Control every aspect of your sourcing project, including the team, documents, tasks and all communications.
Ivalua’s pre-configured process templates give users the benefit of managing every type of sourcing project – large or small, goods or services, strategic or spot bid. Streamline bid creation by gathering key stakeholder requirements, dynamically managing required tasks and delegating tasks to project team members.
Automate the administrative drudgery of RFP preparation, distribution to suppliers and the gathering of bid responses.
Save time by streamlining even the most complex sourcing events using pre-configured RFQ and RFI templates. Carry over RFx data to new rounds 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.
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.