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Vested

CoE logo VESTED CENTRE OF EXCELLENCE

 

AD Supply Chain has become a certified Vested® Centre of Excellence
What is Vested?
Vested is a hybrid business model, methodology, mindset and movement based on award-winning research conducted by the University of Tennessee Center for Executive Education and funded by the U.S. Air Force.
What started out as a research project aimed at finding a better way to outsource, evolved into an award-winning methodology and business model coined “Vested.”
In less than two years, the Vested methodology and business model has been adopted across all industries and markets and is creating sweeping changes in how business is done. For example:

• P&G and Jones Lang LaSalle (facilities and real estate management)
• Microsoft and Accenture (business process outsourcing)
• Minnesota Dept of Transportation and Flatiron-Manson (construction)
• Department of Energy and Kaiser-Hill (environmental cleanup)
• McDonald’s (supply chain management)
• Water for People (non-profit)
• Diversey and Wipro (information technology)
• Integrated Management Solutions (labor services)

Benefits gained from creating a Vested agreement for an outsourcing agreement or supplier reduces costs, improves service, drives innovation, and creates value that didn’t exist before for both parities.  
If you would like to know more about Vested then please contact us or visit the Vested website:


Andrew Downard:    Tel: +61 (0)419 581 705
Email andrew.downard@adsupplychain.com.au .
www.Vestedway.com


More FAQ’s

AD SUPPLY CHAIN’S VESTED OFFERING:

 

  • We can assist organisations in their Vested journey in a number of ways.  Firstly we can help clients build awareness both internally and with trading partners.  We do this by running workshops and by facilitating access to the University of Tennessee education programs which include in-house, on-line and open courses at the UT Campus.  Please contact us to discuss your needs.

  • AD Supply Chain can also provide consulting support to review you and your trading partner’s readiness to enter into a Vested agreement.  This review can include an assessment of the relationship as well as an evaluation of whether a Vested agreement is suitable for the activities or product that is to be outsourced.  We can also provide access to ‘self-assessment’ tools which clients can use to benchmark their current position.

  • We can also conduct a detailed ‘Deal Review’ which encompasses the assessment mentioned above and a review of the documentation, contracts and planned governance processes for the arrangement.  The ‘Deal Review’ can also be applied to existing arrangements where the parties believe that improvements are needed.  The important part of the Deal Review process is that we work for the ‘Deal’, not for individual parties.  As such this work would normally be funded by both.

  • Where there is an existing or proposed contract between the parties AD Supply Chain can evaluate the documents against the Vested criteria and provide feedback on whether the parties have a Vested Deal and if not suggestions as to how it could be made to meet the criteria.

  • Clients that have developed their own skills through the workshops and University of Tennessee programs may still benefit from coaching during the creation of their Vested arrangement.  The presence of an independent third party can ensure the agreement continues to focus on WIIFWe.

  • A particular program might include all of the above elements or only individual sections as needed.  Again please feel free to contact us to discuss your needs:

Tel: +61 (0)419 581 705
Email andrew.downard@adsupplychain.com.au

Vested’s 5 Rules

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FAQ’s and ‘Quick Facts’

 

Here you will find frequently asked questions and quick FAQ’s about Vested. Please also visit Vested’s official website www.vestedway.com for more information.

What is Vested ®?

Vested is a hybrid business model, methodology, and mindset based on award-winning research conducted by the University of Tennessee Center for Executive Education and funded by the U.S. Air Force.

Where is Vested today?

In less than two years, the Vested methodology and business model has been adopted across all industries and markets and is creating sweeping changes in how business is done. For example:

• P&G and Jones Lang LaSalle (facilities and real estate management)
• Microsoft and Accenture (business process outsourcing)
• Minnesota Dept of Transportation and Flatiron-Manson (construction)
• Department of Energy and Kaiser-Hill (environmental cleanup)
• McDonald’s (supply chain management)
• Water for People (non-profit)
• Diversey and Wipro (information technology)
• Integrated Management Solutions (labor services)

What’s in it for We?

Traditional business relationships are focused on win-lose arrangements where one party benefits at the other’s expense (a “what’s in it for me” or “WIIFMe” mentality). In contrast, Vested creates a win-win relationship in which both parties are equally Vested in each other’s success (a “what’s in it for we” or “WIIFWe” mentality).

Win-win

Win-win is also known as “solutions concept” and is based on what is often referred to as “game theory.” The most famous of the behavioral economists are John Nash and Robert Axelrod. Vested leverages win-win thinking associated with behavioral economics.

Collaboration, transparency, flexibility and trust

Vested relationships depend on collaboration, transparency, flexibility and trust. Rather than conventional arrangements where companies buy transactions or services from suppliers, Vested arrangements instead focus on “buying results.”

Value for both parties

Vested relationships and agreements create value for both parties that did not exist previously.