• EBG | Webinar
  • EBG | Play
  • EBG | Summit
    • CPO Outlook 2022
    • Sourcing Outlook
    • Source 2 Pay Summit
  • EBG | Insight
  • EBG | Business Directory
  • About EBG | Network
    • Contact EBG | Network
    • Networking with EBG | Network
    • Privacy Policy

EBG | Network

Procurement and Finance Outlook Intelligence

Kate Vitasek join Sourcing Outlook 2020

September 1, 2020 By ebgnetwork

Spread the word

Kate Vitasek join Sourcing Outlook 2020

Since the beginning of the pandemic, EBG have considered what is happening with buyer-supplier relationships. For years now EBG have shared and focused on ways to collaborate. To ensure both parties in business relationships are equals. That win-win and common desired outcome are the driving forces in as many business relationships as is possible.

Then came a pandemic. Disrupting supply chains, cutting supplies, keeping people apart. Sending many businesses into paths where the very existence and what to produce and sell is questioned. Short and long term.

EBG have shared the Vested business model and methodology for several years. It was a while though and the question came to mind – what happen to win-win when a global crisis hits the market? EBG are thrilled to share a session with Kate Vitasek, Faculty – Graduate and Executive Education, University of Tennessee & Author, educator and architect of the Vested business model at Sourcing Outlook! Few people are as inspirational and can explain future ways of collaborating as to the point.

On October 8th we will find out and You can join where ever you are. Sourcing Outlook will be an entirely online experience – enabling peers and experts from across the globe to come together. Even though we cannot meet in person, we can meet online. We can exchange first hand experiences and we can network and discuss from behind our desks.

Join us on October 8th to take part in the below session:

How are your supplier relationships and contracts holding up – are you reaching your desired outcome?

It is reasonable to think that many businesses have found that alone is not strong. That during the pandemic supply chains have been heavily stress tested. Entire product lines have been cut, re-designed and even re-modeled. How can you adjust if your contracts mainly focus on who’s to blame when something goes wrong and not on what your common desired outcome is?

As the need to be agile, to be innovative and to adapt to a possible new normal. Suppler relationships and collaboration will be in focus. But how? How do you start thinking and acting differently? Here you will get some food for thought and practical advice!

EBG have shared the Vested model framework and principles over the years. Now it will be interesting to learn from Kate Vitasek. How the win-win based, trust focused business model and methodology are holding up during a global crisis.

For those of you who do not know what Vested is, this will be explained too. From a Harvard Business Review article written by Kate and others we read “When Dell and FedEx reached their breaking point, they chose to abandon their existing contracting process and create a formal relational contract that specified desired outcomes and defined relationship-management processes at the operational, management, and executive levels. In the first two years, Dell and FedEx were able to reduce costs by 42%, scrap by 67%, and defective parts per million to record-low levels. Both companies now consider the contracting approach a best practice and have applied it in other relationships.” 

What was the breaking point? How did they and other companies change their mindset and ways of working? How do you evaluate which of your contracts should be re-visited and re-aligned?

Join Sourcing Outlook today to find out more!

About Kate Vitasek

Kate’s current passion is the pioneering work she’s leading in Vested and Vested Outsourcing at the University of Tennessee. Vested stems from award-winning research by the University of Tennessee funded by the United States Air Force to find a “better way to outsource.”

The Vested® business model allows companies to focus on desired outcomes and shared values to create an arrangement that is mutually beneficial for each. Rather than the “What’s in it for Me” mentality of traditional agreements, Vested’s “What’s in it for We” mindset invests both parties in the success of each other’s overall business, which in turn strengthens the sense of partnership and encourages a more lasting relationship. By sharing expertise and aligning their goals, both parties are able to drive innovation, adapt to changing needs, and mitigate risk while working towards mutual success. Many well-known companies have adopted a Vested framework, including Microsoft, McDonald’s, and Procter & Gamble.

Vested is part of a book series published by Palgrave Macmillan. It has also been featured in more than 300 articles in traditional media outlets such as Forbes, Business Week, CIO Magazine, NRP, and The Wall Street Journal, as well as in numerous trade publications like Globalization Today Magazine, Outsource Magazine, SupplyChainBrain.com, Warehousing Forum, Supply & Demand Chain Executive, Logistics Viewpoints, and IT Business Edge.com.

Vested was named one of “Outsourcing’s Top 2012 Trends” by Globalization Today, one of the “Top 50+1 Most Influential 2011 Trends” by The World Trade Magazine, and one of the “Tops Trends in IT Services” by Vanguard Marketing International, Inc.

About Sourcing Outlook

Business relationships have never been more important. Internal and external. How can we learn from each other during a pandemic stopping us to meet in person? We meet online.

Not “just” to listen – but to also discuss with each other. To connect across the screens via which we log on. There are so many competences and EBG are working hard to enable face to face interaction and discussions!


