Enterprise organisations have never before been faced with so many threats, on so many fronts.
From mounting investor pressure and changing consumer demands, to global supply chain crises, rampant scope 3 emissions, and even a pandemic, recent years have seen the challenges to enterprise businesses grow and multiply.
In the face of these obstacles, procurement, supply chain and sustainability professionals find their work increasingly central to the survival of the business. It has never been more important to balance cost and quality, ensure supply chain continuity, and attract external innovation to promote business continuity and growth. What’s more, businesses are increasingly tasked with balancing this growth against the pressing sustainability agenda, with an urgent imperative to decarbonise our value chains, end-to-end.
Organisations cannot fulfil these new demands and retain competitive advantage without strengthening their ties to their supply chain, and forging deep collaborative relationships with key suppliers and partners. The time is now, and the stakes could not be higher.
A business is only as strong as its
supply chain. As intense volatility and disruption become more commonplace, organisations are looking for strategies to drive down risk and safeguard supply. Supplier Collaboration provides the security, visibility & agility required to ensure business continuity.
Consumers, investors, & legislators are demanding huge ESG progress from businesses. Given most corporate impact on both people & planet sits in the supply chain – including the vast majority of our carbon emissions – it's imperative that organisations collaborate with suppliers to meet these ambitious targets.
Externally sourced innovation is
typically commercialised faster and more cost-effectively than home grown ideas. Supplier Collaboration is the key to unlocking these benefits, granting privileged access to suppliers' subject matter expertise, existing IP, & future innovation potential.
"In a recent Gartner survey, 62% of the most mature procurement organizations highlighted that developing stronger, more collaborative relationships with their supply base is a top priority. The top benefits reported by respondents highlight cost and quality improvements, along with higher engagement in sustainability initiatives and priority access to scarce capacity"¹
Realise these benefits at speed and at scale through Vizibl’s unique blend
of platform governance, process methodologies, and professional services.
Move from cost savings to value creation, find efficiencies & new
ways to buy, and improve process
& product design.
Gain early alignment and jointly measure ESG initiatives, creating frameworks and joint action plans
across your supply chain.
Harness the expertise in your supply chain and beyond to turn growing business challenges into brand new opportunities.
Remove duplication of POCs, quickly commercialise externally sourced innovation, and maintain competitive advantage through new product introduction.
Through deep Supplier Collaboration in your most business critical relationships, proactively pre-empt and mitigate risk to main supply and secure business continuity.
Build strong, mutually valuable supplier relationships, grounded in shared vision & objectives, and enjoy the the priority access to strategic suppliers granted by ‘Customer of Choice’ status.
Work centrally and collaboratively on one platform, removing siloed ways of working. Replace them with a truly collaborative workspace that can be accessed by both your own team, and your key suppliers & business partners.
Manage relationships, complex organisational structures, joint business plans, accountability, shared objectives, and mutual value, all in one platform, allowing you to scale your Supplier Collaboration & Innovation program.
With both out of the box and custom dashboards, reporting and analytics, manage progress at a user level and create visibility at an executive level, to drive alignment and action around your business goals.
1 Source: Gartner, Follow Gartner’s 4-Step Framework to Implement an Effective Supplier Collaboration Strategy, Miguel Cossio, 2 February 2021.
Gartner is a registered trademark of Gartner, Inc. and/or its affiliates in the U.S. and internationally, and is used herein with permission. All rights reserved.
Organisations are increasingly turning to Supplier Collaboration to address critical challenges to the business. Close collaboration is crucial to attaining much sought after ‘customer of choice’ status with key suppliers. This dynamic offers privileged access to a variety of benefits from a key supplier including; improved cost & quality management, early access to existing IP and future innovation, sustained supply in times of shortage, and co-operation with supply chain sustainability initiatives.
Get the paper Vizibl is a digital procurement platform that allows global organisations to unlock the true value of their supplier relationships.
Our enterprise-ready technology enables you to align key suppliers and partners around your business objectives, collaborate
seamlessly on complex projects, source innovation from your supply base, and track ROI to prove the true value of your work.
Whether you're looking to mitigate supply chain volatility, meet ambitious sustainability commitments,
harness innovation for new product introduction, or address growing business challenges with transformative new solutions,
do it all on one platform, all Vizibl.
Optimise operational relationships by establishing global supplier governance, aligning on relationship objectives, and getting full visibility of all relevant information from one central location.
Drive collaborative relationships with internal stakeholders and external partners in one place, in real time, on the projects that support your organisation’s most critical business goals.
Power transformational relationships, drawing on your extended ecosystem to gather ideas and innovation from your existing & emerging suppliers through Vizibl's Innovation Hub.
Nurture sustainable relationships byrobustly baselining, measuring, managing, and improving suppliersustainability performance with programmes aligned to your strategicgoals.
Take a deeper dive into Vizibl's Supplier Collaboration & Innovation platform, and learn how you can leverage the power of Supplier Collaboration & Innovation to drive sustainable business growth.
Get the PDF Vizibl's consulting-led approach delivered by our team of industry experts empowers your team to uplift
their own skills and capabilities and pursue long-term change management, positioning you to become "Customer of Choice" with key suppliers & partners.
Designed to kick off your Supplier Collaboration programme, give you a clear idea of your baseline performance, and lay the foundations for future success, Vizibl Activate focuses on driving alignment between stakeholders, building awareness of the core principles of successful Supplier Collaboration, and showcasing the positive impact your programme will deliver.
During the Accelerate phase of your Supplier Collaboration programme, we will focus on building your knowledge and capabilities, upskilling your team, and establishing robust processes at the heart of your procurement function. Together, this will enable you to build "customer of choice" relationships with key strategic partners and embark on a roadmap of collaborative activities.
Through Vizibl Achieve, our team will ensure you remain on track to deliver against the strategic goals you outlined in the Activate phase across the first three years of your Supplier Collaboration & Innovation (SC&I) programme. Through ongoing mentoring and by embedding collaborative ways of working into every facet of your team, Vizibl Achieve turns SC&I into BAU.
With the business landscape becoming ever more competitive and the lifespan of large organisations dwindling, it has never been more important to tap into the expertise hidden in our supply chains. In this article we give you our top eight tips for fostering supplier innovation in your procurement function.
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