You need to source the right goods and services to meet

business requirements, lower total costs, reduce cycle

time, ensure stakeholder participation and leverage best

practices, while gaining visibility into sourcing initiatives

across your organization. Sourcing is where procurement

can deliver strategic value - provided it isn’t bogged down

with paperwork or manual tasks to ensure compliance.

ValueThe Ivalua Strategic Sourcing solution provides a comprehensive, intuitive and collaborative toolset to automate sourcing of 100% of your spend no matter how simple or complex, tactical or strategic the process is.

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IVALUA FOR STRATEGIC SOURCINGDramatically reduce total costs and sourcing cycle time

Data Sheet

• Shorten sourcing cycle times

• Achieve greater sourcing velocity

• Dramatically reduce costs

• Gain higher team productivity

• Gain visibility and control over global sourcing activity

• Quickly adapt the process with ‘flip’ of RFX to Auction or Contract

• Run sourcing and contract negotiations in parallel

• Optimize selection with multi-criteria analysis and simulation

• Leverage deep Stakeholder insights

• Use pre-defined, best practice process steps and templates

IVALUA FOR STRATEGIC SOURCING

Key Components

Ivalua’s Strategic Sourcing solution consists of the following Modules, accessible universally across any device including mobile devices:

Sourcing Projects Control every aspect of your sourcing project, including the team, documents, tasks, workflow, progress and communications.

• Control the sourcing process via use of pre-defined steps or quickly configure the tool to your needs

• Group initiatives related to an organizational project in one place; track project progress

• Dispatch and monitor buyers workload

• Get an immediate 360° view of sourcing project progress through instant dashboard reports

• Streamline bid creation by gathering key stakeholder requirements

• Report and monitor expected financial savings from the project

• Collaborate deeply with stakeholders through flexible workflows

RFX Automate the administrative drudgery of RFP preparation, distribution, response gathering, scenario planning, multiple awards and compliance reviews.

• Create different types of sourcing events – RFI, simple RFP, complex RFP

• Collaborate on RFX templates, use pre-configured ones or re-use ones from past rounds or projects

• Manage events with multi-rounds, multi-lot quotes and multi-proposal iterations

• Compare bids to reference or target prices; run and record optimization scenarios

• Collaborative scoring and comparison of offers; split awards by percent, quantity or value

• Quickly flip an RFX into a Contract- automatically copying all data

Auctions

Host on-line auctions to drive the lowest total cost. Use multi-criteria rankings and “What if” scenarios. Flip an auction into a contract.

• Initiate an Auction as a step of the sourcing process or easily create a new one

• Use multiple auction types e.g. Rank, Price, Dutch, Japanese, Forward

• Leverage multi-criteria ranking (price, technical offer, time commitment, etc.)

• Reserve and target price setting; minimum bid decrements

• Monitor auctions in real time using live messaging

• Conduct “What-if” scenario modeling and gain simulation analysis

The Ivalua Difference:

• Manage the full strategic sourcing cycle including Projects, RFX, Auctions

• Get enterprise-wide visibility and insights across all sourcing projects and events

• Manage 100% of your spend: direct, indirect, capital goods and services in a single solution

• Simple interface for suppliers to participate in deep collaboration e.g. share specifications, designs

• Capture the Total Cost of Ownership via advanced total cost breakdown features

• Quickly configure the tool to your sourcing process (e.g. 7 step)

• Full transparency and auditability of sourcing history and buyer/ supplier communication in the Forum

• Sourcing is pre-integrated to the Ivalua suite and easily connected to your ERP and content systems

• Leverage best practice templates from the Add On Store- a community of shared best practice

• Access Ivalua Academy, in-depth e-learning for occasional, administrative and technical users

Customers

• US $ 1.3 B spend

• 1,000 RFx per year and 700 strategic suppliers

Ivalua’s solution has proven to be extremely efficient in

helping us manage complex sourcing processes and capture huge saving opportunities. We deployed the Ivalua solution rapidly and achieved ROI within a few weeks. We’re now looking forward to the next step of our partnership with the deployment of Ivalua’s SRM solution enabling visibility into our entire supplier network. Francesco CANTONI Strategic Procurement and Supply Chain Manager Lucchini RS

• Deployed to 45,000 users; manage 50,000 suppliers

• Process 10,200 RFx annually

IVALUA FOR STRATEGIC SOURCING

Next StepsStart buying everything you need in a single solution today. Contact Ivalua +44 (0) 207 153 1600 or info@ivalua.com

IVALUA FOR STRATEGIC SOURCING

Ivalua’s comprehensive solution consists of the following:

The Ivalua Solution

About IvaluaIvalua is the leading provider of Spend Management Cloud Solutions and recognized by top Analysts as a global market leader.

Our success is reflected in a community of 250 customers across 70 countries achieving high performance empowered with the Ivalua Solution.

Our customers realise huge and rapid savings by improving visibility, streamlining and standardising processes and increasing Procurement and Finance productivity. But the overall value from Ivalua goes far beyond immediate savings: Procurement teams also actively contribute to accelerate innovation, enable company growth, mitigate risks and increase compliance. Ivalua is committed to building sustainable business partnerships with its customers and actively supporting them in their journey towards business excellence.

StrategicSourcing Procurement

Contracts& Catalogs Invoicing

PurchasingIntelligence

SupplierManagement

• The Ivalua Suite provides a comprehensive, modular, source-to-pay suite for 100% of your spend on a single natively integrated code base. It provides a deep foundation for procurement excellence

• The Ivalua Platform provides the core set of technical components such as integration toolbox, workflow, portal, administration console, reporting, mobile interface and user management

• The Ivalua Cloud provides the NextGen Cloud Factory environment to securely access the Ivalua Suite, visualize update impact, control update timing, scale configurations with full reversibility

• The Ivalua Open Network provides connectivity to an ecosystem of suppliers, buyers and 3rd party partners. You can rapidly onboard, connect and collaborate with suppliers without any supplier fees

+44 (0) 207 153 1600 info@ivalua.com

Value Beyond Savings

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