Strategic Sourcing Solution

Creating Value Across Your Strategic Sourcing Process

See Ivalua's Strategic Sourcing Solutions 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 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:

 

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Supplier Management Display

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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Ivalua Sourcing Solution Screenshot

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 view of Ivalua platform on laptop

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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