Procurement Intelligence Platform

How it works

ivoflow is an intuitive AI-powered Procurement Intelligence Platform which drives actionable value delivery and cost reduction initiatives. Are you searching for a market intelligence tool for your procurement? Our software ensures a seamless flow of data to opportunity realization.

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Benefits of our procurement intelligence solution

Fast to implement and easy to use

The procurement intelligence platform is designed for a fast implementation into your existing ecosystem. Its modern user interface is intuitive and easy to use.

Adjustable to your needs

We adapt reporting structures, KPI´s and industry-specific analytics to enable the best value for your company.

Immediate Value

Due to the continuous real-time data screening, the procurement intelligence engine will provide you with measurable cost-down initiatives from day one.

A colored picture of a huge office building

Our Procurement Intelligence Products

enable you to unlock your full procurement potential.

Our core product functions

See how ivoflow works!

Procurement Analytics
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Spend Dashboard
Initiative Manager
Opportunities & Risks
Direct
E02438
You can either discard, snooze or create a ticket from this opportunity.

Click on "Create Ticket" button to create a Ticket in the Initiative Manager.
Create Ticket
2024 Spend
$ 2.2 B
Last 12 M Spend
$ 1.78 B
Current Year S...
$ 300.03 B
Part No. Count
6204
Category Count
10
Supplier Count
2209
Gap to Target
$ 115.6 M
Spend Top Down
On your Spend Dashboard you can see an overview of all your Spend Data. You can easily drill down to a specific commodity or even part number.

Try it out by clicking on the "Direct" Bar!
Spend Development
Target
$ 74 M
Target
Spend Break Down
Opportunities & Risks
$ 57 M
Total Value
Average Gap to CMT
38% / 20%
Gap to CMT
63%
Current
2024 Spend
$ 1.8 B
Last 12 M Spend
$ 1.3 B
Current Year S...
$ 178.42 B
Part No. Count
4113
Category Count
6
Supplier Count
381
Gap to Target
$ 55.5 M
Spend Top Down
Spend Development
Target
$ 58 M
Target
Spend Break Down
Now that you've drilled down, you can see a more detailed breakdown of your Direct Spend across different commodities. This view helps you analyze spending patterns and identify potential savings opportunities.

To see a complete list of all Saving Opportunities and Risks click on "Opportunities & Risks" Button in the sidebar on the left.
Opportunities & Risks
$ 32 M
Total Value
Average Gap to CMT
12% / 20%
Gap to CMT
52%
Current
Cost Saving Potentials & Risks
Total (2998):
€ 258.64 M
Category
Market Intellige...
Localization
Localization
LPP
Dual Sourcing
Dual Sourcing
CMT
Localization
Localization
Market Intellige...
Currency
Market Benchm...
LPP
Localization
Localization
Supplier
Weinrich Indust...
Stein & Partner ...
Kunststoffwerk...
Schweighofer T...
Hartbeton GmbH
Weiss Polymer...
Stein & Partner ...
Schweighofer T...
IMBD Deutschl...
IMBD Deutschl...
Schweighofer T...
Hochleistungs ...
Glastechnik Wei...
Stein & Partner ...
Stein & Partner ...
Part Familiy
Thick Film
Thick Film
Thick Film
Thick Film
Fillers
MLCC
Thick Film
Thick Film
Additives
Thick Film
Thick Film
Thick Film
Sand
Precision
Precision
Part Number
590000186
458675
590000411
Multiple
590000186
458675
590000145
590000186
590000120
590000109
458790
590000377
590000220
Multiple
Multiple
Part Description
Thickfilm
Thickfilm
Thickfilm
Thickfilm
PORTLANDZE...
COG/NPO
Thickfilm
Thickfilm
PTE
Thickfilm
Thickfilm
Thickfilm
QUARZSAND...
Precision I
Precision I
Amount
€ 6.83 M
€ 3.27 M
€ 2.84 M
€ 2.4 M
€ 2.39 M
€ 2.32 M
€ 2.25 M
€ 2.11 M
€ 1.95 M
€ 1.91 M
€ 1.91 M
€ 1.81 M
€ 1.64 M
€ 1.63 M
€ 1.63 M
Action
Details
Now that you're on the Opportunities & Risks overview, you can see all potential Saving Opportunities and Risks across different categories.

