Vendor Management Services by Seuss+
Get the most out of your vendor relationships, ensure compliance, and keep your trial on track.
Extend Your Team with Biotech Vendor Management Experts
65% of your trial funding goes to vendors. Shouldn’t they be managed as a priority? Seuss+ offers a dedicated team of experts to oversee your critical vendors, ensuring optimal performance, compliance, and cost-effectiveness.
We handle the complexities of vendor management so you can focus on what truly matters: advancing your clinical trial and achieving your milestones.
We manage communication and vendor performance, and we have the tough conversations needed to resolve complex issues, to ensure your trial continues to run smoothly. We document it all thoroughly along the way, reducing the risk to successful submissions by ensuring inspection-readiness.
From CROs to specialized suppliers, we can manage all your vendors, providing ongoing support and proactive issue resolution.
With our service, you’ll get:
- implementation and management of oversight plans
- negotiated change orders
- defined comprehensive KPIs and metrics
- setup of a fit-for-purpose governance structure
- issues are clearly escalated, any actions are communicated to all parties
- comprehensive compliance documentation including meeting minutes
- a comprehensive and tailored oversight model and toolkit
How Seuss+ Supports Biotechs and Sponsors with Vendor Oversight
Our vendor management services seamlessly integrate with your clinical trial governance structure.
We provide comprehensive oversight, ensure compliance, and mitigate risks at every stage of the vendor relationship.
We go beyond contract management.
We foster strong partnerships, facilitate transparent communication, and proactively address issues to keep your trial running smoothly.
Our expertise extends beyond vendor management.
We offer additional services such as financial tracking, budget management, and change order negotiation to ensure your trial stays on track and within budget.
Why Centralizing Vendor Oversight is a Strategic Imperative for Small Biotech
Discover How Vendor Management for Biotechs Works
Seuss+ offers comprehensive vendor management services, functioning as a flexible extension of your team. Whether you require immediate assistance or ongoing support, we are dedicated to efficiently managing your critical vendors to meet your needs effectively.
Centralizing vendor oversight with Seuss+ empowers your biotech to:
Maximize Efficiency
Streamline communication and decision-making.
Mitigate Risks
Proactively identify and address potential issues.
Ensure Compliance
Meet regulatory requirements and avoid costly mistakes.
Optimize Resource Allocation
Free up your internal team to focus on core competencies.
Improve Vendor Performance
Foster collaboration and accountability.
Frequently Asked Questions: Vendor Management for Life Science
Why can’t we manage vendors within our teams who are working with them anyway?
This is absolutely an option! Vendor management often falls to the functional teams, in which case it’s spread out through the organization rather than being centralized. The benefit of centralizing vendor management is having a clear overview of all your vendors, with all the documentation and communication consistent and compliant. This also frees up time for your team members, who can focus on other more urgent elements of their work.
Our quality department does vendor mapping, why do we need more support?
Vendor mapping is an important first step in vendor management, but it’s not everything. Once you have a clear overview of your vendors, you need to monitor their performance against clear and meaningful KPIs, communicate with them clearly and consistently, and ensure any issues or conflicts are escalated and resolved the right way – documenting everything as you go along.
Can I hire someone in-house to do this?
Yes, absolutely, and many companies have an internal vendor manager or a vendor management team. When you work with Seuss+, you get the benefit of a full, independent team of experts with knowledge that extends far beyond vendor management – our expertise extends to financial forecasting, budgeting, contracts and legal, escalation and governance, performance management, reporting and more. We work closely with your teams to ensure processes are embedded in your organization, and we can save significant costs in contract negotiation.
We have contracts, why do the vendors need managing?
Contracts are vital, but to make sure they’re followed in the right way, you need to continuously communicate and monitor vendor performance. From a risk perspective, leaving vendors to operate without oversight can leave you exposed, particularly when unexpected complications arise. To be compliant, as a sponsor you need to show you have oversight and control of vendors – simply having a contract isn’t sufficient. Effective vendor management can save you time and reduce costs, as well as giving you a better chance of success.
RELATED SERVICES
Ready to take control of your vendor relationships and ensure the success of your clinical trial? Talk to our vendor management experts today and discover how Seuss+ can be your trusted partner. Here are some related services:
Schedule a consultation now