Cost Analysis

The High Cost of Procurement Processes (6x More Expensive)

AT
ATEK Team
ATEK Team
The High Cost of Procurement Processes (6x More Expensive)

In laboratories, blood banks, and pharmaceutical facilities, every second without adequate monitoring can result in enormous costs. Traditional procurement processes, which can take up to 24 months, delay the installation of critical systems and reduce organizational efficiency. ATEK offers a fast and economical alternative, providing a return on investment in just four months, minimizing indirect costs and accelerating critical implementation.

The Procurement Process Steps Include:

  • Needs Assessment and Quantification: This involves precisely identifying the technical and functional equipment requirements.
  • Budget Approval: Which often requires multiple revisions and adjustments to obtain budget authorization.
  • Specification Writing: Detailed development of specifications, often assisted by consultants or experts.
  • IT Team Approval: To verify that proposals meet standards and operational requirements.
  • Publication: Official launch of the procurement process followed by a waiting period during which vendors prepare their proposals.
  • Selection: Rigorous evaluation of received submissions to choose the most suitable vendor.
  • Implementation: Installation and commissioning of the equipment, which marks the end of the procurement process.

Indirect Costs Associated with These Delays Include:

  • Quality Loss: Delays in implementing adequate monitoring systems can lead to undetected temperature variations, compromising the quality of sensitive products such as medications or laboratory samples.
  • Product Loss: Without adequate monitoring, stored products can deteriorate, resulting in significant direct losses, particularly critical for expensive products or those essential to medical treatments.
  • Operational Efficiency Loss: Delays increase the time personnel must spend on manual temperature checks, reducing operational efficiency and increasing labor costs.

6x More Expensive

With a 4-month return on investment for an ATEK system and a 24-month timeline for procurement processes, the costs associated with procurement implementation delays can equal six times the cost of a monitoring system acquired directly.

Not Choosing is a Choice

Therefore, it is essential to have a monitoring system in place, just as every building is equipped with a fire alarm. The frequency and severity of potential losses of sensitive products make any delay not only risky but also economically unwise.

From 24 Months to 24 Hours

For a proven solution that is quick to deploy across Canada, ATEK ensures deployment in just 24 hours.

Ready to revolutionize monitoring at your facility? Contact ATEK today to install your monitoring system in less than 24 hours and see the benefits immediately. Don’t let delays generate additional costs for your organization.

Take action now!

💡 Did you know?

Peace of Mind for Your Critical Assets

ATEK's automated monitoring saved hundreds of thousands of vaccine doses during COVID-19 by providing complete temperature history - turning 'discard everything' into 'assess and decide.'

Share this article:
Back to all articles
AT

ATEK Team

ATEK Team

Expert in environmental monitoring, regulatory compliance, and cold chain management for pharmaceutical and healthcare industries. Passionate about helping organizations achieve compliance while streamlining their operations.

Start Today

Ready to Simplify Compliance?

See how ATEK's environmental monitoring platform can help protect your critical environments while streamlining regulatory compliance.