SciQuest's deep understanding of its served vertical markets combined with abroad supplier network and intuitive online shopping experience increase userand contract

SciQuest's deep understanding of its served vertical markets combined with abroad supplier network and intuitive, online shopping experience increase userand contract adoption while improving operational efficiencies. Headquartered in Stamford,Connecticut, Archstone Consulting has offices in Amsterdam, Chicago, New York,San Francisco and Toronto. For additional information, please visit us at SciQuestSciQuest's procurement automation and supplier enablement solutions empowerleading organizations to realize the potential of strategic procurement. Thecompany's specialized knowledge, on-demand software, and service-firstapproach enable public and private enterprises across the globe to managespend, drive ROI, and advance their critical missions.

ArchstoneConsulting helps companies restructure and reduce their costs, while improvingtheir business processes and operations. Download yourcomplimentary copy of "Ten Steps to Lower Procurement Costs in Life Sciences"at About Archstone ConsultingArchstone Consulting is a leading Strategy and Change, Operations and CFOAdvisory management consulting firm, specializing in the consumer products,retail, life sciences and general manufacturing industries. "Organizationsthat take a strategic approach to procurement not only experience numerousprocess efficiencies and significant cost decreases, but they also have thefoundation for long-term financial wellness."Is your organization currently building a competitive presence that is readyto overcome the economic hardships - and exploit the economic opportunities -of the coming year? Procurement leaders have the power to make an impact ontheir organization's bottom line in only a matter of months. The actions do not require execution in anyorder and can typically be accomplished with little or no additional staff,overhead or need for significant capital."On average, six dollars of revenue growth must be generated to match theprofitability impact of a single dollar of procurement savings," stated KenRoy, Vice President of Sales for Life Sciences at SciQuest.

"Asthe life sciences industry continues to face a myriad of pressures,procurement is one area that can help organizations control costs whileensuring researchers have quick access to the supplies they need to besuccessful."Featuring 10 steps that procurement leaders can implement now to deliver valueand bottom line results before year's end, the article provides guidance infour areas: sourcing, governance and compliance, supplier relationshipmanagement, and self funding. Actions Your Organization can take to Drive Bottom Line Results in only FourMonthsCARY, N.C., July 16 /PRNewswire/ -- SciQuest, Inc., the global leaderempowering enterprises to realize the potential of strategic procurement, andArchstone Consulting, a leading management strategy and operationsconsultancy, today announced the availability of a jointly written article,"Ten Steps to Lower Procurement Costs in Life Sciences.""The economic downturn has hit the life sciences industry particularly hard,and we are pleased to share several actions these organizations can take thatwill have a positive impact on the bottom line," stated Michael Eckstut, aPrincipal and the Life Sciences Practice Leader at Archstone Consulting. They also serve onseveral NIH advisory boards that write guidelines for treatment of thosediseases.SOURCENational Jewish HealthWilliam Allstetter, National Jewish Health, +1-303-398-1002,. It recently opened its MinimallyInvasive Diagnostic Center, Institute for Advanced Biomedical Imaging((R)),Center for Genetics and Therapeutics, and Integrated Bioinformation andSpecimen Center.National Jewish Health has also expanded to locations in Highlands Ranch,Englewood, Broomfield, Aspen and Vail.National Jewish Health physician/researchers participate in many NationalInstitute of Health studies in basic immunology, translational research, andclinical evaluations of new and existing treatments for asthma, chronicobstructive pulmonary disease and other lung diseases. "As the nation debates comprehensive healthcare reform, we believe thatcoordinated care among healthcare professionals, and the practicalimplementation of preventive and personalized medicine will provide patientswith the best, most comprehensive care possible." said Dr Salem.