CATEGORY

Lab Supplies

Beroe LiVE.Ai™

AI-powered self-service platform for all your sourcing decision needs across 1,600+ categories llike Lab Supplies.

Market Data, Sourcing & Supplier Intelligence, and Price & Cost Benchmarking.

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Lab Supplies Market Monitoring Dashboard


Supply Demand

Understand the correlation between costs, margins, and prices impacting your category on a real time basis on Beroe LiVE.Ai™

Lab Supplies Industry Benchmarks


Savings Achieved

(in %)

The average annual savings achieved in Lab Supplies category is 12.00%

Payment Terms

(in days)

The industry average payment terms in Lab Supplies category for the current quarter is 57.5 days

Compare your category performance against peers and industry benchmarks across 20+ parameters on Beroe LiVE.Ai™

Category Strategy and Flexibility

Engagement Model

Supply Assurance

Sourcing Process

Supplier Type

Pricing Model

Contract Length

SLAs/KPIs

Lead Time

Supplier Diversity

Targeted Savings

Risk Mitigation

Financial Risk

Sanctions

AMEs

Geopolitical Risk

Cost Optimization

Price per Unit Competitiveness

Specification Leanness

Minimum Order Quality

Payment Terms

Inventory Control

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    Lab Supplies Suppliers


    13,894
    Total Suppliers
    689
    Diverse Suppliers
    56
    Normalized Supplier Rating
    Lab Supplies Supplier

    Find the right-fit lab supplies supplier for your specific business needs and filter by location, industry, category, revenue, certifications, and more on Beroe LiVE.Ai™.

    Sample Supplier
    Company
    MERCK KGaA
    Location
    Jackson, Mississipi
    Duns number
    3862211

    D&B SER Rating

    dnb logo

    Up to 3 months

    1 9
    1
    Low Risk High Risk

    The Supplier Evaluation Risk (SER) Rating is Dun & Bradstreet’s proprietary scoring system used to assess the probability that a business will seek relief from creditors or cease operations within the next 12 months. SER ratings range from 1 to 9, with 9 indicating the highest risk of failure. We’ve prepared an infographic to help business owners better understand what influences their SER Rating.

    Moody`s ESG Solution
    ESG Profile

    Company and Sector Performance
    54

    100
    Robust (1)
    ESG Perfomance (/100)
    Environment
    50
    Social
    64
    Governance
    44
    6 Domains Performance (/100)
    Business behaviour
    55
    Human rights
    71
    Community Environment
    63
    Corporate governance
    43
    Human resources
    57
    Security Scorecard
    79

    Threat indicators
    C
    77
    Network Security
    Detecting insecure network settings
    A
    100
    Hacker Chatter
    Monitoring hacker sites for chatter about your company
    B
    80
    DNS Health
    Detecting DNS insecure configuration and vulnerabilities
    F
    49
    Application Security
    Detecting common website application vulnerbilities
    A
    100
    Endpoint Security
    Detecting unprotected enpoints or entry points of user tools, such as desktops, laptops mobile devices, and virtual desktops
    A
    100
    Cubic Score
    Proprietary algorithms checking for implementation of common security best practices
    B
    89
    Patching Cadence
    Out of date company assets which may contain vulnerabilities of risk
    A
    100
    Social Engineering
    Measuring company awareness to a social engineering or phising attack
    A
    100
    IP Reputation
    Detecting suspecious activity, such as malware or spam, within your company network
    A
    100
    Information Leak
    Potentially confidential company information which may have been inadvertently leaked

    Industry Comparison
    merckgroup.com
    Industry average
    Adverse Media Appearances
    Environmental Issues
    0
    Workforce Health Safety Issues
    0
    Product Service Issues
    9
    Human Rights Issues
    1
    Production Supply Chain Issues
    0
    Environmental Non Compliance Flags
    9
    Corruption Issues
    0
    Regulatory Non Compliance Flags
    11
    Fraud Issues
    3
    Labor Health Safety Flags
    2
    Regulatory Issues
    8
    Workforce Disputes
    1
    Sanctions
    0
    esg energy transition
    53
    Discrimination Workforce Rights Issues
    0
    esg controversies critical severity
    No

    Lab Supplies market report transcript


    Activated Lab Supplies Market Outlook:

    Global Lab Supplies Market(2020): $35.4 Billion
    CAGR: 4-5 percent

    Market Drivers:
    • Continuous demand from the pharma industry
    • Stable demand across all regions
    • Demand of personal protective equipment has increased

    Porter's Analysis on Lab Supplies

    Supplier Power

    • Supplier power is on the higher side as supply base for laboratory supplies is consolidating due to the inorganic growth potential of the market

    Barriers to New Entrants

    • The initial set up cost for supplies manufacturing facility is on the higher side. Setting up a facility that can manufacture large lab supplies on a large scale is very challenging
    • The regulatory requirements and other technical complexities related to the set up of a lab facility is on the higher side

    Intensity of Rivalry

    • Intensity of rivalry is medium, as each supplier has products that would suit different requirements of the buyer

    Threat of Substitutes

    • Threat of substitutes is on the medium side, as some of the supplies can be replaced or improved with automation, as new technologies and designs are emerging

    Buyer Power

    • Pharmaceutical buyer power is on the medium side. Buyers are also focusing on consolidating their supply base to save cost in procurement