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The Forrester Wave™: Supplier Value Management Platforms, Q3 2024 See Report
Supplier Management
Supplier Information, Performance, Risk, and Collaboration in One Place
Power your Procurement Processes
Today, businesses globally are more reliant on their suppliers than ever before. For Sourcing and Procurement teams to unlock value from their supply base, there needs to be a shift from tactical to strategic supplier management.
Build Stronger and More Collaborative Supplier Relationships
Ivalua’s Supplier Management solution provides a 360-degree view of supplier information to inform processes, promote strategic collaboration, and create sustained long-term value.
What Can Supplier Management Do For You?
360-Degree View of Supplier Information
- Gain complete visibility across supplier information and activities within the Source-to-Pay process
- Avoid duplication, complexity, and rework
Integrated Risk & Performance Management
- Measure and monitor supplier risk and performance with dashboards, scorecards, and external data
- Automate supplier risk and performance evaluations
Strategic Supplier Collaboration Capabilities
- Foster collaborative processes to improve performance, create efficiencies, and promote innovation
- Leverage templates and project management tools
A Unified Platform for All Spend
Supplier Information Management
Let Supplier Information Lead, Not Follow
- Simple, efficient supplier onboarding
- Collect and validate supplier information
- Segment, review, and approve suppliers
- Comprehensive supplier portal
Risk Center
Integrated Assessment and Supplier Risk Mitigation
- Track risk at supplier, sub-tier, and contract level
- Incorporate risk data from external sources
- Elevate risk with business rules, alerts, and metrics
- Optimize risk programs through automation
Performance Evaluations
Gather Data to Drive Smarter Decisions
- Evaluate, analyze, and score supplier performance
- Collect information with detailed surveys
- Manage and automate performance campaigns
- Track, trend, and manage key performance indicators
Issues Management
Track and Resolve Issues Across all Supplier Activities
- Identify, gather, and resolve supplier-related issues
- Categorize and manage issues
- Track progress in real-time
Collaboration Plans
Improve Performance, Reduce Risk, and Drive Innovation
- Manage risk and mitigate impacts
- Drive performance improvement plans
- Collaborate with suppliers on new innovation
- Assign, manage, and track ongoing actions
Related Resources
The Partner Perspective – Why Ivalua for SRM