To explore the details of a specific opportunity, click on the "Details" button!
Details
Details
Details
Details
Details
Details
Details
Details
Details
Details
Details
Details
Details
Details
You're now on the Opportunity Details page. Here, you can find key information, visual insights, and a detailed calculation of the potential savings. Take a closer look to evaluate the impact of this opportunity.

Click on "Index Overview" Tab to switch between Visualizations.
Wire Rod C66D Asia Pacific
Electricity Industry Average China
60%
Material
20%
20%
Energy
60%
Total
Saving Potential
$ 2.3 M / Market Intelligence
Supplier
ACME
Location
Eastern Asia, China, Beijing
Part Number
37652005
Part Description
Lorem Ipsum
Part Family
Rod Assembly
Receiving Plant
(2226) Cross Iron Mills Factory Corporation Limited
Plant Location
Germany
Detailed Calculation
Total (Base Currency)
€ 364,140
Date
2024-08
2024-08
2024-08
2024-08
2024-08
Price
¥ 2.98194
¥ 2.98194
¥ 2.98194
¥ 2.98194
¥ 2.98194
Baseline
100
100
100
100
100
Index Value
67
68
75
70
71
% Change
-32.85 %
-32.3 %
-24.96 %
-30.28 %
-28.75 %
Parts Received
231,600
151,400
170,400
219,000
266,200
Total Saving (...
¥ 158,827
¥ 102,087
¥ 88,785
¥ 138,440
¥ 159,763
Initiative
€ 13.05 M
SIM-382
Market Intellig...
Value
Type
Supplier
Part Number
€ 364.1 k
Market In...
ACME
37620005
In this new ticket you can adjust savings, tag your team members, weigh it by confidence level, add assets, description, see the calculation details and many more.
Also, you can track your progress by moving the ticket to the appropriate status at each stage.

Click on the Ticket to move it to "In Process".
Add Ticket
In Progress
€ 13.05 M
Add Ticket
Negotiations
€ 13.05 M
Add Ticket
Implemented
€ 13.05 M
Add Ticket
Rejected
€ 13.05 M
Add Ticket

Procurement market intelligence data

thanks to partners and third party solution providers.

Learn more

“There is no perfect product for everyone.

But for everyone we can build a perfect product.”

Nicolas Neubauer | Co-Founder
Nicolas Neubauer, co-founder of ivoflow, with a laptop

Our Service

Maturity Level Check

Every organization and industry is at a different maturity level, has individual challenges and a unique IT-Landscape. ivoflow supports its clients within their transition from its current maturity level to the next level.

Implementation

Based on the company's maturity level, we will implement and configure our product and tools to enable each unique client to receive the maximum outcome from our solution.

Training

To establish know-how and to ensure the adoption of our tool we develop a individual training plan to boost user experience and results.

Large distribution warehouse with shelves stacked with palettes

Empowering strategic procurement

to reach the next maturity level.

Data Quality

High data quality is essential for accurate and precise analysis. ivoflow helps organizations to achieve better data quality and to utilize its full potential. We are used to work with differently structured and disrupted ERP-Data and Systems.

Education and Know-How

ivoflow isn't just a procurement tool; we enable organizations to transfer knowledge and educate procurement professionals to successfully manage their strategic spend portfolio.

Return of Invest

After your procurement data has been linked to our database and ecosystem, ivoflow’s intelligence engine provides you with new cost-saving opportunities. Within weeks, you’ll see a significant ROI, better efficiency and a strategic advantage for your procurement team.

A car image of wire harness solutions
People discussing in a manufacturing plant
Lüftungsanlage
A wire harness assembly line

Prettl Group Procurement Transformation

Prettl group evaluated various solutions and ended up with ivoflow as the preferred choice. A perfect combination of spend analytics, in depth cost savings automation paired with up-to-date market intelligence and a project execution tool in a well-integrated platform.

Learn More

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about our procurement solution?

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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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