Supplier Management Solution

Supplier Management Solution

A Thousand Points of Potential

 

Suppliers are critical. Suppliers are difficult. Suppliers could do so much to help the bottom line. Ivalua helps you work collaboratively with suppliers and find ways to efficiently manage a wide range of information and activities.

 

 

Why Ivalua for Supplier Management?

 

  • All supplier information in a single integrated database.
  • Full transparency into data and documentation between buyers and suppliers.
  • No supplier fees.
  • Alerts and notifications for missing credentials, expiring documents and new data.
  • Intelligent supplier onboarding and validation.

 

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Ivalua Supplier Management Modules

Supplier Information Management

Quickly and easily onboard suppliers for RFPs, orders and invoices, and push data to ERP or other relevant systems.

KEY FEATURES

  • Register suppliers online with rapid validation workflow.
  • Receive alerts on suppliers with missing or incomplete data.
  • Generate RFIs for mass data updates.
  • Master data management of Supplier data for ERP and other systems.

HOW DOES IT DELIVER VALUE?

Get suppliers connected quickly and easily. Efficiently manage ongoing data updates from suppliers (through the portal) and 3rd parties (through webservices). Receive alerts when suppliers are missing or have incomplete compliance documentation. Use the alerts to prevent contracts or orders from going out to suppliers who are not up to date.

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Third-Party Risk

Track supplier and contract level risk using qualitative/quantitative risk data.

KEY FEATURES

  • Evaluate and analyze suppliers across multiple risk dimensions.
  • Configure risk types and measurement indicators.
  • Use forms or integration with 3rd parties to update supplier risk data.

HOW DOES IT DELIVER VALUE?

Save valuable time for your team by automating risk scoring campaigns. Mitigate risk by integrations with 3rd party risk providers. Set up business rules and metrics to ensure teams are contracting and awarding business to low risk suppliers.

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Issues Management

Focus on issues that require the most attention in areas such as deliveries, invoices, SLA compliance, etc.

KEY FEATURES

  • Verify follow-up actions and review required documents with validation workflow.
  • Receive team notifications and real-time alerts.

HOW DOES IT DELIVER VALUE?

Save time by using a single source linked to your orders, deliveries, invoices and contracts. Track and report on issues and disputes and better collaborate with suppliers.

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Improvement Plans

True collaboration that improves supplier performance and makes an impact on your bottom line.

KEY FEATURES

  • Assign actions to key resources and track ongoing status.
  • Gain visibility and report on key metrics shared between business stakeholders and suppliers.
  • Rapidly access data with direct links to supplier performance evaluations and exceptions.

HOW DOES IT DELIVER VALUE?

Get the most value from your current supply base by managing improvement efforts based on performance evaluations and exceptional events. Set better expectations and provide increased transparency to your supply base by collaborating on action items through the supplier portal.

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Vendor MDM

Gain control over Supplier Master Data through a single primary record as the source of truth for supplier creation and maintenance.

KEY FEATURES

  • Use Ivalua as the primary master source of truth for supplier data across your enterprise.
  • Capture comprehensive supplier information in one place by using out of the box Supplier profile and easy configurations to capture evolving supplier data elements (e.g. to meet third party regulatory compliance).
  • Easily sync and update supplier master data between the Ivalua primary record, and multiple secondary supplier tables in ERP and legacy systems, by using our robust data administration features.

HOW DOES IT DELIVER VALUE?

Save time and effort by using an easy system for supplier master data maintenance vs. constantly managing data in multiple systems. Reduce supplier and compliance risk by formalizing an enterprise wide repository.