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 Management/Category Management to Sourcing projects and Contract Management.
However, the Strategic Sourcing process is often not strategic at all but rather tactical and disjointed. Due to inefficient and manual processes, limited vendor data management and inability to collaborate effectively internally and externally. Further, many organizations have entirely different Strategic Sourcing processes and systems 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 spend analytics and lock in the value with Contract Management. Our Strategic Sourcing solution includes: