Retail

Discover Procurement’s Potential in Retail

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 for Retail and Consumer Packaged Goods

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.

Adapt Your Supply Chain by Better Managing Supplier Performance & Risk

Collaboratively preempt and mitigate potential supply chain disruptions with your suppliers
Map supplier risk & performance including all their sub-tier suppliers and sub-contractors
Enhance your risk & performance mapping with external data sources & alert systems
Optimize your forecasting and ordering process

Ivalua Sourcing Supplier Dashboard on Laptop

Improve Margins and Cash With More Effective Cost Optimization

Increase your strategic insight and identify new sources of savings (e.g. not-for-Resale spend)
Maximize savings by improving compliant spend
Track and report on planned and actual savings
Improve cash positions by optimizing the Gross Margin Return On Inventory (GMROI)

Increase Supplier Collaboration to Accelerate Time-to-Market & Innovation

Reduce cycle time with PO automation & collaboration
Capture supplier innovation and facilitate new private label products introduction
Infuse corporate sustainability goals and objectives into supplier and category management

Offer a Consumer Experience to your Procurement Stakeholders

Delight employees with a modern buying experience
Offer a user-centric journey which adapts to preferred device (from PC to mobile & tablets) & team location (office, warehouse, shop)
Ensure globally standardized processes while accommodating the local needs of a decentralized organization

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