Procurement Performance Management

Our Procurement Performance Management offers a holistic solution that combines the tracking of KPIs, the implementation of cost-saving initiatives and targeted preparation for supplier negotiations through comprehensive reporting functions. By analyzing supplier performance and costs in detail, we enable companies to plan procurement efficiently and strategically. In this way, you can realize long-term savings and strengthen your competitiveness.

Pictures showing how the Savings Planning and Reporting function in the software look like

Level up your procurement potentials

by managing your savings initiatives.

Supplier and performance KPI

All KPIs for the performance of your suppliers and product groups in just one dashboard – tailored to individual areas of responsibility. This allows you to view and monitor the various KPIs directly:

  • Spend per Supplier
  • Amount of Supplier per Group
  • Total Amount of Suppliers
  • Incoterms Analysis and Trends
  • Best Cost Country Rate
  • Localization Rate
  • Price Trend and Price Performance
  • PPV Performance
KPI showing the supplier performance

Savings Initiative Manager

Use the Savings Initiative Manager to track and implement your procurement projects from start to finish. With the Kanban Board, developed specifically for strategic purchasing, you can manage your procurement projects collaboratively - the perfect blend of a procurement savings tracker, planning and project management tool.

A kanban board used to collaboratively manage procurement projects

Savings Planning and Reporting

The "Savings Planning and Reporting" (SPR) function is designed to assist your procurement organization in managing and tracking their financial savings goals.

A waterfall chart

Negotiation preparation

Negotiation preparation at the touch of a button: An export function provides you with reports for internal strategy meetings or supplier negotiations – in .pdf or .ppt format as required. The reports include a detailed analysis of your expenses and savings, KPIs, an overview of all negotiation levers at part number level to optimize your negotiation strategies.

The supplier report-outs include
  • Spend and savings trends
  • Breakdown by category and parts family
  • Development of key performance indicators (KPI)
  • Roadmap for savings and projects
  • Supplier-specific negotiation points at item level
  • Overview of mandatory documents such as acceptance of terms and conditions
The strategy report-outs include
  • Spend and savings development
  • Breakdown by category and part family
  • Development of key performance indicators (KPI)
a document used for negotiation preparation

Your Benefits

  • Meeting preparation at the touch of a button saves time
  • Focus on the strategic core competence of the buyer
  • No manual preparation of Power Point presentations
The ivoflow software on a screen
Jin Oh, Taelim
“As a medium size company, Taelim has limited resource for procurement management with lack of long-term & strategic approach. After implementing ivoflow, our purchasing department has been sharpened more focusing on negotiation and strategic planning rather than research and reporting. Most importantly, I can now rely on the system with transparency, exploring new cost improvement potentials based on logical approach with real-time market data.”
Jin Oh
President | Taelim Industrial Co. Ltd
The ivoflow software on a screen.

We enable you to transform your procurement.

Book a demo with our experts and get an overview of how ivoflow takes your procurement game to the next level.

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Stay up to date

on procurement technology trends.

woman who sits in front of a laptop
Blog
August 2, 2024

This is what you should consider when implementing procurement software

Cost transparency, user-friendliness, and integration into existing systems: These are the common requirements for procurement software. However, the requirement catalog for modern software solutions in strategic procurement is significantly more complex. After all, procurement organizations and processes are becoming increasingly complex. But what aspects—beyond return on investment & co.—are also important in a software solution? Through conversations with prospects and new customers, we have gained many insights and summarized what you should consider when implementing procurement software.

Blog
August 2, 2024

This is what you should consider when implementing procurement software

Cost transparency, user-friendliness, and integration into existing systems: These are the common requirements for procurement software. However, the requirement catalog for modern software solutions in strategic procurement is significantly more complex. After all, procurement organizations and processes are becoming increasingly complex. But what aspects—beyond return on investment & co.—are also important in a software solution? Through conversations with prospects and new customers, we have gained many insights and summarized what you should consider when implementing procurement software.

Blog
May 4, 2023

Unlocking Insights and Driving Strategic Decisions: The Power of Procurement Analytics

Procurement analytics can be summarized as the process of utilizing data analysis techniques and tools to gain insights into the procurement process and spendings of an organization.

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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!

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