Ivalua confirms innovations to manage direct material spend
Ivalua has announced several innovations that allows direct material procurement and supply chain leaders to introduce more profitable, successful products.
Having been founded in 2000, the leading spend management company has introduced a number of new capabilities. Some of Ivalua’s latest capabilities include; Advanced Product Quality Planning (APQP) and New Product Introduction (NPI) capabilities, in addition to enhancements to its existing Bill of Materials (BOM) Lifecycle Manager. Ivalua counts lots of the world’s leading manufacturers as customers, including Whirlpool, Michelin, Flex, Chassis Brakes International, Danieli and Hutchinson. It has meant that Ivalua’s solutions for manufacturing and direct materials has been extended.
“Manufacturers face significant and complex challenges to ensure their products are launched on time, on budget and meet the highest possible quality standards,” commented Pascal Bensoussan, Chief Product Officer. “Ivalua’s BOM Lifecycle Manager and the new APQP and NPI capabilities are part of a series of coordinated platform enhancements allowing procurement teams to improve margins, time-to-market and meet quality requirements via a collaborative, efficient and transparent process involving all key stakeholders.”
Through Ivalua’s BOM Lifecycle Manager, it enables teams managing direct materials spend to work collaboratively to design and deliver products that meet quality requirements, delight customers and yield maximum profitability.
Ivalua’s new product quality capability provides customers with a proven quality management process called APQP. This process is common in automotive and other manufacturing industries to ensure that selected suppliers are capable of meeting product quality requirements and allows program and category managers to identify, document and mitigate potential issues and risk with proper audit standards.
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