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Maximizing Your Laboratory’s ROI

For the Laboratory Director (LD) or Principal Investigator (PI) operating a laboratory in the clinical, life sciences research, analytical or environmental testing market is a difficult business at best these days. Assuring the availability, reliability of results and economic survivability of the laboratory is management’s goal. Realizing a cost savings improvement of $25,000 per year or more for each key instrumentation system in service is highly desirable. The operating savings from increased efficiency, reduced instrumentation system down time and unplanned service calls drops right to the laboratory’s bottom line. Capital improvements to the laboratory’s operation that yield Benefit to Cost ratios approaching 10:1 with an attractive ROI (Return on Investment), are the attributes of very smart laboratory management. The true benefit to the laboratory operation comes when the expected ROI and Benefit to Cost ratios for the improvement are achieved. Managing the operational details and critical utilities are the key elements in a smooth running laboratory operation.

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