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Inside Honeywell’s Digital Procurement and Supply Chain Journey

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Industry:

Manufacturing

Headquarters:

North Carolina, United States

Employees:

100,000

Website:

www.honeywell.com

About Honeywell

Honeywell addresses some of the world’s most complex challenges in automation, aviation, and the energy transition. Its business segments include Aerospace Technologies, Building Automation, Energy and Sustainability Solutions, and Industrial Automation. Through these areas, Honeywell delivers innovative and practical solutions that drive smarter, safer, and more sustainable outcomes worldwide.

Challenges

Global presence and varying needs across geographies: Sought a procurement platform capable of adapting to global business needs.
Multiple business units: Diverse business units and requirements demanded a flexible and agile solution.
Pilot program: A pilot program was deemed essential before the global rollout.

Benefits

Platform flexibility: Ivalua’s Modular approach allowed Honeywell to implement a procurement and supply chain solution fit to their business needs across regions.
Source-to-Pay coverage: Includes vendor master management, savings tracking, contracts, and risk management tools used company-wide for consistent, integrated operations.
Golden Record of supplier data: Centralized vendor master data with a single source of truth, ensuring accurate integration with ERP systems. Honeywell streamlined operations through automated approval workflows and robust financial security audits.
Spend Management visibility & insights: Enhanced spend management and savings with accelerated data-driven decision-making powered by platform insights.
Customer-first culture: A dedicated, professional team with a collaborative spirit has fostered a strong partnership lasting nearly a decade.

Solutions Selected

Supplier Risk & Performance

Sourcing

Contract Management

eProcurement

Invoicing

Payments

Spend Analysis

Ivalua allows us to meet our ever-changing business needs across all of our organizations, and deploy solutions both on our regionality and the needs of our business users going forward.