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Sourcing & Vendor Selections
LOCALISATION
Revolutionizing Supply-Chain Sourcing:
A Paradigm Shift in Vendor Selection
In the fast-paced realm of the entertainment supply-chain industry, sourcing teams grapple with a myriad of challenges stemming from the constant evolution of global supply chains. This essay delves into the pain points encountered by sourcing teams and how our latest solution addresses these issues, ushering in a new era of efficient and informed vendor selection.
Pain-Points for Sourcing Leaders
1. Rapid Changes in the Global Supply-Chain Landscape:
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2. Vendor Discovery Challenges:
Locating suitable vendors, especially regional and local players, poses a significant challenge. Traditional methods of vendor discovery often fall short in identifying emerging players with niche expertise. Our solution addresses this pain point by providing a comprehensive platform that facilitates the easy discovery of vendors, irrespective of their geographical location, fostering a truly global and diverse vendor ecosystem.
3. Dynamic Vendor Data:
Vendor data is inherently dynamic, with capabilities, capacities, and availability constantly evolving. Stale or unverified data can lead to misguided decisions. Our solution ensures real-time updates, authentication, and verification, offering sourcing teams a reliable and accurate snapshot of a vendor’s current standing, enabling them to make informed choices in a rapidly changing landscape.
4. Limitations in Vendor Comparisons:
Unstable, fragmented, and unverified vendor data limits effective vendor comparisons. Our solution mitigates these limitations by providing a centralized and standardized platform for comparing vendors. Sourcing teams can now confidently assess vendors based on verified and up-to-date information, fostering a transparent and fair evaluation process.
5: Dynamic Questioning for Effective Decision-Making:
The challenge of foreseeing all relevant questions for vendors upfront hinders effective decision-making. Our solution empowers sourcing teams by facilitating dynamic questioning, allowing them to adapt and tailor inquiries based on real-time needs. This ensures that the decision-making process remains agile and responsive to the evolving requirements of the entertainment supply-chain industry.
6: Overlaying Bespoke Project Requirements:
In the entertainment supply-chain industry, projects often come with unique and bespoke requirements that necessitate a tailored approach to vendor selection. Traditional sourcing methods struggle to integrate these specific project needs into the vendor qualification criteria effectively. Our solution addresses this challenge by providing a flexible framework that allows sourcing teams to overlay bespoke project requirements seamlessly. This ensures that the vendor selection process is not only comprehensive but also customized to meet the specific demands of each project, ultimately leading to more successful and aligned partnerships.
Vitrina’s Sourcing System:
Addressing the Pain Points for Vendor Sourcing and Supplier Qualification:
Our cutting-edge solution revolutionizes supply-chain sourcing by offering a host of benefits to both sourcing leaders and vendors alike.
a) Sourcing Leaders: Robust & Speedy Vendor Selections
Sourcing leaders can now effortlessly discover new solutions and vendors in competitive supply-chains, including regional players, with a simple click. The platform provides access to strong, verified, and updated supplier data, streamlining the vendor selection process and ensuring optimal decision-making.
b) Vendors: Universal Showcase & Info Platform
Vendors gain a singular platform to showcase their latest achievements, solutions, capabilities, capacities, and pricing. This centralized hub allows vendors to update their information in real-time, enhancing their visibility and accessibility to the entire ecosystem.
Vitrina’s solution for supply-chain sourcing represents a paradigm shift in vendor selection. By addressing the pain points faced by sourcing teams, it creates a win-win situation for buyers, sellers, and the entire ecosystem. This transformative approach not only streamlines the sourcing process but also fosters a dynamic and collaborative marketplace, ensuring the continued success of the entertainment supply-chain industry.
FAQs
Yes, Vitrina can assist you in finding and shortlisting the ideal partners for your project. Our Partner-Finder team is experienced in running vendor recruitment and screening mandates that are specific to your needs. We can help you find the best vendors for your business by identifying niche and specialist companies in new markets.
We stay up-to-date with the latest developments in the M&E supply chain, allowing us to continually identify and qualify the most innovative vendors. Additionally, our extensive network of storefront owners updates their latest projects, capabilities, and certifications on our platform. These sellers are highly engaged and active on our platform, allowing us to connect buyers with vendors who are best suited to meet their requirements.
By working with Vitrina, you can access the latest solutions and expertise in Animation, Localization, VFX, Stages, Virtual Production, and gaming engines. Contact us today to learn more about how Vitrina can help you find the right vendors and partners for your business.
