2024
Maximize the Value of your Most Critical Spend
Direct Material Sourcing is critical to product profitability and longevity in today’s market. With multiple variables and external factors impacting total cost, time-to-market and supply planning, Direct Material Sourcing is the most complex spend type to streamline, manage, and scale.
Reach Cost and Supply Targets Throughout the Product Lifecycle
To maximize the value of a product lifecycle, organizations must use reliable data, automation and collaboration to execute effective strategic sourcing strategies. With Ivalua’s Direct Material Sourcing solutions, meet cost and launch targets to gain better business outcomes.
Promote Strategic Product Sourcing Decisions
Reduce Risk
- Monitor Supplier risk & performance
- Identify Supplier cost and risk tradeoffs
Optimize Supplier Selections
- Evaluate product cost and non-cost factors
- Build supplier selection scenarios to evaluate
Collaborative Product Launch
- Connect Stakeholders and Suppliers
- Identify and mitigate product quality and launch issues early in the process
Ivalua Direct Material Sourcing Solution
Learn how BorgWarner is optimizing Direct Material Sourcing to Create Long-Term Value
Brad Hogerheide
Director of Supply Chain Excellence
BorgWarner
A Unified Platform for All Spend
PLATFORM
Analytics
Workflow
Integration
AI
Collaboration
Design Mode
Additional Modules
Bill of Materials (BOM) Lifecycle Manager
Turn the Bill of Materials into your Sourcing Dashboard
- Meet product cost targets
- Evaluate supplier selection strategies
- Manage supplier engagement throughout the product lifecycle
Advanced Product Quality Planning (APQP)
Improve Product Quality and Increase Successful Product Launches
- Discover and mitigate problems early
- Standardize and improve product launch and audit readiness
- Project, supplier, and organizational transparency
Related Resources
Datasheet
Supplier Engagement and Supply Chain Collaboration across the Product Lifecycle
Research
Ensuring Supply Continuity During Turbulent Times: A Visual Spotlight