Creating a Single Source of Truth through Spend Analytics
fischer was looking for a digital solution provider to help make its procurement more future-ready and to realize efficiency and cost-saving potential. Since early 2025, the software has been in use at the family-owned company.
About the Customer
The fischer Group, headquartered in Waldachtal in the northern Black Forest, achieved a revenue of €1.11 billion in 2024 with around 4,700 employees worldwide. The family-owned company operates 50 subsidiaries globally and exports to approximately 120 countries. It comprises four business divisions: fischer Fastening Systems, fischertechnik, fischer Consulting, and fischer Electronic Solutions.
fischer Fastening Systems holds technological market leadership in key areas of fastening technology. For a wide range of customers—from DIY enthusiasts and professional tradespeople to key account partners—fischer offers products characterized by technical excellence.
Initial Situation
As a global technology leader, fischer required greater transparency over its procurement data to derive concrete actions. ivoflow impressed with its comprehensive features, including market data analysis and customized reporting. Since January 2025, the platform has been used worldwide for direct procurement activities.
ivoflow impressed us with its holistic features, including market data analytics and customized reporting. At a glance, we can see how raw material price fluctuations impact our product groups and what actions make sense. In addition to their extensive expertise, we particularly value the collaborative partnership and the dedication of the team.
Result & Outcome
With ivoflow as a single source of truth for the procurement team, purchasing managers can once again focus on their core strategic competencies. Manual analyses and reactive ad-hoc measures are no longer necessary, freeing up more time to develop category strategies. In addition to the extensive expertise, fischer particularly values the collaborative partnership and the dedicated support provided by the ivoflow team.
Want to know more
about our procurement solution?
Let us show you how ivoflow can support your business. We are ready to showcase our procurement management system. Together we will find the perfect solution for your company. Feel free to give us a call or e-mail us today!
Save your power and
empower your savings.
