) had been conferring with Spring Singapore 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 as well as quality issues in the existing procurement practice in sourcing needed supplies and equipment. She believed that a centralized procurement structure and process among all members of the BMS industry in Singapore would be a more efficient practice and was finalizing a proposal, in April 2012, to Spring Singapore for initial funding to set up such a purchasing consortium. This consortium would be a new line of business for ARL.