Unleashing Lab Excellence:
Some of the challenges faced in ensuring optimal laboratory performance today include:
- A myriad of data silos resulting in myopic decision making
- Manual reporting processes that cause unnecessary overhead
- Delayed reporting, which leads to missed opportunities
Performance analytics labs: A centralized data-driven approach
As the number and complexity of KPIs grow, manually optimizing them and maximizing operational performance becomes challenging. AI-enabled analysis techniques are now being adopted to mitigate this challenge and ensure continuous improvement in lab KPIs, moving towards optimized lab performance.
The role of AI-enabled optimization techniques and ML in laboratories
- Demand forecasting – Predictive analysis of historical data helps estimate and predict the demand for raw materials and consumables required in the lab, reducing procurement cycles and associated costs.
- Inventory management and optimization – Efficient demand forecasting results in efficient inventory management. Leveraging ML algorithms helps track consumable wastage and accurately identifies the factors causing it. This allows labs to take corrective actions, reduce inventory management costs, and ensure lab inventory optimization.
- Predictive maintenance for labs – AI can help identify anomalies in the expected performance and the potential downtime or chances of failure for lab instruments. This allows labs to plan for pre-emptive instrument maintenance and avoid operational outages caused by unplanned instrument downtime.
TCG Digital’s lab performance monitoring solution: Enhancing operational efficiency
An assortment of solutions for lab analytics include:
|Operational cost reduction
|Improved resource planning and scheduling
- Analysis of on-time completion and turnaround time for all requests
- Analysis of pending requests overdue and average delay statistics
- Analysis of completed tests to track on-time deliveries by client/sample or other dimensions
- Analysis of pending tests overdue and average delay statistics and trends
- Analysis of billed/un-billed turnover costs – trends, distribution and drill-down
- Cost analysis over invoicing item parameters – trends and drill-down
- Analysis of timesheet data, time tracking, and charge-outs by employees
- On-off specification count analysis
- Defect analysis with root cause analysis
Reimagine your lab’s performance monitoring: Improve KPIs, and optimize performance
TCG Digital’s innovative solutions are empowering laboratories to navigate the complexities of modern research seamlessly, providing better insights into process performance and facilitating performance optimization. Embrace the future of lab excellence with TCG Digital’s AI-powered lab performance-analytics solutions that not only offer a 360-degree view of lab operations but also provide transparency and better decision-making capabilities.
Want to know more about how to step up your lab performance? Write to us at firstname.lastname@example.org