Making the Best Use of Lab Resources: The Economic Opportunity of the Connected Circular Economy

Keeping lab products and materials in use is one of the hardest things to accomplish for an R&D lab manager. Thankfully, scalable exchange models exist today, thanks to data connectivity and new technology. Implementing an internal exchange network enables products and materials to be better utilized and helps individual lab managers save money and effort. Similarly, implementing a cross-organizational exchange network helps to reduce hurdles like user provisioning, access control, time to disposal, and category- and location-based sharing restrictions for lab managers, EHS, procurement, and sustainability professionals. A massive economic opportunity awaits those who can take advantage of structured cycling of lab resources and consumables.

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