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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 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:

 

Contact Sales

All Spend, All Suppliers, No Compromises

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Supplier Management Display

Supplier Management

All your supplier management information, supplier 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 management assessment and action
  • Single source of truth
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sourcing dashboard view - Optimize Supply Chain

Sourcing

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

Streamline, simplify and improve sourcing 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 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 management repository
  • Speed up contracting
  • Work smarter
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Sourcing screenshot of ivalua platform - Strategic Sourcing Solutions

Strategy & Analytics

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

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

  • Powerful Spend Analysis with classifications whenever you want
  • Holistic program management
  • Deep Procurement analytics and an eye on performance
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