Strategic Sourcing Solution
Creating Value Across Your Strategic Sourcing Process
See Ivalua's Strategic Sourcing Solution in Action
Generate more business value from Procurement and maximize all your spend management and supplier risk with a seamless, intuitive and collaborative strategic sourcing solution.
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Effectively develop & execute strategic sourcing strategies
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Achieve a 360-degree view of all supplier information and procurement analytics
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Maximize sourcing outcomes & ensure contract compliance
What is Strategic Sourcing?
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:
- Spend Classification and Analysis
- Sourcing Projects & RFX, Auctions and Category Management
- Supplier Information, Performance and Risk Management
- Contract Lifecycle Management, Authoring and Contract Repository
Explore Solutions
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
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
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
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
Resources
Strategic Sourcing
Read Why Deutsche Telekom Chose Ivalua for End-to-End Sourcing
Ivalua Sourcing
A simple, collaborative and powerful solution to meet any sourcing needs.
100% Digitization Across all Procurement Processes
Read Why Crédit Agricole Chose Ivalua
