Improve margins while mitigating supply chain risk.
The global retail and consumer packaged goods (CPG) industry has been evolving rapidly in the last years with changing habits and expanding shopping digital experience. This phenomenon has intensified during the covid-19 crisis: shopping less frequently but in higher volumes and shopping online but picking up in stores became the norm. As a result, retail supply chains have been under tremendous pressure to respond quickly to consumer shifts: a reliable supply chain is not enough anymore; it needs to be agile.
At the same time, the whole business model involving physical stores needs to be redefined in the era of omni-channel, sustainable and personalized consumption. Improving margins to compensate the rising cost of reaching consumers and invest in growth and innovation strategies is key. Procurement and Supply Chain organizations are at the heart of this whole business model transformation.
Ivalua empowers retailers with a complete source-to-pay platform to manage all their spend, improve supplier collaboration and innovation, mitigate supply chain risk and improve margins to reinvest in their business transformation.
We started by deploying standard out-of-the-box functionality in Ivalua with a focus on achieving early and quick wins. After this, we reviewed our entire processes by applying lean management principles and embedding stakeholders’ feedback. The flexibility of Ivalua’s platform allowed us to evolve with the organization needs, which accelerated adoption and generated further efficiencies and cost optimization.Read Case Study