What if you could
unlck profitability?

With hundreds of components that go into thousands or even millions of manufactured products each day, finding ways to increase margins through procurement and the supply chain has a cumulative effect for business profitability.

Employ comprehensive Strategic Sourcing
and analytics, then optimise accordingly

The first step is to manage all spend on a single, unified platform. From there, Strategic Sourcing becomes a possibility. Because with a true 360-degree view of your procurement and supply chain, you can perform effective analysis, then optimise to find incremental improvements that can dramatically improve margins.

• Leverage category management for 360-degree visibility and strategic planning
• Seamlessly capture terms, SLAs and pricing with contract management

Engineering and procurement team collaboration is critical to the success of product launches. Only by working together can you ensure product launches hit the target date, and at the target price that your engineering teams are working towards.

Collaborate with and engage all stakeholders

However, collaboration is challenging for organisations, as engineering must battle tight deadlines while procurement are unable to utilise the same Bill Of Materials data that engineers use for product development.

It means all too often that procurement only join the process at the later stages, and their primary role is to negotiate lower costs from suppliers, using the components that were chosen by engineering earlier in the process.

Ivalua gives procurement a much better understanding of suppliers and category management.

• Enable procurement to assist engineering teams for new product launches
• Seamlessly run sourcing activities to hit the target price while shortening processes

With all your supplier information, risk and performance data in one place, it’s far easier to take proactive mitigating action to ensure you stay ahead of the competition.

Employ comprehensive Strategic Sourcing
and analytics, then optimise accordingly

Suppliers are the key to it all. So collaborating with them seamlessly across your source-to-pay process means you can get more accurate information, assess risk and improve performance. Improved collaboration can even unlock innovation.

• Gain visibility of all touch points with suppliers across full S2P process: RFX, contracts, orders, invoices, exceptions and improvement plans
• Monitor risk and evaluate performance of all suppliers, but with a focus on strategic suppliers

Building a resilient supply chain is not easy. Yours is mission critical for ensuring production lines keep producing. The task of sharing and confirming forecasts, capacity, and planned orders is often a highly manual process where timely changes, updates and additional information is often not possible.

Collaboratively manage asset and tooling lifecycles, as well as budgets with suppliers

Real-time collaboration across the supply chain is the answer. It makes it possible to work together on material forecasts, available capacity, and planned orders. These capabilities ensure that your procurement and supply chain teams can work closely together – along with your suppliers – to adapt to both supply and demand disruptions that you face.

• Reduce cycle time with supply chain transaction and inventory replenishment automation
• Improve direct material collaboration and transparency between procurement and suppliers

Book your
1:1 workshop

Ivalua can help you to make procurement more strategic, with a solution that flexes to match your business, rather than forcing you to fit some pre-determined model of how manufacturing “should” operate.

Release your procurement professionals from mundane, offline tasks and drive time to value for new product development.