Supplier Risk Management

Procurement vendors - e purchasing - SRM software - strategic sourcing | Ivalua > Products > Buyer > Supplier risks management

Buyer picto gestion des risques fournisseurs

Build a detailed risk profile for each supplier, at the corporate level as well as the product level
Have at your disposal a comprehensive risk score by supplier and follow its development over time
Share risk visibility with the spend management community in order to build an operational supplier risk prevention plan

The financial health and the environmental and social performance of suppliers are on-going concerns for Purchasing Management.

Ivalua Buyer’s supplier risk management module enables the efficient and collaborative treatment of the entire supplier risk issue.

A comprehensive risk score and a supplier risk profile are established using information from diverse sources (internal or external, automatically or manually captured), with the possibility of zooming in on various types of risk (financial, sustainable development, products, etc.).

The buyer also has access to a wide range of real time reports with the help of the many analytical dimensions available (time, organization, purchasing classification, geography). They can thus be alerted to a deterioration of the overall supplier risk from year to year, benchmark a list of suppliers in a specific risk category, or even carry out risk analyses by geographic zone.

Main functionalities

Benefits

Our advantages

Services

Deployment modes

Collection and consolidation of risk data

Creation of supplier risk summary file
Management of data collection to assess the risk
Automatic integration of data from external sources

Analysis and Summary

Configuration of risk types and risk measurement indicators
Calculation of multidimensional risk evaluations
Analysis of the development of supplier risk profiles over many years
Creation of supplier risk summary reports
Benchmarking of risk among suppliers

Content partners

Dun & Bradstreet (DNB)
Bureau Van Dijk (BvD)
Coface
Ecovadis
Vigeo

Risks measured at the corporation or product level with the help of numerous indicators
Shared visibility to supplier risk across the spend management community
Better prediction and control of supplier risks

Configurable risk indicators
Alert system with pre-determined triggers
Automatically collected information from reference sources on the market
Multidimensional supplier risk analyses (period, organization, purchasing segment, geographic zone, etc.)

Ivalua’s teams and consulting partners provide the skills and expertise necessary for the successful deployment of the Spend Analysis tool, and for the best possible use of the analyses that it produces.

Design and configuration

Starting with the client’s functional specifications, Ivalua experts work in close collaboration with their teams to configure the activated modules, set up the validation workflows, the alert systems, the data import, treatment and export procedures, the interfaces with other tools and the analytical indicators and reports.

Data migration

It is important to migrate existing historical data to Ivalua Buyer, to maximize the analytical potential of the system, right from the start of production.

Ivalua assists customer’s data migration with its ETL tool (extract, transform, load), to mass transfer historical data from existing sources (Excel, other information systems, ERP, etc.).

Integration

Ivalua’s teams install the interfaces necessary to perfectly integrate Ivalua Buyer into each client’s environment, using our standard connectors designed for the principal ERP (Enterprise Resource Planning)/accounting systems on the market.

Training

In addition to the application documentation and existing help screens, Ivalua and its partners offer onsite training or e-learning courses adapted to each type of user group.

Acquisition

The software is licensed and installed locally by the client. The client’s IT service takes charge of the administration of the application. They can subscribe to the application maintenance and user support services provided by Ivalua as they see fit.

SaaS

Ivalua’s SaaS offer includes the provision of the application, the maintenance and the hosting of the software on account of the customer. This comprehensive service is offered over a contractually determined period for a monthly fee.

On Demand

The On Demand offer allows the client to subscribe to the same service as in SaaS mode, but over a much shorter period, linked to a particular event: for example, an RFQ or an auction. Therefore, pricing is established on an event-by-event basis and on the frequency of tool usage in order to manage these events.

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