Procurement in
the Process Industry
Process industries are driven by engineering, safety, and operational continuity. They are characterized by long asset and plant lifetimes, high requirements for compliance and reliability, and strong involvement of both engineering and operations teams. Sourcing decisions tend to be conservative, and prices are rarely challenged aggressively, as the priority is on avoiding risk rather than maximizing cost transparency.
Discover how ivoflow’s spend analytics platform creates value for procurement teams in the process industry.
Typical Procurement Situation
in the Process Industry
Production Setup
Process industries rely on continuous or batch processes with long asset lifetimes.
BOM Structure
They use functional components, modules, and equipment.
Supplier Landscape
Supplier relationships are highly specialized and built for the long term.
Pricing Behaviour
Prices are generally accepted as “technically justified.”
Decision Pressure
Stability and risk control take priority over short-term savings.
How ivoflow Creates Value
for Procurement Teams in Process Industries
We automate Saving Levers
for Procurement Organizations
Dual & Multiple Sourcing
The dual and multiple sourcing feature helps diversify your suppliers and identify alternatives to secure your supply chains. This way, you cannot only minimize risks but also make price-optimized decisions for your procurement.
Currency Clawback & Risk
Our tool allows you to keep track of exchange rate fluctuations. It supports you in hedging exchange rate risks in framework agreements with suppliers or in reclaiming currency gains from suppliers.
Localization Opportunity
The tool shows you opportunities to reduce delivery, freight, and customs costs, as well as risks through local sourcing and shorter delivery routes.
Discover the most impactful levers
for your procurement!
Book a meeting with our experts.
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.
