120 Cockeysville Road, Suite 204
888-644-6255 or 410-584-1039
IntraMalls LLC, a Hunt Valley, Maryland-based firm, is a niche player in the growth industry of Procurement Services Providers (“PSPs”). The Aberdeen Group, a leading research and consulting firm estimates that PSP revenues will grow from $4.8 billion in 2001 to $9.7 billion in 2005, representing a 19.3% compound annual growth rate (CAGR). PSPs offer outsourced procurement services to multiple clients using a common infrastructure. The industry is rapidly segmenting along functional and market lines. IntraMalls LLC is leveraging its deep domain knowledge, customer relationships and large supplier database, to target the $100 billion Life Sciences marketplace.
The IntraMalls difference is defined by our niche focus, depth of functionality and role as a Procurement Services Provider("PSP"). The list of IntraMall services includes hosting and maintenance of supplier catalogs, online shopping and transaction processing, automated purchase order/funds reconciliation, ad-hoc reporting and toll-free customer support.
Customers outsource these procurement functions due to traditionally poor internal controls, a lack of domain expertise, staffing constraints and in the interest of saving money. According to Aberdeen, firms that use PSPs save an average of 10% to 25% on direct materials and $40 to $80 dollars in overhead costs to process each reconciled purchase order. Aberdeen research also validates that hosted procurement solutions can be deployed 60% faster and at 40% lower cost than in-house solutions.
IntraMall's first customer was the National Institutes of Health ("NIH"), accounting for an estimated $2.0 billion (8 percent) of the U.S. market. The NIH is the single largest research and scientific supply buyer in the world. The NIH saved millions of dollars since the IntraMall began servicing their operations in August 1997. We are now offering these PSP services to corporations, universities, hospitals and government agencies purchasing life science products in fulfillment of their organizational mission. What can we do for you?
Last Updated: 07-08-03