Spread the word

EBG | Network was founded in 2010. A cross functional, end-to-end business network focusing on improved sales and forecasting, increased spend under management and financial supply chain control. EBG bring people together online and in person who can help each other grow and develop.

Photo EBG | Network

>>Download the EBG Services Overview to learn more about what we do

EBG is managed by Anna & Lars – partners in business and life. Contact us today with any type (business) related questions! Contact us using the LiveChat function below.

Anna & Lars are partners in business and life. Together we run EBG bringing together peers and experts in an informal yet to the point way.

Anna Bjarkerud

Anna Bjarkerud

anna@ebgnetwork.com +46 735819302

Anna & Lars are partners in business and life. Together we run EBG bringing together peers and experts in an informal yet to the point way.

Lars Bjarkerud

Lars Bjarkerud

lars@ebgnetwork.com +46733500343

Find what you are looking for

CPO Outlook 2023 | October 18th & 19th | Stockholm

Having enabled true networking among peers and experts since 2010 it was evident that EBG | Network fill a gap when we finally could meet again in person in 2022.

In 2023 we meet again in Stockholm on October 18th & 19th. Are you a practitioner and want to host round table discussions or a workshop? Based on the very simple question “What would You want to discuss and share experiences about with a peer group?” Contact EBG for a discussion

Do you offer services or solutions for the end to end procurement community and want to have informal yet very concrete discussions? Contact EBG for a discussion.

What EBG offer is unique. Based on a solid understanding about change management and how to create networking meetings.

CPO Outlook 2023 Expert Organizations

CPO Outlook 2022 | Thank you to all who joined!

Download the 2022 program >>here or by clicking the image below (PDF)

Visit the Post Summit Page >>here

EBG | Webinar

EBG | Webinar: Obligation or Opportunity? The value of e-invoicing beyond compliance

With the continuous deployment of global e-invoicing regulations, businesses are facing a wave of mandated alterations to their current practices. France, Poland, Belgium, Germany, Spain, and Hungary are just some of the most recent countries under scrutiny to start making changes to prepare for these mandates. Even though many of these countries are already practicing […]

Newsletter opt-in – don’t miss out!

Name

Title

Company

Email-(only corporate addresses will be communicated with)

Leave this field empty
I agree to the processing of my personal data

Learn more about EBG Networking

Networking with EBG | Network

EBG | Business Directory – learn more about the market

EBG | Network will be listing competences and solutions in the area EBG work. Source 2 Pay is a broad area including everything from sourcing tools to cash management solutions. EBG do not help choose – but have a lot of material to share!

Follow the link below to the EBG | Business Directory

Clock the below link to enter the directory

EBG | Business Directory

Recent articles

EBG | Webinar: Obligation or Opportunity? The value of e-invoicing beyond compliance

With the continuous deployment of global e-invoicing regulations, businesses are facing a wave of mandated alterations to their current practices. France, Poland, Belgium, Germany, Spain, and Hungary are just some of the most recent countries under scrutiny to start making changes to prepare for these mandates. Even though many of these countries are already practicing […]

Scania join CPO Outlook 2023

EBG are having very interesting discussions with those who will join CPO Outlook 2023. Linda Grubbström, Head of Strategy and Purchasing Way and Gustav Milesson, Senior Business Developer | Purchasing – Strategy & Purchasing Way at Scania will join us! On October 18th and 19th you who join the summit can draw from their experiences […]

GEP join CPO Outlook 2023

Strategy, software and managed services – welcome GEP joining CPO Outlook 2023 as an Expert Organization. GEP knowledge stretches over a wide range of skill-sets helping organizations achieve their goals. On October 18th & 19th you who join us in Stockholm can join round table discussions hosted by GEP. Learning from their and the peer […]

Sievo join CPO Outlook 2023

A warm welcome to Sievo – offering procurement analytics for data-driven enterprises – to CPO Outlook 2023. On October 18th + 19th procurement professionals come together to draw from each others experiences in Stockholm. Sievo join as an Expert Organization and will host round table discussions – Theme Discussions. Imagine sitting down with like minded […]

EBG | Play: Cascading trust down all tiers of your supply chain

Or even more so – let’s re-visit Smoke Signals: Cascading trust down all tiers of your supply chain to build resilience and advantage. Together with Graham Copeland, Senior Director Business Development and Von Ying Lee, Consulting Manager at GEP we went through several aspects of corporate trust creation. Is Kraljic the problem? Most likely not […]

Join the EBG | Network

Copyright EBG | Network © 2010–2023 · Log in

This website uses cookies to improve your experience. You can opt-out if you wish Accept Reject Privacy Policy
Privacy & Cookies Policy

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Non-necessary
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
SAVE & ACCEPT