Lasso procurement software tailored for the life sciences industry addresses the sector’s unique needs—such as sourcing specialized equipment, managing regulatory compliance, and ensuring supply chain precision for research, development, and production.

Regulatory Compliance:
Embed strict industry standards (e.g., FDA, GMP, ISO) into procurement workflows, ensuring materials, reagents, and equipment meet quality and safety requirements. Digital records simplify audits and validation.

Specialized Supplier Management:
Track and evaluate vendors supplying lab equipment, biologics, or raw materials based on certifications, reliability, and compliance history. This ensures trusted partners for critical inputs.

Precision in Sourcing:
Manage complex specifications—like purity levels for chemicals or calibration standards for instruments—with detailed purchase orders. This reduces errors and ensures fit-for-purpose procurement.

Timely Availability of Materials:
Coordinate procurement with research timelines or manufacturing schedules to ensure reagents, consumables, and equipment arrive when needed, preventing delays in experiments or production.

Enhanced Traceability:
Maintain end-to-end visibility of purchased goods—from supplier to lab bench or production line—with lot numbers, expiration dates, and usage logs, supporting quality control and recalls if needed.

Risk Mitigation:
Identify supply chain risks—like single-source dependencies for rare compounds or delays in equipment delivery—using analytics. Proactive planning keeps research and production on track.

Support for R&D Innovation:
Streamline procurement of experimental materials or cutting-edge technology, enabling scientists to focus on breakthroughs rather than administrative delays.

Data Security:
Protect sensitive procurement data—like intellectual property in supplier contracts or trial-related purchases—with robust user permissions and encryption, critical in a competitive industry.