Vitrina follows a double opt-in protocol for buyers and sellers to connect on our platform. We do not provide buyers with direct contact information for vendors. Instead, buyers create a Request-For-Information (RFI) document outlining their requirements and reason for contact. Anonymized RFI is then shared with qualifying sellers in the Vitrina network who meet the criteria. Interested sellers can apply for the opportunity, and both parties are introduced to each other with mutual consent. This process ensures a secure and transparent connection between buyers and sellers on Vitrina.
The Vendor Reputation Rating on Vitrina is a comprehensive metric that incorporates various factors critical to buyers’ assessments of vendors, service providers, and suppliers. This rating is used by buyers to evaluate vendors’ qualifications and capabilities in the M&E supply chain.
Vitrina’s Reputation Rating system provides buyers with valuable insights into vendors’ size, parentage, past work, quality of projects/clients, recency, specializations, strengths, and other factors that may affect the vendor’s suitability for the buyer’s project.
Yes, Vitrina can provide market and competitive intelligence to its users. We track intel related to content and IP deals for a million content titles, scripted-unscripted formats, movies, TV series, and documentaries, as well as intel relating to thousands of entertainment buyers and suppliers, their partnerships, coverage expansions, new specializations, capacities, and service launches.
Our daily intel tracking, company profiling, alerts, and notifications provide our clients with a comprehensive view of the M&E industry, enabling them to make informed decisions and stay ahead of the competition. As a Vitrina user, you can also follow specific topics, companies, and content titles to receive updates and notifications related to their areas of interest.
Yes, Vitrina offers content tracking services that can help you acquire licensing rights for niche content from around the world. Our tracking system monitors a range of stages in the production process, including distributor announcements of pre-sales arrangements, OTT/Broadcaster pre-buy agreements with production houses, and the development phase of early-stage productions. We also track acquisition deals of IP bought by production houses and studios, including those set for the big screen.
In addition, we keep an eye on first look and overall deal announcements, remakes, adaptations, local version development of international content, optioned purchases, and final talent representation contracts worldwide, keeping you updated on exciting new projects in the production pipeline globally.
Vitrina Featured Companies are frequently searched, updated storefronts that have a large degree of data and updates coming directly from the companies.
Vitrina’s production tracking system allows you to assess potential co-production opportunities based on crucial information such as the producers involved, geographical regions, deal size, content genre and language, and other important factors that provide budget indications for these projects. This information is helpful in deciding which co-production opportunities to pursue and could lead to more successful and profitable projects. Vitrina is a great tool for keeping track of production and co-production announcements globally, regardless of budget range.
A comprehensive approach is required when evaluating acquisition or joint venture opportunities, considering the financial, operational, and strategic aspects of the target company. Vitrina offers a powerful tool for due diligence, strategic fit assessment, valuation, and risk-benefit analysis.
The platform’s advanced company filters, taking into account factors such as company type, specialization, size, deals, location, and business network strength, allow users to assess potential partners’ past performance and future potential. Vitrina’s daily updated intelligence provides up-to-date and accurate information about target companies, enabling customers to identify production houses with growth potential within their local and regional ecosystems.
Yes, Vitrina can help you find license holders for movies and TV shows for your TVOD platform. You can make a list of the movies and TV shows you want to include on your platform and research the production companies that own the rights to the content using Vitrina’s detailed profiles of thousands of production companies from around the world. Vitrina’s Partner Finder can then help you connect with the production companies. However, it’s important to note that licensing content can be a complex process, and it’s advisable to consult with a lawyer or licensing expert to ensure legal compliance and protection of your interests. On Vitrina, you can also find legal consultants specializing in Media & Entertainment.
Yes, Vitrina offers specific filters to streamline the process of shortlisting companies to network with at industry events like MIPCOM, Kidscreen, MIPTV, Discop, or IBC. These filters allow attendees to refine their search by selecting specific criteria such as content/IP, services, specializations, company types, regions, deal sizes, and more. By using Vitrina’s advanced filtering system, attendees can optimize their limited time at MIPCOM and make the most of the event.
Most importantly, Vitrina provides a comprehensive platform that brings all the action of MIPCOM to its users, even if they are unable to attend in person, and allows them to stay informed about the deals being announced.
Vitrina employs a combination of multi-pronged data sourcing efforts, proprietary algorithms, and expert teams to list, qualify, and profile content and companies from around the world. We thoroughly profile and evaluate each addition to our platform to ensure the utmost accuracy. Our objective is to profile all relevant players within the global M&E supply chain.
