Against the background of unprecedented turbulence in the business landscape, it comes as little surprise that corporate longevity is dwindling fast; around half of all S&P 500 companies are predicted to be replaced in the next ten years, with 1964’s average 33 year lifetime of a business projected to shrink to just 12 years by 2027.
In this environment, enterprise organisations must work harder than ever to safeguard their competitive advantage.
To do so, smart enterprises are leveraging Supplier Collaboration and Innovation principles to drive business growth. By building deep, mutually-beneficial relationships with key suppliers, leveraging collaborative project work to meet emerging challenges, and leveraging supplier innovation to uncover new revenue streams, mature procurement organisations can use the organisation’s supplier relationships to deliver on strategic growth goals. And with the centralisation, visibility, and robust governance provided by the Vizibl platform, they can do so systematically and at scale.
Whether it’s new product introduction, or maintaining and growing competitive advantage in uncertain market conditions, smart enterprises leverage Supplier Collaboration & Innovation to drive competitive advantage and convert innovation opportunities into business opportunities.
Build strong, mutually valuable supplier relationships, grounded in shared vision, shared objectives and mutually beneficials goals, to uncover growth opportunities for both your organisation and for your suppliers.
Collaborate to innovate
Gain priority access to growth through your supplier ecosystems with highly aligned and deeply collaborative supplier relationships which unlock the “customer of choice status” that grants priority access to supplier innovation for growth.
Sustainable business growth
Drive long term business success through repeatable, responsible growth that puts the interests of your business, those of your suppliers, and the communities that you both serve at the centre of your growth strategy.
Vizibl’s Supplier Collaboration and Innovation solution empowers your team through our powerful combination of platform and enablement services. Our experienced team of strategic consultants help you activate, accelerate, and achieve your growth targets, whilst our digital platform provides the governance, process, and reporting to demonstrate the value you’re driving for the wider business.
Your supplier ecosystem represents your most agile and promising route to growth. Establish a portfolio of opportunities and invite suppliers to collaborate. As great ideas can come from anywhere, the Vizibl application also enables you leverage open innovation to expand this portfolio.
Get access to a centralised, global view of your innovation opportunities, govern and triage your proofs of concept through pre-configured stage gates of the innovation lifecycle, and effectively pool your time and resources into the projects that will drive value to your business.
Convert your most promising opportunities into active projects and collaborations in Vizibl, and link them to value trackers to actively monitor, measure, and manage these opportunities throughout each stage of the innovation lifecycle.
Vizibl’s ‘Activate’, ‘Accelerate’ and ‘Achieve’ programmes can be fully customised to the needs of your organisation. If growth sits at the heart of your strategic needs, our team will tailor your programme to ensure you can effectively access supplier capacity and innovation potential to extract new value.
Vizibl’s systematic, multidimensional approach to data and analytics enables you to build reports and dashboards that provide centralised organisation-wide visibility of your entire end-to-end innovation process from ideation to innovation, to value back to the business.
Our digital procurement platform enables global organisations to place collaboration, innovation & sustainability at the heart of supplier relationships. 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. All on one platform, all Vizibl.
Establish, govern, and optimise key supplier relationships, all in one place. Build a joint vision and account plan with key suppliers, supported by shared business plans, measurable objectives and mutually beneficial outcomes.
Collaborate with internal stakeholders, external suppliers, and extended business partners in one place, in real time, on active, collaborative projects that help you deliver on your organisation's biggest goals.
One central location to source, develop, manage, & measure supplier innovation. Customisable initiatives, opportunities, stage gates, and projects allow full freedom to define and manage your innovation challenge.
Measure, align, collaborate, and transform your supplier sustainability performance, all in one place. Leverage powerful CDP and SBT frameworks alongside your own custom frameworks, and transform data into action.
“Vizibl has given us the ability to closely align our global procurement team and our strategic and preferred suppliers to the Astellas corporate strategy in order to drive mutual business value. Not only have we improved relationships, performance, and outcomes with our suppliers, we’ve driven better, active, collaborative relationships within our own enterprise – enabling procurement to achieve valued business partner status in the Astellas business.”
Paul O’Neill, SVP Global Head of Procurement, AstellasRead Astella Pharma's story