Sourcing Strategies
Effective vendor governance begins with a clear understanding of your Core/Non-core Strategy. Even if you cannot insource certain activities today, you should identify capabilities that are strategically important to build in-house over time, versus those that vendors can do well.
With thousands of vendors to choose from, TriRadial can help you navigate the landscape to identify vendors with the skills, footprint, cost and cultural fit for your organization. We can then help negotiate and onboard vendors for long-term success.
Learn how an emerging biopharma company and a Fortune 50 global life sciences organization approached their vendor sourcing and selection strategy process.
Vendor Sourcing Strategies
Learn how an emerging biopharma company and a Fortune 50 global life sciences organization approached their R&D vendor sourcing and selection strategies.
Vendor Selection
What are the criteria for determining the right model and securing the best ROI for your strategic R&D partnerships?
View this industry presentation to learn how to optimize and measure the results of your CRO partnership.
Vendor Negotiation and Contracting
TriRadial can help guide you through complex negotiations. We provide benchmarking for relevant outsourced services to help ensure you are getting value for your money. We often help clients achieve 15-20% savings based on budgets proposed by vendors. We help you make clear, informed decisions to get favorable terms and full transparency into your investment.
Learn more about our VendorSight 360™ expert team
Vendor Negotiation and Contracting
You know your product and the science behind it. You are squarely focused on driving your clinical programs to fruition. But now you are facing experienced negotiators from multiple, often large, vendor organizations.
TriRadial can help guide you through the back-and-forth of complex negotiations. We can provide benchmarking for relevant services to help ensure you are getting value for your money. We often save clients 10-20% off original budget amounts proposed by vendors. We help you to make clear eyed decisions, knowing that when you contract with the vendor, you have strong contract terms and transparency into the investments you make.
Learn more about our negotiation experts and benchmarking.
Vendor Governance
CROs and other R&D vendors can be seamless partners in your success if you establish the right governance structure and collaborative culture early. Throughout the vendor engagement lifecycle, we can help you implement risk-based, fit-for-purpose processes, tools and metrics to build trust, provide you peace of mind and demonstrate active oversight to regulatory authorities.
Learn about the key pillars of a sustainable clinical vendor governance process and how to build an effective vendor governance program in this industry presentation.
Vendor Management Tools
VendorSight 360™ includes inspection-tested tools that can help jumpstart your vendor oversight capabilities:
- RFP templates, bid grids and scorecards to facilitate easier vendor comparisons
- Dynamic dashboards
- ICH-compliant vendor oversight SOPs
- Risk assessment and categorization tools
- Vendor qualification checklists
- Vendor Oversight Plans, SLAs and Quality Agreement templates
Learn about some impactful KPIs to assist with Sponsor/CRO Partnership Optimization in this industry presentation.
Analytics, Metrics and Dashboards
Do you need to accelerate your clinical performance but are concerned you will lose control or increase compliance risks by outsourcing to CROs and other vendors?
Mitigate risks, increase transparency and improve accountability with TriRadial’s VendorSight offering for vendor selection, negotiation and governance.
Vendor Contracting
Perhaps the most critical and sensitive stage for a pre-commercial biopharma enterprise is being ready to move its clinical research assets from the lab into development. It’s the first time they may need to contract with third-party drug development services and the contracting process can be intimidating and even overwhelming.
Find out how one emerging biotech with a breakthrough vaccine therapy streamlined its vendor contracting process to meet quality and compliance standards, and brought its product to market in record time.
Vendor Management and Procurement Staffing
Learn how an early-stage life sciences company quickly elevated its clinical expertise and kept the programs moving forward.
VendorSight 360™ Provides:
- Increased transparency and accountability with vendors
- Risk-based approach to oversight and governance
- Scalable outsourcing capabilities, tailored to your organization
- Inspection-tested processes and tools
- Cost savings through expert vendor negotiators
TriRadial Solutions has been advising biopharma companies in the US, Europe and around the globe on growth strategies and accelerating clinical programs. We know that outsourcing is critical, so we help optimize vendor partnerships to protect and enhance the value of your clinical portfolio.
Industry Partnerships
