Revolutionizing Lab Operations with AI-Driven Inventory Management System

Streamlined Inventory Solutions for Life Sciences Procurement

Labviva, a leader in AI-powered procurement for life sciences, has officially launched its automated Inventory Management System (IMS). Designed to simplify inventory management for pharmaceutical companies, universities, and research labs, the IMS helps organizations manage internal and external stock more effectively, providing real-time visibility and advanced automation.

With a highly customizable interface and seamless integration into existing procurement systems, Labviva’s IMS stands out as a solution for improving lab efficiency. The platform provides access to 15 million SKUs from 8,000 manufacturers, making it easier to track, manage, and replenish lab supplies. From procurement professionals to lab scientists, users can now automate inventory workflows, optimize purchasing decisions, and enhance transparency in supply chain management.

Key Features of Labviva’s IMS:

  • AI-Powered Purchase Automation: Leverage machine learning to forecast inventory needs and streamline purchasing.
  • Intuitive UI: Customizable inventory workflows for better lab-specific management.
  • Actionable QR Codes and Barcodes: Simplify the process of purchasing or reordering items.
  • Real-Time Product Offers: Gain instant access to supplier pricing and automated replenishment options.
  • Enhanced Regulatory Compliance: Align inventory workflows with safety and compliance rules specific to each research area.

By integrating with systems like SAP Ariba, Microsoft Dynamics 365, and Oracle Procurement Cloud, Labviva’s IMS ensures a seamless flow of data and helps labs stay on top of their supply needs. This user-friendly platform is transforming how life sciences organizations manage supply chains, saving time and money while driving innovation in research.

This article is a summary of a published press release provided by Labviva