Category Management is Critical
Pharmaceutical vendor category management involves organizing, assessing, and overseeing service providers to ensure compliance and performance.

VISION VENDOR PERFORMANCE
Streamline Vendor Management with Strategikon’s VISION Solution
Strategikon’s VISION solution centralizes vendor management, simplifying onboarding, qualification, and performance tracking for clinical trials. It enhances efficiency, reduces costs, and ensures better vendor oversight through automated workflows and real-time data insights.
Benefits
95%
VISION reduces vendor onboarding and qualification costs, saving hundreds of thousands in effort and manual labor.
Markedly
VISION automates vendor onboarding, reducing timelines from months to days, enabling faster clinical trial start-ups and improved project outcomes.
Category Management Complexities
Pharmaceutical companies often face significant challenges with vendor category management, particularly when it comes to finding, evaluating, and onboarding service providers for clinical trials. The complexity arises from having to manage multiple service categories, each with unique risks, capabilities, and evaluation needs. Vendor selection processes are often drawn out, as different departments—including procurement, clinical operations, finance, and IT—need to be involved. The lack of standardized processes for evaluating and categorizing vendors leads to inefficiencies, miscommunications, and excessive manual work. Most companies rely heavily on Excel and other fragmented tools to collect and compare vendor information, resulting in an overwhelming amount of manual data entry and review. Onboarding and evaluating a vendor can involve hundreds of hours of back-and-forth communication, as companies juggle questionnaires, surveys, and risk assessments across multiple teams. This leads to significant delays in project timelines and can cost companies hundreds of thousands of dollars in effort. Furthermore, as new technologies and clinical trial methodologies like decentralized clinical trials (DCTs) emerge, companies struggle to keep their vendor categories updated and relevant. Vendor portfolios often need refreshing, and with new service providers constantly entering the market, companies must balance the need for innovation with the challenges of maintaining vendor quality and performance oversight.
VISION Streamlines Vendor Oversight
To address these challenges, Strategikon’s VISION solution provides a comprehensive, configurable platform for vendor management, category management, and qualification processes. VISION streamlines the entire vendor onboarding and evaluation process, allowing pharmaceutical companies to categorize vendors across multiple services and manage risks effectively. The platform enables users to define custom workflows, scoring criteria, and weightings based on the specific needs of each vendor category. With real-time dashboards and automated scoring aggregation, VISION reduces manual data entry and allows for more informed, data-driven decision-making. By automating many of the processes previously managed through Excel and email, VISION simplifies communication between stakeholders and speeds up vendor qualification timelines. Additionally, it allows companies to maintain flexibility by refreshing vendor categories and integrating new service providers, keeping up with the fast pace of clinical innovation.
Faster Onboarding, Reduced Costs
After implementing VISION, companies have seen a 95% reduction in the time and cost associated with vendor onboarding and qualification. The solution has profoundly shortened qualification timelines, allowing companies to onboard vendors in a fraction of the time previously required. Real-time visibility into vendor performance and risk management has led to more strategic decision-making, improving both vendor relationships and overall project outcomes. Companies also report higher user satisfaction, as the intuitive interface and automation features significantly reduce the manual workload across departments. Furthermore, VISION has enabled organizations to stay agile by easily adjusting to new service categories and maintaining strong vendor portfolios, supporting faster innovation in clinical trials.

Modernizing Vendor Category Management
The complexities of vendor category management in clinical trials require modern, fit-for-purpose solutions like VISION. By streamlining the vendor onboarding and evaluation process, VISION not only reduces costs and manual effort but also improves efficiency and decision-making. Pharmaceutical companies can now keep pace with the evolving clinical landscape, ensuring they work with the best vendors to deliver successful trials while staying ahead of industry challenges.
See how technology simplifies the management of clinical service providers, covering areas from onboarding to capability assessment, overcoming challenges that cost the industry over $10 billion annually.
Benefits
95%
VISION reduces vendor onboarding and qualification costs, saving hundreds of thousands in effort and manual labor.
Markedly
VISION automates vendor onboarding, reducing timelines from months to days, enabling faster clinical trial start-ups and improved project outcomes.
See how technology simplifies the management of clinical service providers, covering areas from onboarding to capability assessment, overcoming challenges that cost the industry over $10 billion annually.
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