Ardent Partners Report: 2024 Strategic Sourcing Technology Advisor
Typical Strategic Sourcing Journey
Drive Category Management with Strategic Sourcing Automation
Developing and executing category strategies is critical to effective strategic sourcing. However, many organizations are not equipped with the automation, standardization, and analytical tools to successfully carry out these complex processes.
Deliver Value to your Organization
Ivalua offers an integrated Strategic Sourcing experience across the entire process to analyze spend and successfully define/execute sourcing and supplier management strategies across all spend. Mitigate supplier risk and facilitate compliant purchasing through effective contract management.
Implement Successful Strategic Sourcing Processes
Execute Strategic
Initiatives
- Manage indirect and direct spend
- Project and program management
- Visibility across strategic sourcing analytics
- Develop, execute, and monitor category strategies
360° Supplier Information View
- Gain 360 spend and supplier visibility
- Integrated risk and performance management
- Improved supplier collaboration and innovation
- Visibility across multi-tier supply chain
Maximize Outcomes
& Compliance
- Complete S2P process automation
- Meet global standards and local needs
- Optimal supplier selections
- Ensure contract, price, and process compliance
Ivalua has been a key factor in improving efficiency and performance of Procurement at Verallia. With Ivalua we finally have 360 degree visibility of suppliers and contracts and automation of the full source-to-pay process in a system our users enjoy using.
Cyrille CHOUVET
Supplier Quality & Purchasing Process Manager
Verallia Group
Why Strategic Sourcing?
Ivalua’s Strategic Sourcing Solutions build a reliable supply base and executes cross category strategies effectively. Strategic Sourcing benefits include: reduced costs and risk, supply assurance, improved compliance and process efficiency, and smarter indirect and direct spend management.
Shift From Tactical to Strategic
The Strategic Sourcing solution delivers automation, transparency, insights, and analytics–to continuously create value through informed and strategic decisions across all suppliers and spend.
A Unified Platform for All Spend
Supplier Risk & Performance Management
Centralized Supplier Information
- 360-degree supplier data and activity insight
- Accurate information, lower risk, and improved performance
- Structured collaboration to correct issues or drive innovation
Sourcing
Automate Sourcing Processes and Execute Strategies
- Source all spend: Direct, Indirect, Services, Capex
- Unparalleled project management and transparency
- Analytics for optimal supplier selections
Contract Management
Lock-in Value and Manage Risk Across the Contract Lifecycle
- Digitize & centralize contracts to gain complete visibility
- Accelerate cycle times & Time-to-Value
- Contract analytics & lifecycle management
Spend Analysis
Uncover Opportunities with Complete Spend Transparency
- Analyze spend from all sources
- Powerful on-demand classification
- Spend classification visibility and transparency
Procurement Analytics and Insights
Strengthen the Strategic Decision-making Process
- Access and connect procurement data and activity
- Leverage accurate and real-time data and analytics
- Predict customer behavior and improve operational efficiency
Related Resources
The Partner Perspective – Why Ivalua for S2C
Customer Story
Learn how Deutsche Telekom Procurement is Driving Compliance, Efficiency, and Transparency
Platform Leader
Ivalua Recognized as a Leader In The Forrester Wave™: Supplier Value Management Platforms, Q3 2024