Innovation is key to enabling future success, and leading companies realise that supplier innovation holds the potential to unlock huge growth for organisations.
But managing supplier-enabled innovation at scale is hard to achieve. That’s where Vizibl comes in.
Between 60-80% of a company's innovation typically comes from their supply base. Today, most leading organisations utilise supplier innovation management to leverage the power of their supplier ecosystem to increase their own organisations innovation performance.
And supplier-enabled innovation offers significant benefits. Buyers can leverage the domain knowledge and unique insights of existing suppliers who are experts in their field at lower cost vs sourcing innovation on the open market. This can result in driving down costs and improving time to market, savings or top-line growth. Initiatives can be as simple as small incremental efficiency improvements through to launching new products, new market entry opportunities and even enhanced brand value.
Harnessing supplier innovation at scale is difficult and it requires a different more transparent, collaborative way of working together with suppliers. With current manual ways of engaging with suppliers this is not feasible and represents a significant commercial and competitive risk.
With Vizibl you can manage the end-to-end innovation process with suppliers, from idea capture and strategic alignment, all the way through to standardised project management and innovation analytics. Companies can deploy an appropriate level of governance to deliver increased innovation in less time with less risk and reduced duplication of effort.
Vizibl transforms your supplier-enabled innovation from an art, into a science.
Leverage the unique insights of suppliers to source informed and cost-effective innovation for your business.
Vizibl enables you to capture ideas and opportunities from your supply base at scale, and easily transform those into fully fledged collaborative projects.
Managing projects is hard work. Managing supplier projects and ideas at scale is even harder.
With Vizibl you can scale co-project innovation management with key suppliers and internal stakeholders to increase the success, speed and overall rate of innovation.
Vizibl continuously optimizes the health and progress of projects so that you can quickly see where there are bottlenecks.
Measure progress towards key innovation goals and track value creation over time on every project.
Vizibl's powerful reporting dashboards allow you to manage your innovation pipeline across all work streams, track impact and forecast future growth.
