ivoflow has been listed by Dr. Elouise Epstein and Kearney as one of the Core Intelligence Platforms within the Modern Procurement Platform Stack. Each Year Dr. Elouise Epstein, Partner at Kearney, releases a Modern Procurement Platform Stack, called the“Spider Map”. The chart plots all relevant procurement innovation solutions as the market evolves. We are thrilled that as of 2023, ivoflow is listed as one of the Core Intelligence Platforms within the modern Procurement Stack.
Why a Procurement Platform Stack? In today's dynamic and competitive business environment, procurement plays a crucial role in driving organizational success. To optimize supply chain operations, enhance efficiency, and mitigate risks, businesses require the expertise of a trusted advisor. Kearney stands at the forefront of procurement excellence and as a strategic partner for organizations seeking to unlock the full potential of their procurement function. With their extensive knowledge, innovative solutions, and client-centric approach, they empower businesses to optimize sourcing, enhance efficiency, mitigate risks, and achieve sustainable procurement practices. “The traditional single technology provider model failed to deliver the promised benefits. In turn, a vast explosion of innovative startups appeared on the scene. It became quickly apparent that we needed a way to organize the chaos, hence the need for a platform approach. Good data will be the critical ingredient to bind the next-gen procurement platform together", says Dr. Elouise Epstein.
ivoflow - Core Intelligence Platform With our Procurement Intelligence Platform, our customers receive a procurement-specific database that is connected to their complete ERP landscape and analyzes all relevant Spend data in a 360° Spend Cube . All your internal transactional and master ERP data, such as supplier master data, parts master data, and purchase order agreements, are imported automatically, cleansed, and centrally stored. External procurement market intelligence data such as raw material pricing, logistics & duty, exchange rates, and energy costs are streamlined into the database and mapped to individual commodities or parts. Thus enabling strategic procurement decision-making through real-time data analytics, dashboards, and advanced recommendations. Personalized visualization and real-time reporting of aggregated spend, saving and KPI data without additional time and effort. Easy Navigation between commodity, supplier, and part-specific dashboards for ultimate insights from the top of your spend down to purchase orders and cost drivers.
About Dr. Elouise Epstein Elouise Epstein is one of the world’s preeminent experts on digital procurement and its impact on supply chains. She is a futurist and a partner of one of the leading consultancy (Kearney). She is known for working with leaders who aren't afraid of a challenge and seek a thought partner who will help them look far ahead and carries great expertise in the field of digital procurement.
