The Analytical Lab As Strategic Asset

Increased visibility of laboratory operations to management can be unnerving, especially for managers who have previously been more focused on the science than the business of the laboratory. To prepare for increased exposure, managers must develop a strategy and a realistic implementation plan to enable their operations to meet or exceed their organizations' demands.

Written byCozette Cuppett
| 7 min read
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Managers Need to Understand Existing Operational Capabilities and Requirements, Justify and Demonstrate Return on Investment, and Provide Detailed Implementation Plans

These days, laboratory operations are more visible than ever to management, whether they’re the organization’s shining star for profits or a capital expense black hole. If you are managing a lab and a budget, chances are you’ve gotten to know your organization’s purchasing and finance team—and they’ve gotten to know you—much better within the last year.

This increased visibility can be unnerving, especially for lab managers who have previously been more focused on the science than the business of the laboratory. Prepare for increased exposure and expectations of today’s management teams. Draw upon your experience and use the information at hand to confidently address budgetary, resource allocation, and other project management inquiries. Develop a strategy and a realistic implementation plan to enable your operations to meet or exceed your organization’s demands. Most important, deliver meaningful results. Position yourself so that your interactions across functions in the organization build your credentials rather than destroy your self-esteem.

Easier said than done. Begin by taking stock of your laboratory. Review your management’s expectations, factor in external influences that are out of your control, and determine how you’re going to deliver on your goals. Put yourself in a state of readiness so that you can recognize the short-term opportunities that will allow you to justify and drive a longer-term transformation of your laboratory into a strategic business asset—whether this means putting business systems in place to understand where to focus your efforts and assets or introducing forward-looking technology platforms to meet the needs of an ever-evolving business climate.

Get a clear picture of your current operations:
Assets and liabilities

Ongoing review of asset utilization and internal analytical process workflow is increasingly a way of life in the analytical laboratory. It’s necessary to plan strategic projects, justify capital requests, decommission assets, shift resources as necessary, and, in general, understand the facility’s operations.

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