Strategic Sourcing Solution

Creating Value Across Your Strategic Sourcing Process

See Ivalua's Strategic Sourcing Solution in Action

What is Strategic Sourcing?

The strategic sourcing process is where Procurement identifies and creates value for their organization. This complex series of business processes includes all upstream procurement activities, from spend analysis and supplier / category management to sourcing projects and contract negotiations.

However, strategic sourcing activities are often not strategic at all but rather tactical and disjointed. Due to inefficient and manual processes,  limited access to data and inability to collaborate effectively internally and externally. Further, many organizations have entirely different strategic sourcing systems and processes for direct and indirect spend, but why? 

Ivalua offers a completely integrated and intuitive experience across the entire strategic sourcing process, enabling customers to clearly understand their spend, successfully define and execute sourcing and supplier management strategies, have clear actionable analytics and lock in the value with contract management. Our strategic sourcing solution includes:

  • Spend Classification and Analysis
  • Sourcing Projects & RFX, Auctions and Category Management
  • Supplier Information, Performance and Risk Management
  • Contract Repository, Authoring and Lifecycle Management

 

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All Spend, All Suppliers, No Compromises

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Supplier Management Display

Supplier Management

All your supplier information, risk and performance in one place.

Suppliers are the key to it all. Collaborate with them to get accurate information, assess risk and improve performance while informing all procurement activities.

  • 360-degree view of suppliers
  • Supplier risk assessment and action
  • Single source of truth
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sourcing dashboard

Sourcing

A simple, collaborative and powerful sourcing solution to meet any need.

Streamline, simplify and improve sourcing activities and processes, ensuring best practices are adopted.

  • Source ALL Spend
  • Unparalleled project & initiative transparency
  • Optimal supplier selections
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contract management

Contract Management

Lock in the value, manage all your contract processes in one place.

Ensure that contracts are easily searchable, tracked, and managed to maximize contract value and manage all contracting processes.

  • Single, searchable contract repository
  • Speed up contracting
  • Work smarter
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Sourcing screenshot of ivalua platform

Strategy & Analytics

A view into all your projects and all your spend data, like never before.

One platform and one data repository makes analytics a breeze. Tracking your savings and managing all procurement projects with all stakeholders makes you a star.

  • Powerful spend analysis with classifications whenever you want
  • Holistic program management
  • Deep analytics and an eye on performance
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