Case Study: ivoflow x TROX
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JOIN SOURCE NOWIntelligent Value Orchestration for Procurement
ivoflow empowers manufacturing companies to effectively manage their commercial procurement performance. The two founders, formerly being procurement executives themselves, have built an intuitive Procurement Management System that combines internal procurement data and external market intelligence. Companies using ivoflow can automatically identify opportunities to save costs, prevent price increases, recover from inflation, enhance supplier resilience, formulate category strategies, and prepare for smart negotiations.
Along with a global team of driven, creative software developers, ivoflow's mission is to help solve global manufacturing companies' common pain points. Based on their own extensive global automotive procurement experience, ivoflow understands unstructured and disrupted data sets, ambitious cost-saving-targets and complex global markets. Using ivoflow's software solution, customers can manage their spend strategically to gain full transparency, insights into new value-delivery-opportunities and stay on top of ever changing markets.
Our Solutions
Data Integration and Enrichment
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Data extracts from SAP, Infor, Oracle or other ERP systems, supplier information from SRM, trend analyses in PowerBI: you are no doubt familiar with the problem of having to obtain and reconcile information from different systems. By integrating your data, supplemented by relevant market data, our software offers you an end-to-end solution for strategic purchasing and enables you to reduce system disruptions and work more efficiently. |
Spend Analytics
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Enable your purchasing organization to optimize strategic purchasing decisions: through real-time data analysis, dashboards and automatically generated recommendations for action. Our software provides you with personalized visualizations and reports in real time on your direct spend and various KPIs and shows potential savings - without additional time and effort. Navigate between different dashboards at product group, supplier and part levels to gain comprehensive insights into your spend and identify cost drivers and risks. |
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Cost Saving Toolbox
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The toolbox that procurement teams have been waiting for: Our Cost Savings Toolbox constantly analyses and interprets internal and external data sets to identify new potential and alert procurement organizations to any risks. Our system proactively notifies users as soon as a new savings opportunity is identified. Each automatically identified initiative is fully calculated and visualized for the user. The result: a clear list of savings initiatives that you can use for the next supplier negotiation. |
Procurement Performance Management
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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. |
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ESG & Sustainability
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Perfectly positioned for the future of procurement: Streamlining supplier ESG performance and measuring Scope 3 emissions for comprehensive sustainability tracking.By integrating external data, our software provides access to all relevant ESG and compliance data from your suppliers, while our CO2 calculator enables you to determine the product carbon footprint (PCF) for Scope 3. |
Additional Features
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Direct access to all market data, price developments at parts list level and gap analyses: our various features for your procurement intelligence take individual customer requirements into account and supplement our solutions with elementary functions. |
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Customer References
| “I’ve been using the ivoflow platform for several months now and it has exceeded my expectations. The user-friendly interface, customizable dashboards and accurate data reporting have made analyzing our business performance a breeze. I highly recommend this tool to anyone looking for a reliable, efficient and moreover intelligent procurement analytics solution.” | “ivoflow did not bring change, it was the change. We now have direct visibility into all of our categories in all of our global locations. Actionable insights are found in just a couple of seconds instead of time-consuming analysis.” | “As a medium size company, Taelim has limited resources 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.” |
| Oliver Casper, | Achim Bielesch, | Jin Oh |
| Head of Purchasing, | Global Senior Vice President Purchasing, | President, |
| TROX GmbH | Voltaira Group | Taelim Industrial Co. Ltd |
Selected Customers
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