Yes; a laboratory information management system is designed to improve the productivity and efficiency of your laboratory at every level. In a recent survey we conducted, over 100 customer respondents stated that they saw an average of 50%-70% increase in productivity throughout the lab after implementing their LIMS. Increased productivity was achieved through small tasks, such as implementing barcoding to reduce the amount of time it takes to enter data or to find an item. In the long run, this reduces the time it takes to prepare for an audit from weeks to hours.
Most lab managers find that a LIMS also improves performance by guaranteeing a higher level of data accuracy and quality control, thanks to automations designed to reduce or eliminate human errors.
When looking at lab performance strictly from a cost perspective, the impact is also significant: our same recent survey found that labs implementing LIMS solutions typically see a return on investment in 1-3 years. When coming from a manual paper environment, the ROI is seen in one year or less.