Supplier Management Solution

Supplier Management Solution

A Thousand Points of Potential

 

Suppliers are critical. Suppliers are difficult. Suppliers could do so much to help the bottom line. Ivalua helps you work collaboratively with suppliers and find ways to efficiently manage a wide range of information and activities.

 

 

Why Ivalua for Supplier Management?

 

  • All supplier information in a single integrated database.
  • Full transparency into data and documentation between buyers and suppliers.
  • No supplier fees.
  • Alerts and notifications for missing credentials, expiring documents and new data.
  • Intelligent supplier onboarding and validation.

 

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Ivalua Supplier Management Modules

Supplier Repository

Gather and manage all information about your suppliers regardless of where the data lives.

KEY FEATURES

  • Get a 360 degree view of key supplier data.
  • Track supplier credentials for approval, ownership, expiration and alerts.
  • Manage a supplier approval matrix across different organizations and commodities.
  • Clean-up your loaded supplier data by merging data and flagging duplicates.

HOW DOES IT DELIVER VALUE?

One stop shop to manage all key supplier information regardless of where it originated. Manage supplier approvals by business unit and commodity, track affiliate suppliers and gain visibility into current and past supplier activities. Proactively flag suppliers with expired credentials before you approve that requisition, suggest suppliers for sourcing of specific commodities in specific regions.

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Registration & Data Management

Quickly and easily onboard suppliers for RFPs, orders and invoices, and push data to ERP or other relevant systems.

KEY FEATURES

  • Register suppliers online with rapid validation workflow.
  • Receive alerts on suppliers with missing or incomplete data.
  • Generate RFIs for mass data updates.
  • Master data management of Supplier data for ERP and other systems.

HOW DOES IT DELIVER VALUE?

Get suppliers connected quickly and easily. Efficiently manage ongoing data updates from suppliers (through the portal) and 3rd parties (through webservices). Receive alerts when suppliers are missing or have incomplete compliance documentation. Use the alerts to prevent contracts or orders from going out to suppliers who are not up to date. Finally, centralize your supplier data so other systems can be kept up to date from a true Supplier Master.

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Supplier Risk & Performance

Track performance and qualitative/quantitative risk data on your suppliers.

KEY FEATURES

  • Evaluate and analyze suppliers across multiple performance and risk dimensions.
  • Configure risk types and measurement indicators.
  • Use forms or integration with 3rd parties to update supplier evaluation data.

HOW DOES IT DELIVER VALUE?

Save valuable time from your team by automating performance scoring campaigns. Mitigate risk by integrations with 3rd party risk providers. Set up business rules and metrics to ensure teams are contracting and awarding business to high performing, low risk suppliers.

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Improvement Plans

True collaboration that improves supplier performance and makes an impact on your bottom line.

KEY FEATURES

  • Assign actions to key resources and track ongoing status.
  • Gain visibility and report on key metrics shared between business stakeholders and suppliers.
  • Rapidly access data with direct links to supplier performance evaluations and exceptions.

HOW DOES IT DELIVER VALUE?

Get the most value from your current supply base by managing improvement efforts based on performance evaluations and exceptional events. Set better expectations and provide increased transparency to your supply base by collaborating on action items together through the supplier portal.

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Exception Management

Focus on issues that require the most attention in areas such as deliveries, invoices, SLA compliance, etc.

KEY FEATURES

  • Verify follow-up actions and review required documents with validation workflow.
  • Receive team notifications and real-time alerts.

HOW DOES IT DELIVER VALUE?

Save time by using a single source linked to your orders, deliveries, invoices and contracts. Track and report on exception events and collaborate with suppliers on responses and follow up.

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