Create value at every stage of the product lifecycle
For too long, Procurement has taken a back seat when it comes to the product lifecycle and new product innovation. Not anymore.
We would like to involve procurement as early as possible in the product life cycle in order to improve risk management, reduce our time-to-market and improve the company’s operational performance...we found that Ivalua was the tool best suited to meet our business objectives dues to its many features, user-friendliness and ability to seamlessly interface with our ERP.
Proven expertise in direct materials sourcing and powerful solutions to help manufacturers accelerate speed to market and drive innovation. Ivalua empowers collaboration with suppliers on product design, launches and cost modeling throughout the product lifecycle and much more.
Easy collaboration between cross-functional product teams and direct materials suppliers to design and launch new products.
Coordinate and execute initiatives to improve the profitability of your products.
Collaboratively manage production forecasts to mitigate supply issues and use collaborative Orders to seamlessly manage changes, approvals and addendums.
Qualify and validate your supplier’s production capabilities, capacity and quality and seamlessly understand and manage supplier risk, compliance and performance and prevent any hiccups.
Define & track complex sourcing projects including technical design documents, communication, documents, tasks, dependencies and more.
Manage your product’s BOM through NPI sourcing, costing, supplier selection and production.
Track locations, usage, depreciation, maintenance and decommissioning of key assets.
Use a single primary record as the source of truth for item creation and maintenance.
Manage part quality (APQP, etc.), assess and monitor risk and performance issues, initiate & manage improvement plans.
Collaborate with your suppliers on production forecasts and key order attributes at the line level.