Dole achieves 25% savings in 1st year with Ivalua
Find out how Dole, one of the world’s largest producers and marketers of high-quality fresh fruit and vegetables, achieved 25% savings in only one year with Ivalua’s Procurement Platform.
Main Challenges
- 80% of spend single sourced
- Lack of CLM tools and visibility
- No centralized supplier management
- Procurement siloed across sites and business units
Results
10X
ROI with Ivalua has increased significantly
10X
ROI with Ivalua has increased significantly
10X
ROI with Ivalua has increased significantly
10X
ROI with Ivalua has increased significantly
With Ivalua, we realized tremendous speed-to-value and benefit from a simpler and more focused source-to-contract solution. We have already achieved 10x ROI in a very short time.
Arindam Sengupta
VP & Head of Procurement APAC
The Challenge: Lack of Tools & Limited Visibility into Procurement
Dole faced several critical procurement challenges that hindered efficiency and transparency: Their procurement functions were highly decentralized and siloed across sites and business units, which led to limited visibility into spending. 80% of their spend was single sourced. Ineffective category sourcing strategies exacerbated this vulnerability.
Dole’s contracts often lacked documented pricing, contributing to compliance issues and missed cost-saving opportunities. Furthermore, without tools to track contract expirations and renewal options, valuable renegotiation chances slipped by.
The absence of a centralized supplier management system further impeded cohesive oversight and strategic supplier engagement across the organization.
Objectives: Efficient Procurement & Sustainable Value
To achieve savings and create sustainable value, Dole needed to improve numerous procurement processes. They opted for Ivalua’s robust procurement technology to:
- Manage commodity cycles and create resilience by implementing global category strategies
- Create streamlined and standardized sourcing, contracting, and procurement processes
- Leverage scale across all manufacturing units globally
- Drive sustainability and innovation by leveraging supplier capabilities
- Improve compliance
- Rationalize the supply base and put in place global supplier performance management
From Visibility to Value: Dole’s Procurement Overhaul with Ivalua
Ivalua’s cutting-edge technology enabled Dole to streamline procurement with tools that make the entire process faster, more compliant, and more impactful for the organization.
Leveraging Ivalua’s supplier management, e-Sourcing, and Contract Management capabilities, Dole quickly improved direct spend management, creating immediate positive effects on its P&L. Now, senior management and procurement teams have complete visibility with robust reporting and analytics available on a single platform across all organizational levels.
Standardized contract templates and approval workflows have strengthened compliance, while optimized category strategies and reduced sourcing cycle times have allowed Dole’s teams to focus more on value-adding initiatives.
Furthermore, by implementing strategic supplier performance management, Dole promotes continuous improvement and innovation throughout its supply chain, ensuring sustainable value and long-term benefits.