Strategic Sourcing Solution

Creating Value Across Your Strategic Sourcing Process

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 Management.

Sourcing solutions help to generate more business value from Procurement and maximize all your spend management and supplier risk with a seamless, intuitive and collaborative strategic sourcing solution.

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?

Discover Ivalua Strategic Sourcing

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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:

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

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Supplier Risk & Performance Management

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

Suppliers are the key to it all. Collaborate with them in seamlessly across your source to pay process to get accurate information, assess risk and improve performance and even drive innovation.

360-degree view of all suppliers information and activity
Supplier risk & performance assessment and action
Structured collaboration plans to correct issues or drive innovation

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Sourcing

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

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

Source ALL Spend
Unparalleled project & initiative transparency
Optimal supplier selections

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Contract Management

Lock in the value, manage the entire contract lifecycle with ease

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

A central contract & clause repository
Faster contracting with collaborative authoring and negotiation
Maximize contract value with compliance

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Sourcing screenshot of ivalua platform - Strategic Sourcing Solutions

Spend Analysis

Understand all your spend and identify value

Unparalleled transparency into your spend through robust cleansing, classification and enrichment to uncover value generating opportunities

Analyze spend from any and all sources
Powerful classification in real-time
Clear visibility and transparency into spend classification

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Strategic Sourcing Solution

Ivalua Recognized as a Leader In The Forrester Wave™: Supplier Value Management Platforms, Q1 2022

Effectively develop & execute strategic sourcing strategies

Achieve a 360-degree view of all supplier information and procurement analytics

Maximize sourcing outcomes & ensure contract compliance

Ivalua Platform

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Supplier Risk & Performance Management

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

Sourcing

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

Contract Management

Spend Analysis

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