This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

SciQuest Enterprise Reagent Manager Streamlines Chemical Ordering And Management

Stocks in this article: SQI

SciQuest, Inc., (NASDAQ: SQI) a leading provider of on-demand source-to-settle solutions, today announced the newest version of Enterprise Reagent Manager (ERM), the industry-leading solution for managing chemicals and materials used in research. ERM Version 7.0 enables research organizations to better manage inventory and comply with key industry standards, streamlining the purchasing process for reagents and supplies. SciQuest ERM is used in labs (ranging in size from tens to thousands of researchers) in the United States, Europe and Asia.

SciQuest ERM enables users to quickly find, source and track commercial chemicals and other critical research materials. By integrating with procurement platforms, ERM empowers researchers and other key staff to view supplier catalogs, preferred pricing, internal inventory and commercial databases through a single interface, increasing efficiency and visibility into spending and inventory. In addition, SciQuest ERM ensures regulatory compliance while managing the risks associated with hazardous materials. ERM 7.0 features an enhanced user interface for managing materials and Global Harmonization Standard (GHS) compliance for hazard material classification and improved container management.

“Research organizations are managing and using thousands of chemicals – many of them hazardous –with their own rules regarding storage and use,” said Tom Russell, general manager, Enterprise Solutions, SciQuest. “We’ve introduced a number of new capabilities in response to our customers’ feedback to help them acquire and manage research materials more easily, while simultaneously meeting the control requirements of oversight agencies like the DHS. Our solution is an integral part of any strategic procurement initiative, helping utilize and reduce inventory, while promoting strategic purchasing processes and suppliers for organizations of all sizes.”

New features in ERM Version 7.0 include:

  • Open architecture—ERM is migrating to a popular open-source application framework, providing a more stable, robust web service environment, and ensuring flexibility and scalability for future growth.
  • Core container and material data model and capabilities completely updated to align with current best practices, simplify and personalize user interfaces and facilitate integration with leading EHS content providers like 3E Company.
  • Improved support for grant-funded research—Items purchased for a particular project or under a specific grant may now be automatically reserved for use until released for use by others.
  • GHS compliance—ERM physical hazard classifications is fully aligned with the Global Harmonization Standard (GHS) classification of chemical hazards – a standard now being rolled out in Europe and Asia, and recently adopted by OSHA for hazard communication in U.S. workplaces.

“Increased regulatory oversight and evolving standards for environmental health and safety (EH&S) classification and communication mandates that corporate research and development (R&D) organizations — including research labs — be able to efficiently access and manage Material Safety Data Sheets (MSDS) and related product data,” said Chris Kraus, director, Strategic Alliances, 3E Company, a Verisk Analytics company (NASDAQ: VRSK). “Combining 3E Online ®-MSDS with SciQuest ERM provides our joint customers a valuable capability that helps manage large volumes of information. The capability supports both compliance and R&D initiatives, allowing customers to better focus on their core mission — research and innovation.”

To learn more about SciQuest’s ERM solution, please visit: SciQuest’s Tom Russell discusses ERM 7.0 and challenges facing researchers at SciQuest’s The Open Kitchen –

About SciQuest

SciQuest (NASDAQ: SQI) is the only company that puts the Power of Q into your supply chain. What is the Q? It is part philosophy, part partnership, and all about customers.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,164.95 -251.90 -1.45%
S&P 500 1,994.99 -26.26 -1.30%
NASDAQ 4,635.24 -48.1670 -1.03%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs