How can manufacturers build greater resilience?

With hundreds of components that go into thousands or even millions of manufactured products each day, finding ways to protect 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

For improved cost savings and increased operational efficiency, Ivalua has designed a platform that can meet your organisation's needs now, and which will evolve as your business does.

Ensure all your teams are ready for tomorrow

Streamlining operations end to end starts with the full visibility across teams that will resolve challenges around internal collaboration. Sharing of the exact same, up-to-date data via one unified source brings your engineering and procurement into full alignment, for example.

So, from negotiating with suppliers for better prices to shortening deadlines, to enabling innovation for new product launches, every aspect of performance is empowered. When all your people can readily access the information they need, when they need it, your business is optimised from supply chain through production, with future readiness built in.

Ivalua brings a far better, and constantly developing, understanding of suppliers and category management:

• Seamlessly run sourcing activities for more efficient and cost-effective processes 
• Flex requirements to teams and ways of working, adapting as you change and grow

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

Get 1:1 with Ivalua’s supply chain experts

We're eager to gain an understanding of how you do business, the issues that stand in your way, and where improvements can be made along the supply chain. Talk with us about what tomorrow holds for you - and identify any barriers to reaching those goals - so we can find ways to overcome them.

With Ivalua as your partner, and leveraging our single, unified data platform – designed to match your business, now and as your situation evolves – you can empower your procurement strategically. Our experts stand ready to help you overcome volatility and other pressures assailing the manufacturing sector.

Revolutionise your supply chain with extensive, end-to-end data visibility to drive enhanced collaboration with every supplier and stakeholder. Release your procurement professionals from repetitive offline tasks – driving Time-to-Value for innovation and revenue growth.