Control your sourcing projects and automate RFX preparation, distribution and gathering of responses.
Manage multiple sourcing project types, streamline bid creation, dynamically manage sourcing team, tasks and progress. Use pre-configured project and RFX templates, reuse or create news. Carry over RFx data to new rounds as suppliers move through the negotiation process. Optimize savings with comparative analysis of bids against current and target prices.
Host on-line auctions in competitive categories to drive the lowest total cost for your organization.
Drive down costs in targeted categories. Create auctions from scratch or turn an RFP into an auction with real-time competitive bidding. Maintain a rich audit trail by capturing all auction details including quotes, supplier comments and documents in one place for easy tracking and reporting.
Create and manage action plans to action category management initiatives and improve procurement performance.
Efficient process for managing action plans related to category management and other procurement initiatives. Assess impact of procurement Initiatives and actions on savings. Enhance savings throughput by executing action plans with maximum impact.
Integrate bills of material details into the sourcing process so nothing is missed when introducing new products to the market.
Sourcing direct materials comes with its own unique challenges. Procurement teams need to ensure they have all the BOM component details in order to efficiently source. Ivalua’s BOM module allows you to seamlessly integrate BOM details and component information from your master data management system into Ivalua. Leverage information like component volumes and current drawings to generate sourcing events and eventual contracts to your approved component suppliers.