Easy Ways to Save Money in Your Lab

There are a multitude of ways to save money when opening and operating a lab; some of which are easier than others. Below is a short list of easy ways to save money in your lab.

Investing in the right equipment

Depending on the type of research or testing you will be performing, investing in newer equipment may be a better option. Some newer equipment may have features, such as lab automation or higher energy-efficiency, which will save you both time and money. Also, if a particular piece of equipment is instrumental to what you’re doing, it may make sense to purchase that item from a supplier that offers a servicing and maintenance contract. Ensuring lab equipment is properly maintained will ultimately save you money in the long run.

Purchase used lab equipment

Once you’ve determined what equipment is essential to conducting your research, purchasing used lab equipment, rather than new, is one of the easiest ways to save money right off the bat. Resellers of used and refurbished lab equipment, such as The Lab World Group, offer clients a quality product at a discounted price.

Buy in bulk

There are certain supplies and consumables you’ll be using daily. Consider buying these items in bulk if possible. Setting up a standing order may also entitle you to a fixed rate for certain items. This not only ensures you won’t run out of items that are essential to your work, but will also make budgeting easier.

Find the right employees

Employing the right staff is essential for any organization, but in a lab hiring the wrong person can prove to be exceptionally costly. Be very thorough during the interview and hiring process. This will help ensure that you staff your lab with people that are not only a great fit for your organization, but who can also help you reach your goals, particularly in terms of productivity and desired outcomes.