Ivalua's Sourcing solution enhances procurement efficiency by automating sourcing processes and providing comprehensive visibility. It supports both simple and complex sourcing needs, helping organizations reduce risks and costs while maximizing value creation.
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Ivalua
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Sourcing
A Simple, Powerful Solution to Meet Any Need
Supercharge your Sourcing Process
For today’s global organizations, most procurement teams are already performing well–but in order to improve and engage in cross-functional collaboration, procurement needs to leverage technology to automate their sourcing processes. Establish Best Practices Across your Organization Maximize your organization’s value creation by reducing risk and costs with purpose-built capabilities to support both simple and complex sourcing needs. Ivalua’s Sourcing Solution provides buyers with 360-degree dashboard views of their sourcing strategies.
Optimize Sourcing Results
Source ALL Spend
- Indirect, Direct, Services, & CapEx
- Support for simple-to-complex and unique industry requirements
- One source of truth for your entire organization
Gain Transparency
- Holistic view of organizational activities
- Build, manage, and monitor strategy
- Dashboards and analytics to track KPIs towards goals
Optimize Supplier Selection
- Add supplier risk and performance to evaluations
- Simplify and automate analysis
- Leverage sourcing optimization in sourcing decisions
Sourcing Projects & RFX
Guided End-to-End Sourcing for ALL Spend Types
- Intuitive project management
- Supplier risk & performance in analyses
- Simplified collaboration with stakeholders to capture requirements
Sourcing Decision Center
Make the Right Allocation and Supplier Selection Decisions, Every Time
- A seamless process for end-to-end sourcing
- An intuitive solution designed for all users
- Leverage a library of rules and scenarios
Category Management
360-Degree View of Strategic Categories
- Collaborate and contribute across teams
- Leverage analytics and KPIs to monitor category spend and risk
- Analyze spend, market data, and benchmarks
Auctions
Control Negotiations and Discover the Best Value
- View impact with a graphical auction display
- Initiate multiple strategies and auction types from RFQ’s
- Real-time updates & communication as suppliers bid
Savings Tracking
Align Procurement and Finance Teams
- Plan annual sourcing team savings goals
- Aggregated view of progress
- Project, process, and task management