Responsible Sourcing

An agreement with Vizient offers suppliers increased efficiency, visibility and credibility. Guided by a highly credentialed contracting process, nationally awarded agreements meet the supply chain needs of more than 100,000 Vizient clients. Access to such a diverse customer base is especially important for small businesses who are looking to expand their portfolio by offering comparable products at more competitive prices.

To this end, Vizient supports programs that help maximize opportunity, cultivate collaboration and offer mentoring and enrichment for small businesses. Encouraging the growth and development of such businesses promotes economic sustainability in all our communities.

How doing business with small businesses helps clients

Responsible Sourcing helps clients attain their purchasing, healthy community and economic development goals through a comprehensive offering that includes:

• Supply contracts with small businesses
  Our portfolio of product and service agreements offers clients greater choice and drives competition on price, quality, innovation and service. This enables them to foster a supply chain that mirrors their own workforce and patient populations composition.
• Data and analytics support
  Our information platform offers exclusive access to not only Tier 1 but Tier 2 small business data, as well as a means to connect with national, local and community-based suppliers. Optional enhancements enable access to economic impact reporting, data enrichment, risk monitoring and much more.
• Advisory services
  Our expert consultative team can help health systems and hospitals develop, implement and enhance their own responsible sourcing and community impact programs through a highly customized, long-term strategy. The engagement could encompass spend analysis, goal setting, development of best sourcing practices and solutions to meet other organizational needs.

Research shows that hospital responsible sourcing and community impact programs contribute to profitability, and that businesses that embrace a broad supplier base in general are more profitable than those that do not.

How to engage with Vizient and our client providers

To increase visibility and awareness among Vizient providers, SBA registered small businesses may register through our supplier connection portal. To be considered for a Vizient supply contract award, registered suppliers should monitor Vizient’s public bid calendar and register for all applicable product or service categories.

For more information, contact the Responsible Sourcing team.