VISION FOR SPONSORS
Streamline Vendor Management for R&D Success
Simplify complex and outdated Vendor Management processes
MARKET PROBLEM
Outdated Vendor Management Systems Create Inefficiencies
in R&D Operations
Biopharma companies face increased risk in managing vendor relationships due to disparate systems that fail to connect internal and external stakeholders to a unified category and performance monitoring process. With increasing regulatory pressure for vendor oversight and data-driven decisions, this fragmented approach wastes time and resources, making it difficult to comply to industry quality and oversight standards effectively.
Fragmented Ecosystem
Vendor contracts, bidding history, quality events, capability evaluations and financial data are scattered across multiple departments, systems and Excel trackers, making central vendor management ineffective and expensive.
Limited Vendor Performance Insights
Operational and quality performance is tracked primarily at the study level, limiting broader insights across projects, service categories and service providers portfolio.
Multiple Stakeholders
Vendor performance management is multi-dimensional; it involves procurement, outsourcing, IT, study team members, finance, quality assurance, subject matter experts, each operating independently and struggling to achieve greater transparency in communication.
Static Dashboards
Excel-based dashboards quickly become obsolete, hindering real-time decision-making for performance monitoring.
Time - Consuming Meeting Preparation
Governance meetings require hundreds of manhours from multiple stakeholders to compile relevant data. Typically, the governance decks and KPIs are calculated by the CRO and updated quarterly, reducing Sponsor’s control over the content.
OVERVIEW
The Essential Solution for Pharmaceutical R&D Vendor Management Needs
VISION is the first-to-market solution tailored for the pharmaceutical industry, focusing on enhancing category and performance management for R&D service providers. It offers a dynamic vendor database with advanced searched capabilities that enables users to create and maintain comprehensive profiles, streamlining the management of complex vendor relationships. This platform is customizable to meet the specific needs of small, medium, and large pharmaceutical sponsors and service providers, providing transparency and efficiency in managing R&D outsourcing activities.
One-Stop Comprehensive, Customizable Vendor Management
A streamlined, customizable solution that tracks contracts (direct, PTC, 3rd party) performance, sourcing history, and governance, offering extensive flexibility with tailored profiles, workflows, and access.
Dynamic Category Management
Empowers both Sponsors and Service Providers to easily manage comprehensive profiles, that is tailored by category and study.
Simplify Vendor Oversight and Relationships
Improve visibility, governance, and communication with streamlined tools for vendor performance management.
Workflow Driven Vendor Qualification and Evaluation
Targeted RFI and qualification survey capabilities, qualification workflows, alert system.
Insightful Risk Management Tools
Ability to manage vendor -related action items and risks to proactively anticipate potential non-compliance and deviations.
Integrated in Your Ecosystem
Consolidates vendor information into a single, accessible platform by connecting with external systems, such as generic sourcing, contract management, quality management (QMS) systems.
BENEFITS
Optimize Clinical Trials with Smarter Vendor Management and
Cost Efficiency
Strategikon’s VISION simplifies vendor management, reduces costs, and accelerates timelines, empowering sponsors to make data-driven decisions, improve collaboration, and optimize clinical outsourcing for faster, more efficient trial outcomes.
Accelerate Operations with Automated Solutions
Achieve over 90% reduction in manual tasks like Excel tracking, qualification management, and risk evaluation. This automation leads to a 90% decrease in data entry, streamlining processes and enhancing efficiency.
Achieve Complete Transparency in Vendor Management
Enjoy 100% visibility into study details and contracts with a centralized hub for vendor management, enabling comprehensive profile management, qualification tracking, and performance status for efficient oversight and collaboration.
Achieve Significant Cost Savings with VISION
Eliminate duplicate systems and reduce internal efforts while benefiting from low-cost SaaS maintenance. Experience over 75% reduction in the cost of centrally managing vendors, leading to substantial savings.
Streamline Communication for Enhanced Collaboration
Establish a single source of truth for all stakeholders by uniting critical data from various sources, enhancing vendor performance management across operational, financial, contractual, IT, security, and innovation aspects.
Enhance Quality with Proactive Risk Management
Achieve over 95% risk reduction and great visibility into “to do” vendor activities with comprehensive issue tracking and intuitive alert system, ensuring high-quality vendor management and compliance.
WHY CHOOSE US
Strategikon’s VISION: The Ultimate Vendor Management Solution
VISION offers an end-to-end, innovative platform that is unlike any other solution in the market in depth. Unlike point solutions, that track function, procurement, or quality specific vendor records, VISION takes a comprehensive approach, combining all the key elements of vendor performance management in addition to offering integration capabilities to point solutions. With dynamic features, it provides a centralized solution for R&D oversight, ensuring efficiency, compliance, and cost-effectiveness for pharmaceutical sponsors and Service Providers of all sizes.
Comprehensive Category Management
Empowers users to manage vendors and partners comprehensively, across all service categories and dimensions.
Dynamic Performance Tracking
Provides transparent insights into vendor performance and associated risks
Fit for Purpose Workflows
Users design their qualification and evaluation workflows, manage stakeholders and configure reporting to achieve greater visibility into partner performance.
RESOURCES
Explore Expert Insights and Resources for Clinical Excellence
Webinars
Technology for Fast, Accurate Planning and Budgeting
Leading biopharmaceutical sponsors trust PORTFOLIO for pipeline planning and budgeting with superior results and reported more than 10x Return on Investment.
Read more
Blogs
Driving Customer Success Through Governance: Transforming Pharma Vendor Management with AI Innovation
Effective vendor governance is essential to ensure operational success, cost efficiency, and regulatory compliance.
Read more
Case Studies
Streamlining Vendor Management: How a Leading Biopharma Company Found Success
Read more
DEMO
Request a demo
Discover how Strategikon’s advanced solutions can streamline your clinical trial operations. Request a personalized demo to explore how our tools transform budgeting, vendor management, and outsourcing efficiency for pharma and biotech.
