Joint Business Plan - State of Flux

Team-up with your suppliers

A broken or strained strategic relationship can be a major barrier to achieving your business goals. A joint business plan (JBP) offers a structured approach to collaborate with your suppliers, fostering openness and teamwork. By aligning objectives in areas like risk, innovation, growth, and cost, you can unlock new value and drive success together. Discover how a joint business plan can strengthen your supplier partnerships and deliver mutual benefits.

Three-step process for joint business planning:
Our approach to creating a joint business plan follows a clear three-step process: Relationship Assessment, Relationship Assessment Report, and the JBP Interactive Workshop. This method ensures that you and your suppliers are aligned, equipped with meaningful insights, and working collaboratively to achieve shared goals.

Why create a Joint-Business-Plan?

Managing supplier relationships without a clear, shared vision can lead to missed opportunities, inefficiencies, and strained partnerships. Creating a joint business plan helps to:

Repair and strengthen relationships:
It provides a platform for open communication, allowing both parties to realign and work towards common goals.
Drive innovation and growth:
By focusing on shared objectives, you can unlock new opportunities for innovation, cost savings, and growth that benefit both organisations.
Mitigate risk:
A collaborative plan ensures both you and your suppliers goals are aligned when it comes to managing risks, ensuring more resilient partnerships.
Optimise resource allocation:
Focus on what matters most by aligning resources, investment, and effort on shared priorities, increasing overall efficiency and effectiveness.

Our Approach

Our joint business plan process is designed to facilitate meaningful collaboration with your suppliers, ensuring a mutual focus on strategic goals. Here’s how we work with you:

Assess the relationship:
We begin by conducting a detailed assessment of the current relationship, identifying areas of strength, and pinpointing where alignment and collaboration can be improved.
Define shared objectives:
Working together with your supplier, we help outline key objectives around areas like risk management, innovation, cost efficiency, and growth, ensuring both parties agree on what success looks like.
Develop the joint plan:
We create a customised joint business plan that maps out roles, responsibilities, timelines, and metrics for success. This plan serves as a roadmap for how both parties will work together to achieve shared goals.
Execute and review:
With the plan in place, we support you in executing it effectively. Regular reviews are conducted to monitor progress, adjust strategies, and ensure key objectives are achieved.

The Benefit

Joint business plan brings measurable benefits to both you and your suppliers:

Enhanced collaboration and communication:
Regular and open dialogue builds trust and ensures both parties are working towards shared objectives, improving the overall relationship.
Increased value creation:
By aligning goals, you can drive greater innovation, reduce costs, and unlock growth opportunities that benefit both parties.
Reduced risk exposure:
With a clear plan in place, you and your supplier can better manage risks, making your partnership more resilient and adaptable to change.
Long-term success:
A joint business plan sets the foundation for long-term partnerships that are mutually beneficial, with both parties invested in each other's success.