Sourcing

A simple, collaborative and powerful solution to meet any sourcing needs

 

Ivalua Recognized as a Leader In the Forrester Wave™: Source-To-Contract Suites, Q4 2019

Sourcing display

Be a sourcing superhero.

From spot bids to complex sourcing projects involving direct materials, customers achieve results fast.

 

With Ivalua, we have accelerated our sourcing life cycle and are able to consistently meet and exceed savings targets. We can measure cycle times for various project types and identify and eliminate bottlenecks to make sourcing more efficient and drive better outcomes.
Ben Lizak Manager, Sourcing Life cycle Management, Sprint

Sourcing Projects & RFX

End-to-end sourcing project management of all spend types

  • Manage sourcing projects better Define and track project progress, teams involved, communication, documents, tasks, dependencies and more.
  • Easier collaboration Gather key stakeholder requirements, collaborate with flexible workflows.
  • Start fast Create or reuse different types of RFx templates, questionnaires and workflows to get started fast.
  • Achieve the best outcome Analyze all scenarios by scoring and comparing bids, optimization, split awards by percent, quantity or value and simply flip an RFX into a contract.

Auctions

Host auctions in competitive categories to find the best value

  • Launch an auction in no time Initiate multiple types of auctions from RFQ bids and manage auctions across multiple lots.
  • Real-time updates Receive real-time updates as suppliers bid or message.
  • Understand the impact “What-if” scenario modeling, gain simulation analysis and multi-criteria ranking.

Category Management

A 360-degree view, or “cockpit”, for strategic category action and perspective

  • Create and manage strategy Define and roll-out category-wide objectives and incorporate all relevant organizations, stakeholders, suppliers and ensure all are working towards the same objectives
  • Socialize strategy and collaborate Efficiently collaborate and share knowledge across teams to ensure a consistent and comprehensive strategy for a given category.
  • Monitor, and see the impact Formally create category action plans and track savings against with Savings Tracking

BOM Lifecycle Manager

Turn the Bill of Material into your sourcing dashboard

  • Achieve your targets Manage your product’s bill-of-materials (BOM) through the sourcing, costing and supplier selection process.
  • Evaluate supplier selection strategies fast Quickly create scenarios to quickly evaluate supplier selection strategies
  • Manage supplier engagement throughout product lifecycle Easily launch business processes (e.g., sourcing, quality, P2P) at the component level and the BOM view.