SRM comes with proven benefits for efficiencies, cost reductions, agility, and resilience, yet procurement frequently lacks the information and governance required to make the most informed and effective decisions about their relationships. Siloed, offline ways of working and fragmented data sources lead to difficulty accessing information, and managing relationships becomes a slow, friction-filled process. Robust relationship management becomes impossible to achieve at scale.
Vizibl's Supplier Relationship Management provides one centralised information repository for all relationships at the touch of a button, allowing you to implement transparent, standardised processes underpinned by real-time, single source of truth data.
Robust management provides the foundation for more valuable supplier relationships, helping find new efficiencies, uncover further cost reductions, drive innovation potential, and mitigate risk.
Effective supplier relationship management technology streamlines procurement processes and allows for better quality communication and the sharing of feedback and ideas to optimise the workings of the relationship.
Consolidating supplier information & performance data finds new time & resource efficiencies which free up capacity. Improved supplier relationships can negate the need for costly re-sourcing, & bring cost savings under the ethos of mutual benefit.
Full visibility over your supplier relationships allows you to identify potential issues before they arise, make proactive course corrections to maintain good performance, and find the right person to contact instantly.
Establish, govern, and optimise key supplier relationships, all in one place. Build a joint vision and account plan with key suppliers, supported by shared, measurable objectives. Access up to date information, implement consistent processes, and drive robust people governance to find time and resource efficiencies. Track and manage supplier performance quantitatively in real time, ensuring you’re driving the most up to date insights to support continuous improvement.
With Vizibl’s Circles, Teams, and Org Tree functionality, you can map organisation and team structure on both buy and supply side, providing visibility over stakeholders across multiple geographies and OpCos.
View all information about a supplier or partner in one place, from goods and services provided to contract terms, costs, or risk and performance data. Pull in data from anywhere, or request updates from the supplier directly.
Build the foundations for true collaboration by establishing a shared vision with each strategic supplier, documenting your guiding principles and intended behaviours to stay on track delivering against the goals of the relationship.
Support your shared vision with shared strategic objectives. These measurable goals can be attached to projects and reporting elsewhere in Vizibl, ensuring that the work you embark on together stays focused on achieving what you set out to do.
Remove friction from fragmented, incomplete data by consolidating everything in one place, available on desktop and mobile, from anywhere. With custom permissions and enterprise-ready security architecture, your centralised data is always safe in Vizibl.
Vizibl ends the one-sided nature of SRM, allowing suppliers to contribute to the objectives and vision of the relationship and view their own performance, strengthening the relationship and supporting your journey to becoming Customer of Choice.
“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 at AstellasRead Astella Pharma's story