Science Exchange

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What is Science Exchange?

 

Science Exchange is a supplier orchestration platform that simplifies purchasing, supplier management, and payment processing for life sciences, pharmaceutical, and biotech companies. The platform’s self-service app helps R&D teams achieve orchestration by enabling speed and compliance, while also giving scientists access to their network of 3,800+ contracted suppliers. 

Founded: 2011

HQ Location: California, USA 🇺🇸

Categories: Sourcing & Negotiation

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About Science Exchange

Science Exchange is the first purchasing and supplier orchestration platform for life sciences companies.

We’re on a mission to streamline and modernize the way R&D organizations and suppliers work together.

Our platform harmonizes purchasing, supplier management, and payment processing through one platform and digital marketplace.

Whether using our network of 3,800 suppliers with established contracts or syncing existing ones, a simple intake process enables scientists to purchase the services and products they need while workflows and integrations guide them through approvals and compliance requirements.

Product Strengths

  • Faster project execution: The platform eliminates delays caused by time-consuming contracting and approval processes, consolidating multiple procurement intake processes into one across all R&D categories and enabling faster project execution regardless of the complexity.
  • Lower R&D costs: Science Exchange automates and streamlines processes, eliminating the need for manual point-to-point maintenance of individual suppliers across systems and improving adherence to internal purchasing strategies, therefore reducing administrative expenses and direct R&D costs.
  • Access to 3,800+ trusted suppliers: Our single supplier agreement covers all orders with our supplier network. Every supplier in our network passes our risk intelligence screening and compliance assessments, so finding a trusted supplier is fast and easy—they’re ready to work with you from day one.
  • Improved compliance: With customizable legal and compliance workflows, all processes align seamlessly with regulatory requirements and internal policies. Increased visibility allows legal and operations teams to maintain better oversight and control without compromising speed.

Ideal Customer

  • Companies with over $500M / yr revenue

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